Torex Gold Resources soars on record gold price

On September 25, 2026, Torex Gold Resources (TSX:TXG) shares surged 3.87% as gold prices hit an all-time high of $4,322 per ounce.

The broader S&P/TSX Composite index gained a more modest 0.26%, closing at 35,800.89. The rise in Torex's stock was directly tied to the jump in gold prices, which also pushed silver to a 13-year high.

Gold miners tend to see larger percentage gains than the actual price increase due to operating leverage. For companies like Torex, which operates a producing mine in Mexico, higher gold prices translate into higher expected revenue and margins on every ounce sold.