# Torex Gold Reports Q1 2026 Results

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401

Original source: https://money.tmx.com/en/quote/TXG/news/4924564069314966/torex-gold-reports-q1-2026-results

Publisher: tmx

Original announcement: 2026-05-06T22:00:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Torex Gold Resources Inc.

- Ticker: TXG

- Exchange: TSX

- Region: Unavailable

- Primary commodity: Gold

- Secondary commodities: Silver, Copper

- Document categories: Production, Resource update, Drill results

- Extracted: 2026-08-24 05:49:22 UTC

Narrative sentiment: 0.90 · Bullish

## Minestarters Atlas summary

Torex Gold reported record financial performance in Q1 2026, including $539.3 million in revenue and $207.5 million in net income, driven by gold equivalent production tracking to plan. The company generated $157.3 million in free cash flow, fully repaid its credit facility, and announced an enhanced return of capital program. Additionally, Torex updated its mineral reserves and resources, highlighting gains from drilling at Morelos and significant additions from the Los Reyes acquisition, while Media Luna North development remains on schedule.

Reasoning: Torex Gold reported exceptional Q1 2026 financial results, including record revenue, EBITDA, and net income, alongside strong free cash flow and debt repayment. Production is on track, and significant resource additions were made through drilling success and the Los Reyes acquisition, despite AISC being slightly above guidance and security concerns at Los Reyes.

- Positive factor: Record financial performance across multiple metrics \(revenue, EBITDA, net income, AISC margin\)

- Positive factor: Strong free cash flow generation and full repayment of credit facility debt

- Positive factor: Enhanced return of capital program announced, including dividends and share repurchases

- Positive factor: Production tracking to plan with Media Luna underground achieving design throughput ahead of schedule

- Positive factor: Mineral reserves increased 4% prior to depletion, with gains from drilling success at ELG Underground and Media Luna

- Positive factor: Inaugural Inferred Resource delineated at Media Luna West

- Positive factor: Acquisition of Los Reyes added significant Indicated and Inferred Resources

- Positive factor: Exploration activities supporting resource expansion and extension of current production profile

- Negative factor: All-in sustaining costs for Q1 2026 were above the annual guidance range

- Negative factor: Net loss from provisional price adjustments on concentrate sales due to lower metals prices

- Negative factor: Security risks in the Los Reyes region are impacting drilling activities

Low confidence — this extraction should be reviewed alongside the original source.

Facts used in scoring: 185

## Classification and evidence

**Record Financial Performance**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The company reported multiple quarterly financial records including revenue of $539 million, adjusted EBITDA of $359 million, and an impressive all-in sustaining costs margin of 60%.

Evidence · text

> During the first quarter, we delivered multiple quarterly financial records including revenue of $539 million, adjusted EBITDA 1 of $359 million, and an impressive all-in sustaining costs margin 1 of 60%

**Strong Free Cash Flow**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The Company generated $157 million in free cash flow after $165 million in tax and royalty payments.

Evidence · text

> The Company generated $157 million in free cash flow 1 after $165 million in tax and royalty payments

**Debt Repayment**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: In January 2026, the Company fully repaid the remaining $30.0 million drawn on the credit facility.

Evidence · text

> In January 2026, the Company fully repaid the remaining $30.0 million drawn on the credit facility.

**Increased Return of Capital**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The Company announced an enhanced return of capital program targeting the return of $350.0 million to shareholders during 2026.

Evidence · text

> In May, the Company announced an enhanced return of capital program targeting the return of $350.0 million to shareholders during 2026

**AISC Above Guidance**

Polarity: negative

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Quarterly all-in sustaining costs of $1,917 per oz AuEq sold, relative to guidance of $1,750 to $1,850 per oz AuEq sold.

Evidence · text

> Quarterly all-in sustaining costs of $1,917 per oz AuEq sold 2 , relative to guidance of $1,750 to $1,850 per oz AuEq sold 2

**Resource Update**

Polarity: neutral

Definition: Revised estimate for an existing resource — compare to prior to assess progress.

Why it applies: The company released its 2025 mineral reserves and resources update in March.

Evidence · text

> In March, the Company released its 2025 mineral reserves and resources update.

**Category Upgrade**

Polarity: positive

Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal.

Why it applies: Mineral reserves for Morelos increased 4% prior to depletion, with gains from drilling success at ELG Underground and Media Luna.

