Torex Gold Provides Q1 2026 Morelos Drilling & Exploration Update

Torex Gold's Q1 2026 drilling update reports high-grade intercepts across the Media Luna Cluster and ELG Underground, supporting the company's goal to expand and upgrade mineral resources and replace 2026 mine depletion. Notable results include 16.74 gpt AuEq over 15.7 m (MLLI-048), 10.67 gpt AuEq over 17.9 m (MLLI-042) and 26.86 gpt AuEq over 4.8 m (LDUG-428). Management plans aggressive 2026 programs (approximately 62,500 m at Media Luna and 36,000 m at ELG Underground) and quarterly result cadence. The release strengthens the case for resource growth at the Morelos Complex, which is likely to be viewed positively by investors in gold miners and could bolster sentiment toward gold exposure. Company-assumed metal prices (Au $1,800/oz) and continued permitting/drilling milestones frame near-term catalysts for Torex and the sector.