Why Invest?

Consistent Operator with Industry-Leading Safety Track Record

For the past five years, Torex has consistently met or beaten operational guidance and has done so with an industry-leading safety record. We exited 2023 with no fatalities and a lost-time injury frequency of 0.31 per million hours worked on a rolling 12-month basis. In October 2023, our ELG operation surpassed 10 million hours worked without a lost-time injury for the third time since 2020. We strongly believe that the same things that drive safety excellence drive production excellence. Our operational and financial results prove it.

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

With $465 million in available liquidity, including $173 million in cash, and no long-term debt as at the end of 2023, a competitive cost profile, and strong projected cash flow from ELG, we are fully funded funded to complete the development of Media Luna, invest in value-creating drilling and exploration, and maintain at least $100 million 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 extend mine life through at least 2033 and add significant copper exposure. As of December 31, 2023, the Media Luna deposit had Proven & Probable reserves of 3.36 million gold equivalent ounces at an average gold equivalent grade of 4.43 grams per tonne ("gpt"), including 2.05 million ounces of gold at an average grade of 2.71 gpt, 18.9 million ounces of silver at 24.9 gpt, and 448 million pounds of copper at 0.86%.


The current mineral resource, which includes mineral reserves, covers only one of the four magnetic anomalies favoured by north-south feeders within the Media Luna Cluster, highlighting the potential to significantly expand 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.


A strategic pillar for Torex, our investments in exploration and drilling to date have focused on replacing reserves, expanding resources, and unlocking the significant cash generation potential of the Morelos asset. With $30 million budgeted for exploration and drilling in 2024, we expect to continue to build on the past success of these programs, extending mine life and growing the overall mineral endowment of the Morelos Property.

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