Evidence · text

> Mineral reserves for Morelos increased 4% prior to depletion \(5% decrease net of depletion\), with gains from drilling success at ELG Underground and Media Luna

**Inaugural Resource**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: At Media Luna West, an inaugural Inferred Resource of 506 koz AuEq was delineated.

Evidence · text

> At Media Luna West, an inaugural Inferred Resource of 506 koz AuEq was delineated

**Acquisition Adds Resources**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The acquisition of Los Reyes added 2,047 koz AuEq of Indicated Resources and 765 koz AuEq of Inferred Resources to the Company's overall resource inventory.

Evidence · text

> The acquisition of Los Reyes added 2,047 koz AuEq of Indicated Resources and 765 koz AuEq of Inferred Resources to the Company's overall resource inventory.

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Multiple Qualified Persons \(P.Eng., P.Geo., CPG member with AIPG\) are named and have reviewed and approved the technical and scientific information for metal production, mineral resources, and mineral reserves.

Evidence · text

> The technical and scientific information contained in this press release pertaining to metal production and 2026 production guidance has been reviewed and approved by Miguel Pimentel P.Eng., Vice President, Metallurgy and Process Engineering of the Company, who is a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects \("NI 43-101"\). The scientific and technical information contained in this press release pertaining to mineral resources has been reviewed and approved by Rochelle Collins, P.Geo., Principal, Mineral Resources of Torex Gold Resources Inc. and a Qualified Person under NI 43-101. The scientific and technical information contained in this press release pertaining to mineral reserves for the Morelos Complex has been reviewed and approved by Johannes \(Gertjan\) Bekkers, P.Eng., a contractor to Torex Gold \(previously served as Vice-President, Mines Technical Services for the Company\) and a Qualified Person under NI 43-101. The scientific and technical data contained in this press release pertaining to mineral resources for Los Reyes have been reviewed and approved by John Sims, President of Sims Resources LLC, an independent contractor and qualified person as a CPG member with AIPG, and a Qualified Person under NI 43-101.

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: All mineral reserve and resource estimates are stated to be in accordance with NI 43-101 standards.

Evidence · text

> who is a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects \("NI 43-101"\)

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The document reports several Inferred Mineral Resources, which are a lower confidence category.

Evidence · table

> Inferred

Context: 8,211

**Exploration Drilling**

Polarity: neutral

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The company announced results from the ongoing drilling and exploration program within the ELG Underground and Media Luna Cluster.

Evidence · text

> In April, the Company announced results from the ongoing drilling and exploration program within the ELG Underground and Media Luna Cluster.

**Step-Out Extension**

Polarity: positive

Definition: Mineralization extended beyond the previously known limit.

Why it applies: Drilling results support expanding resources and extending the current production profile, with potential to expand resources to the south and east of the Media Luna mine.

Evidence · text

> Results to date support the Company's objective of expanding resources while enhancing and extending the current production profile of the Morelos Complex. ... Results support the potential to expand resources to the south and east of the Media Luna mine.

**Security Risks**

Polarity: negative

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: The company continues to focus on putting in place the conditions to allow a safe return to drilling at Los Reyes following security risks in the region.

Evidence · text

> We continue to focus on putting in place the conditions to allow a safe return to drilling at Los Reyes following security risks in the region

## Extracted facts

Stored fact records: 115. Some facts used in scoring do not have a stored record.

## Resource Estimates (115)

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-70)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 7396000
- Grade: 2.93
- Grade Unit: g/t
- Contained Metal: 696
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 2.93

Context: 7,396

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-71)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 7396000
- Grade: 25.7
- Grade Unit: g/t
- Contained Metal: 6106
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 25.7

Context: 7,396

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-72)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 7396000
- Grade: 0.82
- Grade Unit: %
- Contained Metal: 134
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 0.82

Context: 7,396

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-73)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: probable
- Tonnes: 15210000
- Grade: 2.41
- Grade Unit: g/t
- Contained Metal: 1178
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Probable reserves at Media Luna Underground add significant tonnage and contained gold to the reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Probable category

- Positive factor: Good grade for underground gold

Evidence · table

> 2.41

Context: 15,210

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-74)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: probable
- Tonnes: 15210000
- Grade: 21.9
- Grade Unit: g/t
- Contained Metal: 10719
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Probable reserves at Media Luna Underground add significant tonnage and contained gold to the reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Probable category

