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Latest Financials

Latest Financials

Third Quarter Report
  • November 30, 2023
    Torex Gold Reports Results from 2023 Exploration Drilling Program at Media Luna West more
  • November 16, 2023
    Torex Gold Reports Impressive Results From the 2023 ELG Underground Drilling Program more
  • November 15, 2023
    Torex Gold Receives Approval for In-Pit Tailings Deposition more
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Share Structure

Torex Gold Resources Inc.


As of November 13, 2023 Shares
Common shares 85,885,453
Share purchase options1 24,707
Restricted share units2,3 527,161
Performance share units4 600,162

Capital Structure

Torex Gold Resources Inc.


As of September 30, 2023 Millions USD
Cash & Short Term Investments $209.4
Debt $0.0
Lease-Related Obligations $21.1
Net Cash (Debt)5 $188.3

1. Each common share option is exercisable into one common share of the Company. No new common share options may be granted and the plan will be terminated once all outstanding common share options are exercised or have expired.

2. Each restricted share unit is redeemable for one common share of the Company.

3.  The balance includes both Restricted Share Units (“RSUs”) and Employee Restricted Share Units (“ERSUs”) issued under the Restricted Share Unit Plan (“RSU Plan”) and the Employee Share Unit (“ESU Plan”), respectively.

4. The number of performance share units that vest is determined by multiplying the number of units granted to the participant by an adjustment factor, which ranges from 0 to 2.0. Therefore, the number of units that will vest and be settled may be higher or lower than the number of units originally granted to a participant. The adjustment factor is based on the Company’s total shareholder return relative to a group of comparable companies over the applicable period. Under the terms of the plan, the Board of Directors is authorized to determine the adjustment factor.

5. Refer to the 'Non-IFRS Financial Performance Measures' in the Company's September 30, 2023 MD&A for further information and a detailed reconciliation

Analyst Coverage

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Jeremy Hoy, P.Eng
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Allison Carson
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Richard Gray, CFA
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Wayne Lam
(416) 842-7840
Eric Winmill, MFin, CFA
(416) 862 3738
TD Securities
Steven Green, CFA
(416) 307 6304
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