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Latest Financials

Latest Financials

Annual Financial Statements
  • April 10, 2024
    Torex Gold Reports Q1 2024 Production Results more
  • March 26, 2024
    Torex Gold Reports Year-End 2023 Reserves & Resources more
  • February 26, 2024
    Torex Gold Reports Additional Impressive Drilling Results from ELG Underground more
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Share Structure

Torex Gold Resources Inc.


As of February 21, 2024 Shares
Common shares 85,967,910
Share purchase options1 24,707
Restricted share units2,3 710,751
Performance share units4 795,519

Capital Structure

Torex Gold Resources Inc.


As of December 31, 2023 Millions USD
Cash & Short Term Investments $172.8
Debt $0.0
Lease-Related Obligations $32.0
Net Cash (Debt)5 $140.8

1. Each common share option is exercisable into one common share of the Company. As of January 1, 2022, the Company ceased the issuance of new common share options 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 December 31, 2023 MD&A for further information and a detailed reconciliation

Analyst Coverage

BMO Capital Markets
Kevin O'Halloran
(416) 278-7023
Canaccord Genuity Capital Markets
Jeremy Hoy, P.Eng
(647) 210-1941
CIBC Capital Markets
Allison Carson
(416) 594 7457
Cormark Securities
Richard Gray, CFA
(416) 943 6407
National Bank Financial
Don DeMarco
(416) 869-7572
RBC Capital Markets
Wayne Lam
(416) 842-7840
Eric Winmill, MFin, CFA
(416) 862 3738
TD Securities
Steven Green, CFA
(416) 307 6304
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