- Positive factor: Good grade for underground gold

Evidence · table

> 21.9

Context: 15,210

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-75)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: probable
- Tonnes: 15210000
- Grade: 0.82
- Grade Unit: %
- Contained Metal: 273
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Probable reserves at Media Luna Underground add significant tonnage and contained gold to the reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Probable category

- Positive factor: Good grade for underground gold

Evidence · table

> 0.82

Context: 15,210

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-76)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 22607000
- Grade: 2.58
- Grade Unit: g/t
- Contained Metal: 1874
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 2.58

Context: 22,607

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-77)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 22607000
- Grade: 23.1
- Grade Unit: g/t
- Contained Metal: 16825
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 23.1

Context: 22,607

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-78)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 22607000
- Grade: 0.82
- Grade Unit: %
- Contained Metal: 408
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 0.82

Context: 22,607

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-79)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: probable
- Tonnes: 5546000
- Grade: 1.89
- Grade Unit: g/t
- Contained Metal: 337
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Probable reserves at Media Luna Underground add significant tonnage and contained gold to the reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Probable category

- Positive factor: Good grade for underground gold

Evidence · table

> 1.89

Context: 5,546

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-80)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: probable
- Tonnes: 5546000
- Grade: 25.6
- Grade Unit: g/t
- Contained Metal: 4556
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Probable reserves at Media Luna Underground add significant tonnage and contained gold to the reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Probable category

- Positive factor: Good grade for underground gold

Evidence · table

> 25.6

Context: 5,546

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-81)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: probable
- Tonnes: 5546000
- Grade: 1.1
- Grade Unit: %
- Contained Metal: 135
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Probable reserves at Media Luna Underground add significant tonnage and contained gold to the reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Probable category

- Positive factor: Good grade for underground gold

Evidence · table

> 1.10

Context: 5,546

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-82)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 5546000
- Grade: 1.89
- Grade Unit: g/t
- Contained Metal: 337
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 1.89

Context: 5,546

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-83)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 5546000
- Grade: 25.6
- Grade Unit: g/t
- Contained Metal: 4556
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 25.6

Context: 5,546

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-84)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 5546000
- Grade: 1.1
- Grade Unit: %
- Contained Metal: 135
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 1.10

Context: 5,546

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-85)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 1412000
- Grade: 4.36
- Grade Unit: g/t
- Contained Metal: 198
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 4.36

Context: 1,412

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-86)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 1412000
- Grade: 7.2
- Grade Unit: g/t
- Contained Metal: 328
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 7.2

Context: 1,412

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-87)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 1412000
- Grade: 0.31
- Grade Unit: %
- Contained Metal: 10
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 0.31

Context: 1,412

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-88)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: probable
- Tonnes: 3598000
- Grade: 4.17
- Grade Unit: g/t
- Contained Metal: 482
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Probable reserves at Media Luna Underground add significant tonnage and contained gold to the reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Probable category

- Positive factor: Good grade for underground gold

Evidence · table

> 4.17

Context: 3,598

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-89)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: probable
- Tonnes: 3598000
- Grade: 7.2
- Grade Unit: g/t
- Contained Metal: 828
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Probable reserves at Media Luna Underground add significant tonnage and contained gold to the reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Probable category

- Positive factor: Good grade for underground gold

Evidence · table

> 7.2

Context: 3,598

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-90)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: probable
- Tonnes: 3598000
- Grade: 0.29
- Grade Unit: %
- Contained Metal: 23
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Probable reserves at Media Luna Underground add significant tonnage and contained gold to the reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Probable category

- Positive factor: Good grade for underground gold

Evidence · table

> 0.29

Context: 3,598

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-91)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 5011000
- Grade: 4.22
- Grade Unit: g/t
- Contained Metal: 680
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 4.22

Context: 5,011

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-92)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 5011000
- Grade: 7.2
- Grade Unit: g/t
- Contained Metal: 1157
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 7.2

Context: 5,011

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-93)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 5011000
- Grade: 0.3
- Grade Unit: %
- Contained Metal: 33
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 0.30

Context: 5,011

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-94)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: probable
- Tonnes: 614000
- Grade: 2.43
- Grade Unit: g/t
- Contained Metal: 48
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Probable reserves at Media Luna Underground add significant tonnage and contained gold to the reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Probable category

