Why Invest?

Attractively Valued Relative to Peers

Torex is attractively valued relative to our mid-tier precious metal peers. We expect the discount to narrow over the coming years as we consistently demonstrate the cash flow potential of ELG, de-risk and advance Media Luna towards first production in early-2024, seek to smooth the transition period between ELG and Media Luna, demonstrate the potential of Muckahi and take advantage of accretive M&A opportunities.

Financially Strong Gold Producer with Robust Margins and a Healthy Balance Sheet

With no long-term debt as at the end of Q1 2021 and strong projected cash flow from ELG, we are well positioned to full fund the development of Media Luna. The recently amended debt facility provides greater financial flexibility for management to pursue value enhancing organic growth projects, continue to unlock the potential of the broader Morelos property through exploration, and potentially pursue accretive M&A opportunities.

Excellent Relationships in Mexico through Strong Commitment to ESG

We have very productive relationships with our employees, union, and local communities and a solid record of environmental performance. 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.

Long-Life Potential via our Media Luna Project

With only a 1/3rd of the host magnetic anomaly drill-tested, Media Luna has the potential to extend the mine life of our operations in Mexico for a decade, if not longer. The September 2018 Preliminary Economic Assessment outlined an operation capable of delivering annual gold-equivalent production of approximately 350,000 ounces over more than 10 years. An infill drilling program started in 2020 and has been expanded and extended into 2021, as we look to upgrade a greater portion of resources from the Inferred category to the Indicated category. The results of the infill program will form the basis for a Feasibility Study, which is expected to be released in Q1 2022.

Innovation – a Key Differentiator to Drive Value and Reduce Risk

Since our inception, we have differentiated ourselves from our peers by embracing innovation and leveraging our unique approach to design principles, operational practices, and social management. Shareholders have benefited from these actions through best in class safety performance, lower energy consumption, reduced environmental footprint and improved margins.

Consistent Operator with Industry-Leading Safety Track Record

Torex is an industry-leader when it comes to operational safety. In 2020, we achieved 10 million hours worked without a lost time injury until one was recorded in December 2020. We strongly believe that the same things that drive safety excellence drive production excellence, and operational and financial results prove it.

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