TRX Gold Stock Price, News & Analysis

TRX Gold (TSX: TRX / NYSE American: TRX) announced an expansion and upgrade of the Buckreef Gold processing plant to a combined 3,000+ TPD sulphide circuit and a 1,000 TPD oxide/transition/tailings circuit, integrated into the existing 2,000 TPD plant for an estimated capital cost of approximately US$30 million. The company says the work will be financed from internally generated cashflow over the next 18–24 months and is expected to lift average annual gold production above the ~62,000 oz noted in the May 27, 2025 PEA. Key milestones include a pre-leach thickener 95% complete, shipping December 2025, flotation and grind contracts to be awarded November 2025, and phased completion with overall plant upgrades targeted in fiscal 2026 and full circuits in fiscal 2027.

TRX Gold (TSX: TRX, NYSE American: TRX) reported preliminary Q4 2025 results showing record quarterly production and sales with 6,404 oz produced and 6,977 oz sold, a 37% increase in production vs Q3 2025. The company realized an average gold market price of about $3,350/oz in Q4 2025 and $2,973/oz for fiscal 2025.

Liquidity improved: adjusted working capital ratio rose from ~0.8 (May 31, 2025) to ~1.2 (Aug 31, 2025), cash was ~$7.8M, net cash up ~$1.2M, and short-term borrowings of ~$3.0M were fully repaid. ROM stockpile grew to 15,162 oz contained gold. Plant expansion and optimization work to reach 3,000+ tpd is underway.

TRX Gold Corporation (NYSE: TRX) reported strong Q3 2025 results, with revenue of $12.5 million and net income of $1.1 million. The company poured 4,687 ounces of gold during Q3, selling at a record average price of $3,114 per ounce.

Key operational highlights include lower mining costs of $3.63 per tonne and processing costs of $14.60 per tonne. The company's working capital position improved from negative $3.3 million to positive $3.9 million post-quarter. Production increased from 30 ounces per day in Q2 to 50 ounces per day in Q3, with current production at 75 ounces per day.

A new Preliminary Economic Assessment projects average annual production of 62,000 ounces over a 17.6-year mine life, with an after-tax NPV5% of $0.8 billion at $3,000 per gold ounce.

TRX Gold has filed a NI 43-101 Technical Report detailing a Preliminary Economic Assessment (PEA) for its Buckreef Gold Project in Tanzania. The PEA outlines a significant expansion plan including: upgrading the process plant to 3,000 tonnes per day and transitioning from open pit to underground mining. The project shows a base case NPV5% of $701M pre-tax ($442M after-tax) at consensus gold prices, with potential to reach $1.18B pre-tax ($766M after-tax) at $3,000/oz gold. Over the 17.6-year mine life, average gold production is projected at 62,000 oz annually, increasing to 80,000 oz in the first five years of underground operations. The expansion requires $89M in growth capital over four years, with anticipated cash costs of $1,024/oz and AISC of $1,206/oz. The project benefits from existing infrastructure and could achieve underground production within 3 years.

TRX Gold has announced positive results from a Preliminary Economic Assessment (PEA) for the expansion of its Buckreef Gold Project in Tanzania. The PEA evaluates a plan to expand the process plant to 3,000 tonnes per day and transition from open pit to underground mining over 2-3 years.

Key financial highlights include:

• Base case pre-tax NPV5% of US$701M at consensus gold prices
• Potential upside NPV5% of US$1.2Bn at US$3,000/oz gold
• Average annual production of 62,000 oz gold over 17.6 years
• First five years of underground operation averaging 80,000 oz gold annually
• Life of Mine cash costs of US$1,024/oz and AISC of US$1,206/oz

The expansion requires US$89M in growth capital over four years, including US$55M for underground expansion, US$30M for process improvements, and US$3M for tailings upgrades. The project will process 18.1 million tonnes at 2.14 g/t Au grade with 87% recovery.

TRX Gold reported Q2 2025 results with revenue of $9.1 million (up from $8.0M in Q2 2024) and operating cash flow of $2.0 million. The company achieved a record average realized gold price of $2,739 per ounce, with significantly lower operating costs - mining cost per tonne decreased to $3.90 and processing cost to $15.90.

Gold production was 3,004 ounces in Q2 2025, with sales of 3,401 ounces. Daily production has increased to 50+ ounces in March-April 2025, up from 30 ounces in Q2, with further increases expected. The company completed a scheduled waste stripping campaign and expects to access higher-grade ore blocks in H2 2025.

Notable developments include the discovery of the Stamford Bridge Zone with promising drill results, new credit facilities with Stanbic Bank Tanzania and Auramet, and plans for a larger-scale operation study to be released in H2 2025.

TRX Gold (TSX: TRX) (NYSE American: TRX) has successfully completed its continuance from Alberta to British Columbia, effective March 27, 2025. The transition, which required shareholder approval, was confirmed at the company's annual and special meeting held on February 27, 2025. The company's updated certificate of continuance and articles of incorporation have been made available on SEDAR+.

TRX Gold (TSX: TRX) (NYSE American: TRX) held its Annual General and Special Meeting on February 27, 2025, with a 43.98% shareholder participation rate, representing 123,954,147 common shares. Shareholders approved all proposed items of business.

The company announced the appointment of John McVey to its Board of Directors. McVey brings significant industry experience, having served as CEO of Procon Mining & Tunnelling from 2015 to 2024. His background includes 15 years at Bechtel, where he held positions including Mining & Metals Country Manager for Canada and President of Bantrel.

McVey holds B.A.Sc. and M.A.Sc. degrees in Chemical Engineering from the University of Waterloo and is a licensed professional engineer in Ontario and Alberta. He received his ICD.D designation in 2017 and currently serves on the boards of Fortune Minerals and Arizona Gold & Silver.

TRX Gold has secured multiple financing facilities to strengthen its capital position and accelerate growth. The company announced three key arrangements:

1. A credit agreement with Stanbic Bank Tanzania comprising a $5 million revolving credit facility (12-month tenor) and a $4 million vehicle and asset financing facility (36-month tenor).

2. An unsecured Gold Prepayment Facility with Auramet allowing the sale of up to 1,000 troy ounces of gold bullion on a 21-day revolving basis for one year, potentially providing access to approximately $2.75 million in working capital.

3. A renewed At The Market (ATM) Offering Agreement with H.C. Wainwright and Roth Capital, enabling the company to sell shares worth up to $25 million. This replaces prior facilities worth $20 million that expired in January 2025.