- Positive factor: Good grade for underground gold

Evidence · table

> 2.43

Context: 614

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-95)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: probable
- Tonnes: 614000
- Grade: 15.8
- Grade Unit: g/t
- Contained Metal: 312
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Probable reserves at Media Luna Underground add significant tonnage and contained gold to the reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Probable category

- Positive factor: Good grade for underground gold

Evidence · table

> 15.8

Context: 614

### probable

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-96)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: probable
- Tonnes: 614000
- Grade: 0.46
- Grade Unit: %
- Contained Metal: 6
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Probable reserves at Media Luna Underground add significant tonnage and contained gold to the reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Probable category

- Positive factor: Good grade for underground gold

Evidence · table

> 0.46

Context: 614

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-97)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 614000
- Grade: 2.43
- Grade Unit: g/t
- Contained Metal: 48
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 2.43

Context: 614

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-98)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 614000
- Grade: 15.8
- Grade Unit: g/t
- Contained Metal: 312
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 15.8

Context: 614

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-99)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 614000
- Grade: 0.46
- Grade Unit: %
- Contained Metal: 6
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 0.46

Context: 614

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-100)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 5876000
- Grade: 1.15
- Grade Unit: g/t
- Contained Metal: 218
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 1.15

Context: 5,876

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-101)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 5876000
- Grade: 3.5
- Grade Unit: g/t
- Contained Metal: 669
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 3.5

Context: 5,876

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-102)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 5876000
- Grade: 0.1
- Grade Unit: %
- Contained Metal: 13
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 0.10

Context: 5,876

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-103)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 39653000
- Grade: 2.48
- Grade Unit: g/t
- Contained Metal: 3158
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 2.48

Context: 39,653

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-104)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 39653000
- Grade: 18.4
- Grade Unit: g/t
- Contained Metal: 23519
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 18.4

Context: 39,653

### proven

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-105)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: proven
- Tonnes: 39653000
- Grade: 0.68
- Grade Unit: %
- Contained Metal: 594
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Proven reserves at Media Luna Underground show a significant tonnage and good gold grade, contributing to the overall reserve base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: High confidence category \(Proven\)

- Positive factor: Good grade for underground gold

Evidence · table

> 0.68

Context: 39,653

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-106)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 9618000
- Grade: 3.03
- Grade Unit: g/t
- Contained Metal: 936
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 3.03

Context: 9,618

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-107)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 9618000
- Grade: 28.2
- Grade Unit: g/t
- Contained Metal: 8728
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 28.2

Context: 9,618

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-108)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 9618000
- Grade: 0.92
- Grade Unit: %
- Contained Metal: 196
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 0.92

Context: 9,618

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-109)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: indicated
- Tonnes: 24070000
- Grade: 2.33
- Grade Unit: g/t
- Contained Metal: 1800
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Indicated resources at Media Luna Underground add significant tonnage and contained gold to the resource base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Good grade for underground gold

Evidence · table

> 2.33

Context: 24,070

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-110)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: indicated
- Tonnes: 24070000
- Grade: 23.5
- Grade Unit: g/t
- Contained Metal: 18165
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Indicated resources at Media Luna Underground add significant tonnage and contained gold to the resource base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Good grade for underground gold

Evidence · table

> 23.5

Context: 24,070

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-111)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: indicated
- Tonnes: 24070000
- Grade: 0.87
- Grade Unit: %
- Contained Metal: 461
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Indicated resources at Media Luna Underground add significant tonnage and contained gold to the resource base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Good grade for underground gold

Evidence · table

> 0.87

Context: 24,070

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-112)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 33687000
- Grade: 2.53
- Grade Unit: g/t
- Contained Metal: 2736
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 2.53

Context: 33,687

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-113)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 33687000
- Grade: 24.8
- Grade Unit: g/t
- Contained Metal: 26893
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 24.8

Context: 33,687

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-114)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 33687000
- Grade: 0.88
- Grade Unit: %
- Contained Metal: 656
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 0.88

Context: 33,687

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-115)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 8211000
- Grade: 2.26
- Grade Unit: g/t
- Contained Metal: 596
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 2.26

Context: 8,211

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-116)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 8211000
- Grade: 19.3
- Grade Unit: g/t
- Contained Metal: 5087
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 19.3

