Torex Reports Record Quarterly Gold Production

(All amounts expressed in U.S. Dollars unless otherwise stated)

TORONTO, July 09, 2019 (GLOBE NEWSWIRE) -- Torex Gold Resources Inc. (the “Company” or “Torex”) (TXG.TO) reports Q2 2019 gold production of 113,600 ounces, approximately 12% higher than the previous quarterly production record set in Q3 2018. During the second quarter, 113,400 ounces of gold was sold at an average realized price of $1,313 per ounce, resulting in H1 2019 gold sales of over 189,800 ounces at an average realized price of $1,309 per ounce.

With the quarterly production result, the Company reiterates full year sales guidance of 430,000 ounces (+/- 7%). As originally stated within the January 10, 2019 press release, full year sales guidance is weighted towards the second half of 2019.

Q2 2019 Operational Highlights:

• Gold produced totaled 113,600 ounces
• Plant throughput averaged 11,670 tpd
• Underground ore production averaged 1,280 tpd
• Open pit ore production averaged 18,600 tpd
• Open pit strip ratio was 6.8:1

After reconciliations have been completed, gold grades mined, gold grades processed, and gold recoveries will be reported with the Q2 2019 financial results.