Welcome to our dedicated page for TRX Gold news (Ticker: TRX), a resource for investors and traders seeking the latest updates and insights on TRX Gold stock.
TRX Gold Corp (TRX) provides investors with comprehensive news coverage of its gold exploration and development activities in Tanzania. This centralized resource aggregates official press releases, operational updates, and strategic announcements related to key projects including the Buckreef and Itetemia gold properties.
Users gain access to critical information for tracking corporate developments, including drilling results, resource estimates, and partnership announcements. The curated collection serves analysts and investors seeking to monitor exploration progress, management decisions, and Tanzania-focused mining sector trends.
Content spans project milestones, technical reports, and financial disclosures, all organized for efficient research. Regular updates ensure stakeholders stay informed about operational advancements in this strategically important gold exploration region.
Bookmark this page for direct access to TRX Gold's latest communications and historical announcements. Check back frequently for new developments as the company advances its Tanzanian mineral interests through disciplined exploration programs.
TRX Gold (TRX) has announced significant drill results from its Stamford Bridge Shear Zone, revealing high-grade gold intercepts. Key findings include hole BMDD319 with 21 meters @ 8.63 g/t Au, BMDD320 with 20.50 meters @ 5.14 g/t Au, and BMDD321 with 5 meters @ 2.74 g/t Au.
The Stamford Bridge Zone, located approximately 250m east of the Buckreef Main Zone (which hosts a 2M+ ounce Au Mineral Resource), shows similar geological characteristics to the Main Zone. The new intercepts confirm a mineralized shear zone trending 070 degrees East Northeast, with potential to extend over 1 kilometer. Current reported intersections cover approximately 150m of strike length.
TRX Gold has appointed Richard Boffey as its new Chief Operating Officer (COO), effective immediately. Boffey brings over 35 years of operational experience to the company's Buckreef Gold project. His extensive background includes senior executive positions in multinational mining companies, most recently as General Manager at Tara Resources Brskovo Mine Project in Montenegro.
Boffey's previous roles include COO at Matilda Gold Mine, General Manager positions at Khoemacau Copper Mine and Efemcukuru Gold Mine, and Regional Mining Manager at Barrick Gold He holds a Bachelor of Mining Engineering and is a Member of AusIMM. The company also announced the departure of former COO Andrew Cheatle, who also resigned from his director position.
TRX Gold reported strong year-end 2024 results, achieving annual production of 19,389 ounces of gold and record revenue of $41.2 million. The company recorded gross profit of $17.9 million and operating cashflow of $15.3 million. A significant milestone was the completion of their third plant expansion to 2,000 tonnes per day, funded by $14 million from operations.
The company announced the discovery of a new gold mineralization zone named Stamford Bridge Zone, yielding their best drill results ever. The Q4 2024 performance showed improved metrics with 5,767 ounces of gold production, representing a 25% increase over the previous quarter, and revenue of $13.6 million.
TRX Gold announces exceptional drill results from the Stamford Bridge Shear Zone, with hole BMDD315 intersecting 37 metres @ 6.86 g/t Au from 130m, including 23m @ 9.31 g/t Au from 139m. This represents the best drill hole result in Buckreef Gold's history, extending the zone another 50 meters. The new mineralized shear zone, located approximately 250m east of the Buckreef Main Zone, shows similar geological characteristics to the main deposit which hosts 2M+ ounce Au Mineral Resource. The company is preparing for a geophysical survey campaign covering the Stamford Bridge trend line and surrounding areas to define high-priority targets for future drilling.
TRX Gold has announced its best drill result ever at the Buckreef Gold Project, with hole BMDD310 intersecting 35.5 metres at 5.48 g/t Au from 64m. The company also revealed the discovery of a new gold mineralization shear zone named the 'Stamford Bridge Zone', located approximately 200m east of the Buckreef Main Zone.
Key drill results from the Stamford Bridge Zone include: BMDD310 with 35.5m @ 5.48 g/t Au, BMDD312 with 17.2m @ 3.14 g/t Au, and BMGT001 with multiple significant intersections. The new zone shows similar geological characteristics to the Main Zone and potentially forms a 1-kilometer 'bridge' between the Buckreef Gold Main Zone and the Eastern Porphyry.
TRX Gold (TSX: TRX) (NYSE American: TRX) has announced the completion of a metallurgical variability study at the Buckreef Gold Project, confirming excellent gold recovery rates for sulphide ore processing. The study, focusing on the sulphide ore portion (approximately 90% of the Buckreef Main Zone's 2M+ ounce Au Measured and Indicated Mineral Resources), revealed:
1. Finer grind size leads to higher gold recovery, increasing from 81.2% to 92.5% as grind became finer.
2. Current operational performance aligns with test results, with recovery rates ranging from 79.9% to 87.0%.
3. Opportunities for increasing gold recovery in current operations through finer grinding initiatives.
4. Potential for low-cost, self-funded expansion opportunities and positive outlook for additional Mineral Resources development.
TRX Gold (TSX: TRX) (NYSE American: TRX) has announced the completion of its expanded processing plant at Buckreef Gold, now operational at 2,000 tonnes per day (tpd). The company also reported Q3 2024 results, highlighting:
1. Increased milling capacity: The expanded facility is achieving an average of 1,750 tpd, with a maximum of 1,873 tpd, a 116% increase over Q3 2024.
2. Improved gold production: Weekly gold production has increased to 616 ounces, a 60% increase from Q3 2024 levels.
3. Strong financial performance: Q3 2024 saw revenue of $10.1 million, gross profit of $4.4 million (43% margin), and Adjusted EBITDA of $3.9 million.
4. Positive cash flow: Year-to-date operating cash flow of $9.3 million.
The expansion project was completed on time and on budget at approximately $6.0 million.
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