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TRX Gold Corp - TRX STOCK NEWS

Welcome to our dedicated news page for TRX Gold (Ticker: TRX), a resource for investors and traders seeking the latest updates and insights on TRX Gold.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TRX Gold's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of TRX Gold's position in the market.

Rhea-AI Summary
TRX Gold expects significant growth with plant expansion nearing completion. The Company reported strong financial results for Q2 2024, including organic growth, operational and financial highlights, and plans for an exploration program. TRX Gold maintained a strong liquidity profile and emphasized health & safety achievements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.38%
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Rhea-AI Summary
TRX Gold (TRX) announces positive voting results from its 2023 Annual General and Special Meeting, with significant shareholder support for key business decisions. The company achieved a high voter turnout and approval for various agenda items, indicating confidence and support from shareholders for future growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.38%
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Rhea-AI Summary
TRX Gold Corporation (TSX: TNX) (NYSE American: TRX) announces that its common shares listed on the Toronto Stock Exchange will begin trading under the symbol 'TRX' effective January 25, 2024, aligning with the US ticker symbol. This change aims to provide better brand alignment within Canadian and US capital markets, requiring no action from shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.78%
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none
Rhea-AI Summary
TRX Gold Corporation reported positive Q1 2024 results, including a strong operating cash flow, gross profit margins, and prudent capital management. The company continues to advance its mill expansion and construction on a significantly expanded tailings storage facility. Fiscal 2024 production guidance remains unchanged, and the expansion to 2,000+ tpd is progressing on schedule. Exploration drilling is expected to begin in the second half of fiscal 2024, and the company achieved zero lost time injuries and no reportable environmental or community-related incidents during Q1 2024.
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News
Rhea-AI Summary
TRX Gold Corporation (TSX:TNX) (NYSE American:TRX) reported record annual gold production of 20,759 ounces, revenue of $38.3 million, operating cash flow of $17.3 million, adjusted EBITDA of $13.7 million, net income of $7.0 million, and gross profit margin of 47% for the year end August 31, 2023. The Company successfully completed a 1,000 tonnes per day mill expansion and plans to procure an additional 1,000 tpd mill for 2024 installation, with continued exploration success and growth ahead.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.76%
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Rhea-AI Summary
TRX Gold Corporation appoints Shubo Rakhit as Chairman of the Board. Rakhit's distinguished career includes leading over $90 billion of M&A transactions and over $100 billion of global capital markets issuance. His appointment is expected to strengthen the company's access to capital markets and strategic direction.
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TRX Gold Corporation achieves 20,000 ounces of gold production and plans to double daily production
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TRX Gold Corporation announces the passing of its founder and Chairman James E. Sinclair
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-2.38%
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Rhea-AI Summary
TRX Gold Corporation announces arrival of new ball mill at Buckreef Gold Project, targeting increased gold production and expansion of processing capacity. Mill expansion highlights include significant increase in gold production, fully funded expansion, proven milling process, and locally sourced manpower and equipment. Market can expect updated production guidance as expansion approaches commercial operation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.7%
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Rhea-AI Summary
TRX Gold Corporation executives invited to present at Denver Gold Group’s 35th Annual Gold Forum
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TRX Gold Corp

NYSE:TRX

TRX Rankings

TRX Stock Data

116.13M
251.38M
2.16%
1.27%
0.13%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Toronto

About TRX

tanzanian gold corporation engages in the exploration and development of mineral property interests in the united republic of tanzania. the company primarily explores for gold deposits. it holds interests in the buckreef gold project located in north-central tanzania; the kigosi project situated within the kigosi-miyabi and ushirombo greenstone belts in northwestern tanzania; and the itetemia gold project located to the southwest of mwanza in northern tanzania. the company was formerly known as tanzanian royalty exploration corporation and changed its name to tanzanian gold corporation in april 2019. tanzanian gold corporation was incorporated in 1990 and is based in vancouver, canada.