Operational momentum to carry into 2026, driven by successful ramp-up of Media Luna

Torex Gold Resources Inc. (TSX: TXG) (OTCQX: TORXF) reports Q3 2025 gold equivalent payable production of 119,034 ounces and AuEq sold of 118,082 oz. Year-to-date, payable production has totalled 261,520 oz AuEq based on average market prices (269,846 oz AuEq at guidance metal prices of $2,500/oz gold, $28/oz silver, and $4.30/lb copper, including 124,503 oz during Q3). With strong Q3 production and another excellent quarter expected to close off the year, the Company continues to target the low end of annual payable production guidance of 400,000 to 450,000 oz AuEq at guidance metal prices.

TABLE 1: PRELIMINARY THIRD QUARTER 2025 OPERATIONAL RESULTS¹

Notes:

1) Operational results are preliminary in nature and subject to final reconciliation.
2) AuEq produced (after payable deductions) and AuEq sold are based on average market prices during Q3 2025 for gold, silver, and copper.

Financial and operational results for Q3 2025 will be released after market close on Wednesday, November 5, 2025.

Jody Kuzenko, President & CEO of Torex, stated:

“Our operational performance at Morelos was exceptional during the third quarter, with payable gold equivalent production of 119,034 gold equivalent ounces (“oz AuEq”) based on average market prices. The production we delivered in Q3 demonstrates the steady-state potential of Morelos now that the Media Luna Project is complete, which, combined with an improving cost profile and record metal prices, is expected to result in significant free cash flow generation for the foreseeable future.

“At Media Luna, the mine ramp up is tracking ahead of plan, with mining rates above the targeted rate of 6,000 tonnes per day as at the end of the quarter, supported by the completion, commissioning, and transitioning into operations of both the third ore pass and the paste plant. With mine development rates also ahead of plan, almost all of the planned stopes to be mined in 2026 drilled off, and the final ore pass on schedule to be completed by year-end, Media Luna is well positioned to achieve the designed mining rate of 7,500 tpd by mid-2026, if not sooner.

“At the processing plant, quarterly throughput rates exceeded the design rate of 10,600 tpd, with gold and copper recoveries slightly ahead of design levels of 90% and 92%, respectively. While throughput rates benefited from no major maintenance shutdowns during the quarter, the potential for additional capacity in the processing plant could provide future optionality, especially within the current metal price environment.

“With Media Luna ramping up ahead of plan, ELG Underground delivering solid results, and the upgraded processing plant exceeding expectations, we are well positioned to close out 2025 on a strong note and carry the operational momentum into 2026 and beyond.”

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, which is currently Mexico’s largest single gold producer. The Company recently acquired a portfolio of early-stage exploration properties, including the Batopilas and Guigui projects in Chihuahua, Mexico, and the Gryphon and Medicine Springs projects in Nevada, USA, and has also entered into a definitive agreement to acquire a 100% interest in Prime Mining’s multi-million ounce Los Reyes gold-silver project in Sinaloa, Mexico.

The Company’s key strategic objectives are: deliver Media Luna to full production and build EPO; optimize Morelos production and costs; grow reserves and resources; disciplined growth and capital allocation; retain and attract best industry talent; and to 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.