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 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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