Operations tracking to plan with a strong second half expected, supported by higher grades

Torex Gold Resources Inc. (TSX: TXG) (OTCQX: TORXF) reports second quarter 2026 gold equivalent production of 96,297 ounces and AuEq sales of 91,646 oz.¹ On a year-to-date basis, the Company has produced and sold 197,171 oz AuEq and 200,868 oz AuEq, respectively.² With grades and gold recoveries expected to improve through the second half of the year, the Company remains on track to achieve full-year production guidance of 420,000 to 470,000 oz AuEq.³

TABLE 1: PRELIMINARY SECOND QUARTER 2026 OPERATIONAL RESULTS¹

Financial and operational results for the second quarter 2026 will be released after market close on Thursday, August 6, 2026.

Andrew Snowden, President & CEO of Torex, stated:

“Second quarter operational results tracked broadly to plan as we continued to mine through lower-grade and lower gold-recovery areas of Media Luna, with quarterly production of 96,297 oz AuEq. We remain confident in our plan to achieve full-year production guidance of 420,000 to 470,000 oz AuEq as mined grades improve through the third quarter and increase further during the fourth quarter.

“Production rates remained consistently strong through the quarter. Mining rates averaged approximately 3,000 tonnes per day (“tpd”) at ELG Underground and 7,700 tpd at Media Luna, with development and backfill activities at both mines tracking well to plan. Throughput at the processing plant exceeded design levels averaging 10,793 tpd.

“With production tracking to plan and improving grades, the results of the Los Reyes preliminary economic assessment to be released imminently, Media Luna North on schedule to deliver first ore before year-end, and our exploration programs advancing across our portfolio, we’re well positioned to deliver a strong second half of the year as we continue to execute on our strategy.”

During the second quarter, the Company repurchased 990,982 shares (1.1% of shares outstanding at the end of Q1 2026) at an average price of C$61.89 per share and paid a quarterly dividend of C$0.16 per share. On a year-to-date basis, the Company has repurchased 3,132,783 shares (3.2% of shares outstanding at year-end 2025). The Company continues to opportunistically repurchase shares in the open market to deliver on its commitment to return $350 million of capital to shareholders in 2026 through dividends and share repurchases.

ENDNOTES

1) Q2 2026 AuEq production and sales are based on average market prices of $4,506/oz Au, $73.15/oz Ag, and $6.05/lb Cu. AuEq (oz) = Au (oz) + 1,000 * (73.15 / 4,506) x Ag (koz) + 1,000,000 x (6.05 / 4,506) x Cu (mlb).
2) Q2 2026 year-to-date AuEq production and sales are based on average market prices of $4,693/oz Au, $78.83/oz Ag, and $5.93/lb Cu. AuEq (oz) = Au (oz) + 1,000 * (78.83 / 4,693) x Ag (koz) + 1,000,000 x (5.93 / 4,693) x Cu (mlb).
3) 2026 AuEq production guidance assumes metal prices of $4,000/oz Au, $45/oz Ag, and $4.90/lb Cu. AuEq (oz) = Au (oz) + 1,000 * (45 / 4,000) x Ag (koz) + 1,000,000 x (4.90 / 4,000) x Cu (mlb).

ABOUT TOREX GOLD RESOURCES INC.

Torex Gold Resources Inc. is a Canadian mining company engaged in the exploration, development, and production of gold, copper, and silver from its flagship Morelos Complex in Guerrero, Mexico. The Company also owns the Los Reyes gold-silver project in Sinaloa and a portfolio of early-stage exploration properties, including the Batopilas and Guigui projects in Chihuahua, Mexico, and the Medicine Springs project in Nevada, USA as well as an option to acquire the Gryphon project in Nevada, USA.

The Company’s key strategic objectives are: optimize Morelos production and costs; disciplined growth and capital allocation; grow reserves and resources; project delivery excellence; retain and attract best industry talent; and be an industry leader in responsible mining. In addition to realizing the full potential of the Morelos Property, the Company continues to seek opportunities to acquire assets that enable diversification and deliver value to shareholders.