Business
Torex Gold Resources Delivers Strong Close to an Exceptional 2025
Media Luna mine ramp-up ahead of schedule; processing plant continues to exceed expectations (All amounts expressed in U.S. dollars unless otherwise stated) Tor
About this update from Torex Gold Resources Inc.
[{"type":"text","content":" Media Luna mine ramp-up ahead of schedule; processing plant continues to exceed expectations (All amounts expressed in U.S. dollars unless otherwise stated) Toronto, Ontario--(Newsfile Corp. - January 8, 2026) - Torex Gold Resources Inc. (the \"Company\" or \"Torex\") (TSX: TXG) (OTCQX: TORXF) reports fourth quarter 2025 gold equivalent (\"AuEq\") payable production of 115,066 ounces (\"oz\") and AuEq sold of 105,946 oz.1 On a full-year basis, payable production totalled 376,586 oz AuEq1 based on average market prices (390,079 oz AuEq at guidance metal prices of $2,500/oz gold (\"Au\"), $28/oz silver (\"Ag\"), and $4.30/lb (\"Cu\") copper) and sales totalled 361,518 oz AuEq.1 TABLE 1: PRELIMINARY FOURTH QUARTER 2025 OPERATIONAL RESULTS2 ELGUnderground Media LunaUnderground Morelos Complex Ore tonnes mined per day 3,175 tpd 7,052 tpd - Ore processed per day - - 10,705 tpd Au Ag Cu AuEq1 Grade processed 3.40 gpt 19.08 gpt 0.65% - Recovery 90.3% 83.1% 91.9% - Produced (before payable deductions) 94,878 oz 498.2 koz 13.0 mlb - Produced (after payable deductions) 93,557 oz 454.2 koz 12.6 mlb 115,066 oz Sold 87,262 oz 393.8 koz 10.9 mlb 105,946 oz Notes:1) Q4 2025 AuEq produced (after payable deductions) and AuEq sold are based on average market prices of $4,135/oz Au, $54.73/oz Ag, and $5.03/lb Cu. Full-year 2025 AuEq produced (after payable deductions) and AuEq sold are based on average market prices of $3,432/oz Au, $40.03/oz Ag, and $4.51/lb Cu.2) Operational results are preliminary in nature and subject to final reconciliation. Financial and operational results for the fourth quarter and full-year 2025 will be released after market close on Wednesday, February 18, 2026. Jody Kuzenko, President & CEO of Torex, stated: \"After a transformational year that saw us complete and successfully ramp up the Media Luna Project, we capped off 2025 with an excellent close to the year, with fourth quarter payable production of 115,066 oz AuEq based on average market prices for gold, silver, and copper. This resulted in second half payable production 234,100 oz AuEq at market prices, marking a significant step-up over first half payable production of 142,486 oz AuEq and reflecting the go-forward capability of the Morelos Complex, which will become even more evident when our updated five-year outlook is released in conjun...