Torex Gold Announces Results of Its 2025 Meeting of Shareholders
Torex Gold Announces Results of Its 2025
Meeting of Shareholders
Toronto, Ontario--(Newsfile Corp. - June 18, 2025) - Torex Gold Resources Inc. (the "Company" or
"Torex") (TSX: TXG) announces the results of its 2025 annual and special meeting of shareholders (the
"Meeting") held virtually today.
ITEM 1. ELECTION OF DIRECTORS
At the Meeting, all director nominees listed in the Company's management information circular (the
"
Circular
") dated May 7, 2025, were elected as directors of the Company. Detailed results of the vote
by ballot are as follows:
DIRECTOR
VOTE TYPE
NUMBER OF VOTES
% OF VOTES
Richard A. Howes
For
Withheld
70,294,788
127,354
99.82%
0.18%
Jody L.M. Kuzenko
For
Withheld
70,376,490
45,652
99.94%
0.06%
Caroline Donally
For
Withheld
69,557,610
864,532
98.77%
1.23%
Jennifer J. Hooper
For
Withheld
70,143,398
278,744
99.60%
0.40%
Jay C. Kellerman
For
Withheld
69,844,570
577,572
99.18%
0.82%
Rosalie C. Moore
For
Withheld
70,379,456
42,686
99.94%
0.06%
Rodrigo Sandoval
For
Withheld
70,023,385
398,757
99.43%
0.57%
ITEM 2. APPOINTMENT OF AUDITOR
On a vote by ballot, KPMG LLP, Chartered Public Accountants, were re-appointed as auditors of the
Company.
VOTES FOR
% VOTES FOR
VOTES WITHHELD
% OF VOTES WITHHELD
71,546,098
98.56%
1,041,833
1.44%
ITEM 3. APPROVAL OF UNALLOCATED SHARE UNITS UNDER THE EMPLOYEE SHARE UNIT
PLAN
On a vote by ballot, a resolution was passed whereby the unallocated share units under the Employee
Share Unit Plan were approved and authorized until the date of the Company's annual shareholders'
meeting to be held in 2028.
VOTES FOR
% VOTES FOR
VOTES AGAINST
% OF VOTES AGAINST
67,303,395
95.57%
3,118,747
4.43%
ITEM 4. APPROVAL OF UNALLOCATED RESTRICTED SHARE UNITS AND AMENDMENTS TO
THE RESTRICTED SHARE PLAN
On a vote by ballot, a resolution was passed whereby (i) the unallocated share units under the Restricted
Share Plan were approved and authorized until the date of the Company's annual shareholders' meeting
to be held in 2028, and (ii) the RSU Amendment (as defined in the news release issued by the Company
on May 26, 2025) was approved.
VOTES FOR
% VOTES FOR
VOTES AGAINST
% OF VOTES AGAINST
65,301,189
92.73%
5,120,952
7.27%
ITEM 5.
'SAY ON PAY' EXECUTIVE COMPENSATION
On a vote by ballot, a non-binding advisory resolution was passed accepting the approach to executive
compensation disclosed in the Circular and delivered in advance of the Meeting.
VOTES FOR
% VOTES FOR
VOTES AGAINST
% OF VOTES AGAINST
68,601,647
97.41%
1,820,494
2.59%
The formal report on voting results with respect to all matters voted upon at the Meeting will be filed on
SEDAR+ at
http://www.sedarplus.ca/
.
ABOUT TOREX GOLD RESOURCES INC.
Torex Gold Resources Inc. is an intermediate gold producer based in Canada, engaged in the
exploration, development, and operation of its 100% owned Morelos Property, an area of 29,000
hectares in the highly prospective Guerrero Gold Belt located 180 kilometres southwest of Mexico City.
The Company's principal asset is the Morelos Complex, which includes the producing Media Luna
Underground, ELG Underground, and ELG Open Pit mines, the development stage EPO Underground
Project, a processing plant, and related infrastructure. Commercial production from the Morelos
Complex commenced on April 1, 2016 and an updated Technical Report for the Morelos Complex was
released in March 2022.
Torex's key strategic objectives are: deliver Media Luna to full production and build EPO; optimize
Morelos production and costs; grow reserves and resources; disciplined growth and capital allocation;
retain and attract best industry talent; and industry leader in responsible mining. In addition to realizing
the full potential of the Morelos Property, the Company is seeking opportunities to acquire assets that
enable diversification and deliver value to shareholders.
FOR FURTHER INFORMATION, PLEASE CONTACT:
TOREX GOLD RESOURCES INC.
Jody Kuzenko
President and CEO
Direct: (647) 725-9982
Dan Rollins
Senior Vice President, Corporate Development & Investor Relations
Direct: (647) 260-1503
CAUTIONARY NOTES ON FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities
legislation. Forward-looking information also includes but is not limited to the Company's strategic objectives to deliver Media Luna to full production
and build EPO; optimize Morelos production and costs; grow reserves and resources; disciplined growth and capital allocation; retain and attract
best industry talent; and industry leader in responsible mining. Generally, forward-looking information can be identified by the use of forward-looking
terminology such as "continue", "strategy" and "ongoing" or variations of such words. Forward-looking information is subject to known and
unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to
be materially different from those expressed or implied by such forward-looking information, including, without limitation, those risk factors identified
in the Company's annual information form ("AIF") and management's discussion and analysis ("MD&A"). Forward-looking information is based on the
assumptions discussed in the AIF and MD&A and such other reasonable assumptions, estimates, analysis and opinions of management made in light
of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant
and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results
not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The
Company does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise,
except as may be required by applicable securities laws.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/256046