Context: 8,211

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-117)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 8211000
- Grade: 0.84
- Grade Unit: %
- Contained Metal: 152
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 0.84

Context: 8,211

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-118)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: indicated
- Tonnes: 7598000
- Grade: 2.13
- Grade Unit: g/t
- Contained Metal: 520
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Indicated resources at Media Luna Underground add significant tonnage and contained gold to the resource base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Good grade for underground gold

Evidence · table

> 2.13

Context: 7,598

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-119)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: indicated
- Tonnes: 7598000
- Grade: 26.8
- Grade Unit: g/t
- Contained Metal: 6537
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Indicated resources at Media Luna Underground add significant tonnage and contained gold to the resource base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Good grade for underground gold

Evidence · table

> 26.8

Context: 7,598

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-120)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: indicated
- Tonnes: 7598000
- Grade: 1.11
- Grade Unit: %
- Contained Metal: 187
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Indicated resources at Media Luna Underground add significant tonnage and contained gold to the resource base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Good grade for underground gold

Evidence · table

> 1.11

Context: 7,598

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-121)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 7598000
- Grade: 2.13
- Grade Unit: g/t
- Contained Metal: 520
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 2.13

Context: 7,598

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-122)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 7598000
- Grade: 26.8
- Grade Unit: g/t
- Contained Metal: 6537
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 26.8

Context: 7,598

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-123)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 7598000
- Grade: 1.11
- Grade Unit: %
- Contained Metal: 187
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 1.11

Context: 7,598

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-124)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 9687000
- Grade: 1.78
- Grade Unit: g/t
- Contained Metal: 554
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 1.78

Context: 9,687

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-125)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 9687000
- Grade: 31.9
- Grade Unit: g/t
- Contained Metal: 9936
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 31.9

Context: 9,687

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-126)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 9687000
- Grade: 1.08
- Grade Unit: %
- Contained Metal: 230
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 1.08

Context: 9,687

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-127)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 3079000
- Grade: 4.49
- Grade Unit: g/t
- Contained Metal: 445
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 4.49

Context: 3,079

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-128)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 3079000
- Grade: 8.6
- Grade Unit: g/t
- Contained Metal: 848
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 8.6

Context: 3,079

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-129)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 3079000
- Grade: 0.35
- Grade Unit: %
- Contained Metal: 23
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 0.35

Context: 3,079

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-130)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 3974000
- Grade: 4.01
- Grade Unit: g/t
- Contained Metal: 512
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 4.01

Context: 3,974

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-131)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 3974000
- Grade: 6.1
- Grade Unit: g/t
- Contained Metal: 775
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 6.1

Context: 3,974

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-132)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 3974000
- Grade: 0.26
- Grade Unit: %
- Contained Metal: 22
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 0.26

Context: 3,974

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-133)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: indicated
- Tonnes: 7364000
- Grade: 3.57
- Grade Unit: g/t
- Contained Metal: 845
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Indicated resources at Media Luna Underground add significant tonnage and contained gold to the resource base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Good grade for underground gold

Evidence · table

> 3.57

Context: 7,364

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-134)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: indicated
- Tonnes: 7364000
- Grade: 6
- Grade Unit: g/t
- Contained Metal: 1427
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Indicated resources at Media Luna Underground add significant tonnage and contained gold to the resource base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Good grade for underground gold

Evidence · table

> 6.0

Context: 7,364

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-135)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: indicated
- Tonnes: 7364000
- Grade: 0.24
- Grade Unit: %
- Contained Metal: 39
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Indicated resources at Media Luna Underground add significant tonnage and contained gold to the resource base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Good grade for underground gold

Evidence · table

> 0.24

Context: 7,364

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-136)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 11338000
- Grade: 3.72
- Grade Unit: g/t
- Contained Metal: 1357
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 3.72

Context: 11,338

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-137)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 11338000
- Grade: 6
- Grade Unit: g/t
- Contained Metal: 2203
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 6.0

Context: 11,338

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-138)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 11338000
- Grade: 0.25
- Grade Unit: %
- Contained Metal: 62
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 0.25

Context: 11,338

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-139)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 1074000
- Grade: 3.92
- Grade Unit: g/t
- Contained Metal: 135
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 3.92

Context: 1,074

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-140)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 1074000
- Grade: 6.4
- Grade Unit: g/t
- Contained Metal: 220
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 6.4

