Torex Gold Delivers a Strong Close to an Exceptional 2025

Executive Summary

• Torex Gold reported Q4 2025 payable production of 115,066 oz AuEq and sales of 105,946 oz AuEq; full‑year 2025 production totaled 376,586 oz AuEq with sales of 361,518 oz AuEq.
• Production was driven by strong throughput at the Morelos Complex (10,705 tpd) and ramp‑up of Media Luna (7,052 tpd mining, targeting 7,500 tpd steady‑state).
• The company announced a conference call/webcast for detailed Q4 and full‑year results on February 19 2026 and highlighted ongoing share repurchases and an inaugural quarterly dividend.

Key Details

• Q4 2025 Payable Production: 115,066 oz AuEq (based on $4,135/oz Au, $54.73/oz Ag, $5.03/lb Cu).
• Q4 2025 AuEq Sold: 105,946 oz AuEq.
• Full‑Year 2025 Payable Production: 376,586 oz AuEq (based on $3,432/oz Au, $40.03/oz Ag, $4.51/lb Cu).
• Full‑Year 2025 AuEq Sold: 361,518 oz AuEq.

Site‑Specific Operational Metrics

• Production (after payable deductions):
• ELG Underground: 93,557 oz Au
• Media Luna: 454.2 koz Ag

• Morelos Complex: 12.6 mlb Cu

• Sales (after payable deductions):

• ELG Underground: 87,262 oz Au
• Media Luna: 393.8 koz Ag

• Morelos Complex: 10.9 mlb Cu

• Share Repurchase (2025): 825,769 shares at an average price of C$57 per share.

• Dividend: Inaugural quarterly dividend of C$0.15 per share declared and paid in 2025.

Forward‑Looking Statements & Outlook

• Management indicated that second‑half 2025 payable production was 234,100 oz AuEq versus 142,486 oz AuEq in the first half, underscoring a “significant step‑up.”
• Media Luna is on track to achieve steady‑state production of 7,500 tpd by mid‑year 2026 (or earlier), exceeding the targeted average rate of 6,500 tpd.
• The company expects robust free cash flow in 2026 to fund exploration, drilling, growth projects (including Los Reyes), and shareholder returns.

Conference Call / Webcast

• Date: Thursday, February 19 2026, 9:00 AM ET
• Dial‑in (Toronto/International): 1‑647‑846‑8914
• Toll‑Free (North America): 1‑833‑752‑3842
• Webcast URL: www.torexgold.com/investors/upcoming-events/ (archived at www.torexgold.com/investors/financial-reports/)

Notable Quotes

“After a transformational year that saw us complete and successfully ramp up the Media Luna Project… we are well‑positioned to generate significant free cash flow in 2026 and beyond to support our ongoing capital allocation priorities…” – Jody Kuzenko, President & CEO

Materiality Assessment: Material – Positive** (The release provides substantive production and financial guidance that is likely to influence investor decisions.)