Torex Gold Resources Inc.
0VL5.L
London Stock Exchange59.78
CAD
-2.32
- -
Torex Gold Resources Inc.
0VL5.L
(London Stock Exchange)
Recent
price
59.78
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Torex Gold Resources Inc. is a Canadian intermediate gold producer primarily engaged in the exploration, development, and production of gold, silver, and copper from its flagship Morelos Gold Property located in the Guerrero Gold Belt, Mexico. Founded in 2009 and headquartered in Toronto, Ontario, the company operates Mexico’s largest single gold-producing complex, the Morelos Complex, which includes the El Limón-Guajes open-pit and underground mines as well as the Media Luna underground mine. Torex’s core products include gold bullion, silver, and copper concentrates derived from its various mining operations. The company also maintains a portfolio of early-stage exploration properties in Mexico (Batopilas and Guigui in Chihuahua; Los Reyes in Sinaloa) and the United States (Gryphon and Medicine Springs in Nevada) to support its growth ambitions. In the past two years, Torex has significantly expanded through strategic acquisitions and operational advancements. Notably, in 2025, it completed the acquisition of Prime Mining, gaining full ownership of the advanced-stage Los Reyes gold-silver development project in Sinaloa, Mexico, which added approximately 1.5 million ounces of gold and 54 million ounces of silver in indicated resources to its portfolio and boosted its total measured and indicated gold resources by 32% to approximately 6.2 million ounces. Torex also acquired Reyna Silver, complementing its asset base with exploration projects in northern Mexico and Nevada. Additionally, Torex advanced its Media Luna underground mine, which began commercial production in early 2025 and is expected to ramp up to 7,500 metric tons per day by 2027, extending the mine life of the Morelos Complex to nearly 12 years. The company leverages modern mining technology including automated electric loaders supplied by Sandvik Mining and Rock Solutions to optimize underground operations. Torex focuses on delivering consistent production exceeding 450,000 ounces of gold equivalent annually, supported by both open-pit and underground operations. The company’s target markets include gold and precious metal investors globally, with a focus on operational excellence and sustainable mining practices in Mexico. Torex’s strategic goal is to become a leading, diversified precious metals producer in the Americas by systematically expanding its portfolio beyond Morelos through acquisitions and exploration, while maintaining strong cash flow and disciplined cost management. In summary, Torex Gold Resources Inc. provides gold, silver, and copper through mining and exploration in Mexico and the southwestern United States, with recent expansions including the acquisition of Prime Mining’s Los Reyes project and Reyna Silver’s exploration assets, alongside the ramp-up of its Media Luna mine contributing to its status as Mexico’s largest intermediate gold producer with a growing resource base and advanced asset pipeline.