Video News/Mining Forum Americas 2025

Torex Gold (TSX: TXG) President and CEO Jody Kuzenko called 2025 an “extraordinary year for Torex Gold,” with the billion-dollar Media Luna mine in Mexico reaching commercial production in May. Speaking with Kitco Mining at Mining Forum Americas 2025, she said, “Media Luna is now behind us. We are free cash flowing again, and what that means now is Torex has 10 years of mine life ahead of us at between 450 and 500,000 ounces of gold equivalent.” At current prices, free cash flow in 2026 is expected at about US$450 million. Media Luna anchors the Morelos property, which has produced 3.5 million ounces and remains 75% unexplored. Torex has completed a US$10 million buyback and is preparing to launch a dividend program in Q3, its first post-Media Luna. Kuzenko noted Torex has met guidance six years in a row and said the company is positioned for growth, balance sheet strength, and shareholder returns.