TXG:CC - Torex to Acquire Prime Mining in US$449 Million Deal, Expands Mexican Gold-Silver Portfolio
2025-07-28 16:08:38 ET
Torex Gold (TSX:TXG,OTCQX:TORXF) is acquiring Prime Mining (TSX:PRYM,OTCQX:PRYM) in an all-share deal worth US$449 million, gaining full control of the Los Reyes gold-silver project in Mexico as it builds out an Americas-focused mining portfolio.
Under the terms of the deal, Torex will gain 100 percent ownership of Prime’s Los Reyes project in Sinaloa, an advanced-stage gold-silver asset with indicated resources of 1.5 million ounces of gold and 54 million ounces of silver, and inferred resources of 538,000 ounces of gold and 21.6 million ounces of silver.
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Torex to Acquire Prime Mining in US$449 Million Deal, Expands Mexican Gold-Silver Portfolio