Torex Gold Reports Q2 2026 Production Results
Torex reaffirms guidance with q2 production on plan and h2 grade and recovery catalysts remaining intact.
Torex Gold Resources Inc. reported preliminary second-quarter 2026 payable production of 96,297 ounces of gold equivalent (AuEq) and AuEq sales of 91,646 ounces, bringing year-to-date production to 197,171 oz AuEq. The company reaffirmed its full-year guidance of 420,000–470,000 oz AuEq, noting that mined grades and gold recoveries are expected to improve through the third and fourth quarters.
During the quarter, Torex completed the repurchase of 990,982 shares, representing approximately 1.1% of beginning shares, at an average price of C$61.89. The company also paid a quarterly dividend of C$0.16 per share. Management described second-quarter operations as “tracking broadly to plan,” while noting that lower-grade, lower-recovery stopes at Media Luna were mined as scheduled.
Upcoming milestones include the imminent release of the Los Reyes preliminary economic assessment (PEA) and the expectation of first ore from Media Luna North before year-end. Full second-quarter financial and operational results will be released on August 6, 2026.
Torex Gold Resources Inc. (TXG) released preliminary production figures for the second quarter, which align broadly with the company’s stated plan for a deliberate low-grade, low-recovery period. Management reaffirmed its full-year guidance and reiterated the narrative regarding a second-half ramp-up, while also confirming capital returns through buybacks and highlighting near-term catalysts, including the Los Reyes Preliminary Economic Assessment and Media Luna North.
The company reported a modest sequential decline in production, dropping from 100.9k oz to 96.3k oz. This decrease was telegraphed in advance and does not alter the full-year trajectory.
Torex Gold Resources Inc. (TXG) is a diversified precious metals producer focused on the Americas. Its flagship Morelos Complex in Guerrero, Mexico, is an integrated operation featuring a centralized 10,600 tpd processing plant. The plant is fed by three underground mines—Media Luna, Media Luna North, which is under development, and ELG Underground—along with surface stockpiles. The complex produces gold-silver-copper concentrate and doré.
The company’s development-stage Los Reyes Project in Sinaloa, Mexico, hosts indicated resources of approximately 2.0 moz AuEq and is advancing toward a preliminary economic assessment and an eventual pre-feasibility study. Torex also holds early-stage exploration properties in Nevada and Chihuahua.