Context: 1,074

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-141)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 1074000
- Grade: 0.29
- Grade Unit: %
- Contained Metal: 7
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 0.29

Context: 1,074

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-142)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: indicated
- Tonnes: 523000
- Grade: 3.54
- Grade Unit: g/t
- Contained Metal: 59
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Indicated resources at Media Luna Underground add significant tonnage and contained gold to the resource base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Good grade for underground gold

Evidence · table

> 3.54

Context: 523

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-143)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: indicated
- Tonnes: 523000
- Grade: 14.4
- Grade Unit: g/t
- Contained Metal: 241
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Indicated resources at Media Luna Underground add significant tonnage and contained gold to the resource base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Good grade for underground gold

Evidence · table

> 14.4

Context: 523

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-144)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: indicated
- Tonnes: 523000
- Grade: 0.45
- Grade Unit: %
- Contained Metal: 5
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Indicated resources at Media Luna Underground add significant tonnage and contained gold to the resource base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Good grade for underground gold

Evidence · table

> 0.45

Context: 523

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-145)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 523000
- Grade: 3.54
- Grade Unit: g/t
- Contained Metal: 59
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 3.54

Context: 523

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-146)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 523000
- Grade: 14.4
- Grade Unit: g/t
- Contained Metal: 241
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 14.4

Context: 523

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-147)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 523000
- Grade: 0.45
- Grade Unit: %
- Contained Metal: 5
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 0.45

Context: 523

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-148)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 6000
- Grade: 3.56
- Grade Unit: g/t
- Contained Metal: 1
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 3.56

Context: 6

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-149)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 6000
- Grade: 5.9
- Grade Unit: g/t
- Contained Metal: 1
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 5.9

Context: 6

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-150)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 6000
- Grade: 0.45
- Grade Unit: %
- Contained Metal: 0
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 0.45

Context: 6

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-151)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 53146000
- Grade: 2.73
- Grade Unit: g/t
- Contained Metal: 4672
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 2.73

Context: 53,146

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-152)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 53146000
- Grade: 21
- Grade Unit: g/t
- Contained Metal: 35874
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 21.0

Context: 53,146

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-153)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 53146000
- Grade: 0.78
- Grade Unit: %
- Contained Metal: 910
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 0.78

Context: 53,146

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-154)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 22057000
- Grade: 2.44
- Grade Unit: g/t
- Contained Metal: 1731
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 2.44

Context: 22,057

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-155)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 22057000
- Grade: 22.7
- Grade Unit: g/t
- Contained Metal: 16093
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 22.7

Context: 22,057

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-156)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 22057000
- Grade: 0.85
- Grade Unit: %
- Contained Metal: 412
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 0.85

Context: 22,057

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-157)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: indicated
- Tonnes: 24657000
- Grade: 1.13
- Grade Unit: g/t
- Contained Metal: 899
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Indicated resources at Media Luna Underground add significant tonnage and contained gold to the resource base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Good grade for underground gold

Evidence · table

> 1.13

Context: 24,657

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-158)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: indicated
- Tonnes: 24657000
- Grade: 35.7
- Grade Unit: g/t
- Contained Metal: 28261
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Indicated resources at Media Luna Underground add significant tonnage and contained gold to the resource base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Good grade for underground gold

Evidence · table

> 35.7

Context: 24,657

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-159)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 24657000
- Grade: 1.13
- Grade Unit: g/t
- Contained Metal: 899
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 1.13

Context: 24,657

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-160)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 24657000
- Grade: 35.7
- Grade Unit: g/t
- Contained Metal: 28261
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 35.7

Context: 24,657

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-161)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 7211000
- Grade: 0.89
- Grade Unit: g/t
- Contained Metal: 207
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 0.89

Context: 7,211

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-162)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 7211000
- Grade: 42.8
- Grade Unit: g/t
- Contained Metal: 9916
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 42.8

Context: 7,211

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-163)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: indicated
- Tonnes: 4132000
- Grade: 3.02
- Grade Unit: g/t
- Contained Metal: 402
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Indicated resources at Media Luna Underground add significant tonnage and contained gold to the resource base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Good grade for underground gold

Evidence · table

> 3.02

Context: 4,132

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-164)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: indicated
- Tonnes: 4132000
- Grade: 152.4
- Grade Unit: g/t
- Contained Metal: 20243
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Indicated resources at Media Luna Underground add significant tonnage and contained gold to the resource base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Good grade for underground gold

