Investors

Why Invest?

Consistent Operator with Industry-Leading Safety Track Record

For the past three years, Torex has consistently met operational guidance and we are an industry-leader when it comes to operational safety. In April 2022, we achieved 1 year worked without a lost time injury among our employees and contractors. We strongly believe that the same things that drive safety excellence drive production excellence, and operational and financial results prove it.

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

With liquidity of $387M and no long-term debt as at the end of Q1 2022, a competitive cost profile and strong projected cash flow from ELG, we are well-positioned to fund the development of Media Luna. We are targeting $250 to $300 million of debt financing in H2 2022, which is expected to provide greater financial flexibility for the development of Media Luna, continued investment in value enhancing exploration across the entire Morelos Property, and maintain $100M of liquidity on the balance sheet.

Long-Life Potential via our Media Luna Project

Media Luna is a low-risk brownfield expansion that is expected to more than triple our existing mine life to 2033 and add significant copper exposure. As of October 31, 2021, the Media Luna deposit had Probable Reserves of 3.36 million gold equivalent ounces at an average gold equivalent grade of 4.54 grams per tonne, including 2.08 million ounces of gold at an average grade of 2.81 g/t, 18.9 million ounces of silver at 25.6 g/t, and 444 million pounds of copper at 0.88%.

 

The current Mineral Resource, which includes the Probable Reserve, covers approximately 30% of the magnetic anomalies within the Media Luna cluster, meaning significant potential to grow and upgrade the resource base at Media Luna over the coming years.

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 best-in-class 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.

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.

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 2024, continue to bolster the production plan during the transition period between ELG and Media Luna, and take advantage of accretive M&A opportunities.

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