In November 2025, Torex implemented a return of capital program, a key priority within the Company’s capital allocation framework designed to maximize shareholder returns through all commodity price cycles. The return of capital program comprises both a dividend and share repurchases under a normal course issuer bid (“NCIB”).
Dividends
| Quarter | Record Date | Payable Date | Amount |
|---|---|---|---|
| Q1 2026 | March 5, 2026 | March 19, 2026 | C$0.15 |
| Q4 2025 | November 20, 2025 | December 4, 2025 | C$0.15 |
The dividend qualifies as an "eligible dividend" for Canadian income tax purposes, while dividends paid to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes.
For more information on payment of dividends, please contact Computershare Investor Services at 1-800-564-6253.
Share Repurchase Program
In November 2024, Torex received approval from the TSX to implement its inaugural share repurchase program through an NCIB which was subsequently renewed in November 2025. As of December 31, 2025, the Company has purchased the following shares under the NCIB:
| Quarter | Shares Repurchased | Average Share Price (C$/sh) |
|---|---|---|
| Q4 2025 | 586,565 | $63.21 |
| Q3 2025 | 239,204 | $41.79 |