Fully funded to complete Media Luna Project with approximately $465 million of liquidity
February 21, 2024 6:11 PM EST | Source: Torex Gold Resources Inc.
(All amounts expressed in U.S. dollars unless otherwise stated)

Toronto, Ontario--(Newsfile Corp. - February 21, 2024) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) reports the Company's financial and operational results for the three months and year ended December 31, 2023. Torex will host a conference call tomorrow morning at 9:00 AM (ET) to discuss the results.

Jody Kuzenko, President & CEO of Torex, stated:

"2023 was another strong year for Torex as we continued to demonstrate our ability to deliver operational excellence at ELG while making significant progress on building our future at the Media Luna Project. We closed 2023 on a high note with Q4 marking the second strongest quarter of production on record driven by new throughput and mining records achieved at our processing plant and at ELG Underground.

"We produced 453,778 ounces ("oz") of gold in 2023, near the midpoint of the full-year guided range, marking the fifth consecutive year we have delivered on original production guidance. At the same time, we continued to distinguish ourselves as one of the safest operators in the industry, with no lost-time injuries in the full year at ELG and none in the second half of the year at Media Luna. In Q4, we achieved 10 million hours worked without a lost-time injury at ELG for the third time since 2020.

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