Solidly on track to deliver full-year production guidance following strong third quarter results

Toronto, Ontario--(Newsfile Corp. - October 8, 2024) - Torex Gold Resources Inc. (the "Company" or "Torex") (TSX: TXG) reports Q3 2024 gold production of 119,412 ounces ("oz") and gold sold of 122,130 oz. With year-to-date gold production of 348,728 oz, the Company is on track to achieve annual gold production guidance of 400,000 to 450,000 oz.

TABLE 1: PRELIMINARY THIRD QUARTER 2024 OPERATIONAL RESULTS

Q3 2024
Mining
ELG Open Pits - Ore tonnes mined per day tpd 16,731
ELG Open Pits - Waste tonnes mined per day tpd 46,727
ELG Open Pits - Strip ratio waste:ore 2.8
ELG Underground - Ore tonnes mined per day tpd 2,127
Processing
Average plant throughput tpd 12,889
Average gold recovery % 90.7
Average gold grade of ore processed gpt 3.47
Gold produced oz 119,412
Gold sold oz 122,130
Operational results are preliminary in nature and subject to final reconciliation. Financial and operational results for Q3 2024 will be released after market close on Wednesday November 6, 2024. A conference call hosted by senior management will be held the following day at 9:00 AM ET.

Jody Kuzenko, President & CEO of Torex, stated:

"We delivered a strong operational result during the third quarter with gold production of 119,412 oz, bringing year-to-date gold production to 348,728 oz. With this solid performance, we are well on track to deliver on full-year production guidance for the sixth consecutive year.

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