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 Corporation (TRX) has reported robust production growth for Q2 2023, marking the first full quarter of operations at its newly expanded processing plant at Buckreef Gold. The company achieved record gold production with 5,636 ounces produced and 5,505 ounces sold, resulting in an operating cash flow of $4.8 million. Year-to-date, total gold sold reached 11,258 ounces, with cash costs estimated at $750-$850 per ounce. Financial highlights include revenue of $10.1 million and a gross profit margin of 49%. Further investments were made in infrastructure to support growth, and TRX plans to expand its mill capacity by 75-100% in the near term. CEO Stephen Mullowney emphasized the strong performance and growth potential of the project, which aims to establish Buckreef as a significant gold producer.
TRX Gold Corporation (TSX: TNX, NYSE American: TRX) has announced significant progress on its Buckreef Gold mine development project as of April 11, 2023. Geotechnical fieldwork is complete, optimizing pit slopes for enhanced mining efficiency. Metallurgical studies have also advanced, with 18 drill core samples sent to SGS in South Africa for testing. Results will inform future processing strategies and the potential for sulphide ore processing through existing facilities. The anticipated production for 2023 is projected between 20,000 - 25,000 ounces at cash costs of $750 - $850 per ounce. Upcoming results are expected from the Anfield and Eastern Porphyry zones within weeks. A third mill expansion is under consideration to further increase production capacity.
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