Torex Gold Completes US$26 Million Acquisition of Reyna Silver

Torex Gold Resources has completed the acquisition of Reyna Silver, following shareholder approval on Aug. 11, 2025. The all-cash deal, valued at approximately US$26 million, was based on a purchase price of US$0.13 per share for all outstanding common shares.

"We look forward to unlocking the potential of these assets using our Torex Exploration System, which is a stage-gated framework designed to effectively advance projects from target selection to reserve definition. Coupled with the strength of our exploration team and the robust free cash flow generation we expect from our Morelos Complex for the foreseeable future, we are well-positioned to realize the full value of these properties and generate significant long-term value for our shareholders through this transaction," said CEO Jody Kuzenko.

For the remainder of 2025, exploration will focus on the Batopilas property in Chihuahua, Mexico and the Gryphon property in Nevada, where Torex can earn an initial 70% interest. In 2026, exploration programs are set to expand to the Guigui property in Chihuahua and the Medicine Springs project in Nevada. Torex plans to invest approximately US$500,000 at Batopilas in 2025 to define and rank drill targets, while around US$1.1 million will be allocated to Gryphon for target definition, geochemistry, geophysics, and remote sensing to better outline the geological framework.