Why Invest?
Consistent Operator with Strong Executional Track Record
Torex is a reliable and consistent precious metal producer that has achieved production guidance for six years in a row. Our focus on costs has allowed the company to deliver robust margins over the last several years, which has translated into strong cash flow. The strong cash generation has allowed us to successfully fund and complete the development Media Luna – a $950 million project – largely on time and on budget.
Financially Strong Producer with Robust Margins and a Healthy Balance Sheet
With over $330 million in available liquidity, including $110 million in cash as of the end of 2024 and an expected return to strong free cash flow in mid-2025, Torex remains in a solid position to invest in value-creating drilling and exploration, return capital through dividends and share buybacks, and to expand the business outside of Morelos through accretive growth opportunities.
Building the Next Miner with EPO
With significant upfront investment in Media Luna infrastructure already in place, EPO is expected to be a capital efficient mine build with an estimated upfront budget of $81.5 million at the pre-feasibility study level. Through the addition of EPO, annual gold equivalent production is estimated to be at least 450,000 ounces through 2030 with mine life now extended through at least 2035.
Excellent Relationships in Mexico through Strong Commitment to ESG
We have very productive relationships with our employees, union, and local communities, a solid record of environmental performance, and a sharp focus on rebuilding our award-winning safety record. We have been strategic about setting up programs that see a complete alignment of economic interests of our Company, shareholders and our important stakeholder groups; when we do well, our employees and our communities do well.
FOCUS ON GROWING RESERVES AND RESOURCES
A strategic pillar for Torex, our investments in exploration and drilling to date have focused on replacing reserves, expanding resources, and unlocking the significant cash generation potential of the Morelos asset. With a record $45 million budgeted for exploration and drilling in 2025, we expect to continue to build on the past success of these programs, enhancing and extending the current production profile at Morelos and looking to make the next sizeable discovery across the broader property.