Evidence · table

> 152.4

Context: 4,132

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-165)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 4132000
- Grade: 3.02
- Grade Unit: g/t
- Contained Metal: 402
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 3.02

Context: 4,132

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-166)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 4132000
- Grade: 152.4
- Grade Unit: g/t
- Contained Metal: 20243
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 152.4

Context: 4,132

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-167)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 4055000
- Grade: 2.1
- Grade Unit: g/t
- Contained Metal: 273
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 2.10

Context: 4,055

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-168)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 4055000
- Grade: 78.6
- Grade Unit: g/t
- Contained Metal: 10247
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 78.6

Context: 4,055

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-169)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: indicated
- Tonnes: 20254000
- Grade: 0.29
- Grade Unit: g/t
- Contained Metal: 190
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Indicated resources at Media Luna Underground add significant tonnage and contained gold to the resource base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Good grade for underground gold

Evidence · table

> 0.29

Context: 20,254

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-170)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: indicated
- Tonnes: 20254000
- Grade: 8.4
- Grade Unit: g/t
- Contained Metal: 5492
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Indicated resources at Media Luna Underground add significant tonnage and contained gold to the resource base. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Significant tonnage in Indicated category

- Positive factor: Good grade for underground gold

Evidence · table

> 8.4

Context: 20,254

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-171)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 20254000
- Grade: 0.29
- Grade Unit: g/t
- Contained Metal: 190
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 0.29

Context: 20,254

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-172)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 20254000
- Grade: 8.4
- Grade Unit: g/t
- Contained Metal: 5492
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 8.4

Context: 20,254

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-173)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 5944000
- Grade: 0.3
- Grade Unit: g/t
- Contained Metal: 58
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 0.30

Context: 5,944

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-174)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 5944000
- Grade: 7.3
- Grade Unit: g/t
- Contained Metal: 1398
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 7.3

Context: 5,944

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-175)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 49042000
- Grade: 0.95
- Grade Unit: g/t
- Contained Metal: 1491
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 0.95

Context: 49,042

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-176)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 49042000
- Grade: 34.2
- Grade Unit: g/t
- Contained Metal: 53995
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 34.2

Context: 49,042

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-177)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 17210000
- Grade: 0.97
- Grade Unit: g/t
- Contained Metal: 538
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 0.97

Context: 17,210

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-178)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 17210000
- Grade: 39
- Grade Unit: g/t
- Contained Metal: 21561
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 39.0

Context: 17,210

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-179)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 102188000
- Grade: 1.88
- Grade Unit: g/t
- Contained Metal: 6163
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 1.88

Context: 102,188

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-180)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 102188000
- Grade: 27.4
- Grade Unit: g/t
- Contained Metal: 89870
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 27.4

Context: 102,188

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-181)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: measured
- Tonnes: 102188000
- Grade: 0.4
- Grade Unit: %
- Contained Metal: 910
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Measured resources at Media Luna Underground represent a high-confidence portion of the resource with a good gold grade. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Highest confidence category \(Measured\)

- Positive factor: Good grade for underground gold

Evidence · table

> 0.40

Context: 102,188

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-182)

gold

#### Identity

- Commodity: gold
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 39267000
- Grade: 1.8
- Grade Unit: g/t
- Contained Metal: 2269
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 1.80

Context: 39,267

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-183)

silver

#### Identity

- Commodity: silver
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 39267000
- Grade: 29.8
- Grade Unit: g/t
- Contained Metal: 37654
- Contained Unit: koz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 29.8

Context: 39,267

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/torex-gold-reports-q1-2026-results--7f16d025-a617-4756-ac15-4c4af2c84401#fact-resource-facts-184)

copper

#### Identity

- Commodity: copper
- Ticker: TXG

#### Resource Data

- Category: inferred
- Tonnes: 39267000
- Grade: 0.48
- Grade Unit: %
- Contained Metal: 412
- Contained Unit: mlb

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-05-06T00:00:00.000Z

Reasoning: Inferred resources at Media Luna Underground add to the resource base, but with lower geological confidence. \(Expanded from multi-commodity resource table for completeness.\)

- Positive factor: Adds to overall resource base

- Negative factor: Lower confidence category \(Inferred\)

Evidence · table

> 0.48

Context: 39,267

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.