TRX Gold Stock Price, News & Analysis

TRX Gold Corporation reported strong results for Q4 and the fiscal year 2022, exceeding gold production expectations. The Buckreef Gold Project achieved a record quarterly gold production of 3,619 ounces, generating $6.0 million in revenue in Q4. The company's gross profit was $4.1 million, with a margin of 69%. Full-year production totaled 8,874 ounces, yielding a gross profit of $9.4 million. The company ended Q4 with $8.5 million in cash and a robust balance sheet, supporting future expansions and exploration initiatives.

TRX Gold Corporation (NYSE American:TRX) announced a significant milestone at the Buckreef Gold Project, achieving over one million working hours without lost-time or recordable injury. This accomplishment reflects the company’s commitment to health and safety, with more than 100 employees working round-the-clock. The achievement, reached in 22 months, is attributed to rigorous safety policies and daily health meetings. CEO Stephen Mullowney emphasized that a safe workforce is vital for productivity. TRX Gold aims to maintain a safety-first culture while advancing their gold production plans.

TRX Gold Corporation has announced the declaration of commercial production for its 1,000+ tonne per day processing plant at the Buckreef Gold Mine, effective November 2022. The plant achieved steady state throughput of over 1,000 tpd and gold recoveries surpassing 90% since October 2022. In October, gold production exceeded budget, yielding 2,200 ounces (22% above plan), with recovery rates at 91.1%. The company aims to enhance efficiencies and throughput, while maintaining a strong focus on safety, having achieved this milestone without any lost time injuries.

TRX Gold Corporation (NYSE American: TRX) announces a major expansion of its Buckreef Gold project, ramping up mill capacity from 360 to over 1,000 tonnes per day. This expansion, completed in under a year at a cost of $4 million, is anticipated to produce between 15,000-20,000 ounces of gold annually. The company's low-cost, high-margin operations aim to generate positive cash flow for further exploration and development. CEO Stephen Mullowney praised the team’s efforts, highlighting the project's growth potential and its positive cash flow status.

TRX Gold Corporation has announced its preliminary Q4 2022 gold production results, achieving 3,619 ounces, exceeding its guidance of 750-800 ounces per month. For the full year, the company produced 8,874 ounces of gold and recorded sales of 8,598 ounces. The average gold price for Q4 was US$1,778 per ounce. Additionally, TRX Gold is advancing its 1,000+ tonne per day oxide mill expansion, with staged commissioning underway and full commissioning expected soon, which aims to enhance production capacity and efficiency.

TRX Gold Corporation (NYSE American: TRX) will participate in the H.C. Wainwright 24th Annual Global Investment Conference in NYC from September 12-14, 2022, and the Precious Metals Summit in Colorado from September 13-16, 2022. Management aims to meet investors to discuss progress on the Buckreef Gold oxide processing plant, sulphide development, and a 10,000-meter exploration drilling campaign.

Upcoming events details are available on their corporate website, with a resource base of 2,036,280 oz of gold from their Buckreef project.

TRX Gold Corporation (TSX:TNX) announced a pre-paid gold purchase agreement with OCIM Metals & Mining SA worth US$5 million. This financing includes an upfront tranche of $2.5 million and allows further funds to be drawn over 18 months. The proceeds will enable Buckreef Gold to acquire mining equipment and expedite exploration programs, enhancing productivity and reducing costs. The construction of a 1,000+ tonne per day processing plant is on schedule for completion in Q3 2022, with a capital cost of $4 million, remaining within budget.

TRX Gold Corporation has announced promising assay results from the northeast drilling at the Buckreef Gold Main Zone. The extension now measures 300 meters, with a total strike length of 2.0 km. Recent drilling highlights include intersections of 12.27 m at 1.90 g/t Au and 4.50 m at 1.96 g/t Au. The company is ramping up gold production and exploring new areas, including the South Pit. With a resource estimate of 2.0 million ounces of gold, TRX Gold aims to create shareholder value through its ongoing exploration program and upcoming processing plant expansion.

TRX Gold Corporation (TSX: TNX) (NYSE American: TRX) invites shareholders to a live investor conference call on July 27, 2022, from 3:00 PM to 4:00 PM ET. Participants can join via a provided web link. The call will include a Q&A session for interaction with TRX Gold's executive team.

The company is progressing its Buckreef Gold Project, which has a mineral resource of 2,036,280 oz of gold in the Measured and Indicated category. TRX Gold aims to enhance shareholder value through increased gold production and exploration activities in Tanzania.