TRX Gold Stock Price, News & Analysis

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.

TRX Gold Corporation (TSX:TNX, NYSE American:TRX) reported strong Q3 2022 results, achieving record production, sales, and net income. The company operated its 360 tpd processing plant at full capacity, producing 2,733 ounces of gold at a low cash cost of $508 per ounce. Highlights included a gross margin of 73%, operating cash flow of $2 million, and a 250-meter extension of the Buckreef Gold Main Zone. Additionally, construction on the expanded 1,000+ tpd processing plant is progressing well, with completion expected in Q3 2022.

TRX Gold Corporation has announced preliminary Q3 2022 results, reporting record gold production of 2,733 ounces and sales of 3,033 ounces. This performance surpasses the previous guidance of 750-800 ounces per month. The average gold price during this period was $1,912 per ounce. The company's processing plant is operating at full capacity, with a planned expansion to over 1,000 tpd on track for Q3 2022.

CEO Stephen Mullowney emphasized the strategic focus on organic growth and exploration, indicating ongoing potential at the Buckreef Gold Project.

TRX Gold Corporation reported positive results from its northeast step-out drilling program at the Buckreef Gold Main Zone, extending its strike length by 250 meters to 1.8 kilometers. Key assay results include 28.0 m at 3.27 g/t Au, with a notable 7.0 m at 7.27 g/t Au. The current drilling program has completed 21 holes totaling over 7,415 meters, with plans for an additional 10,000 meters to further explore and upgrade resources. The Buckreef project has over 2 million ounces of gold in measured and indicated resources, signaling significant growth potential.

TRX Gold Corporation (NYSE: TRX, TSX: TNX) has officially changed its name to better reflect its achievements, including the commencement of gold production at the Buckreef Gold Project. The project is expanding its oxide processing plant to over 1,000 tpd, aiming for annual production of 15,000 to 20,000 ounces of gold. Additionally, ongoing drilling aims to expand and convert resources to reserves, while the company maintains a commitment to high ESG standards through various social programs.

Tanzanian Gold Corporation, soon to be known as TRX Gold Corporation, will officially change its name on May 27, 2022, following shareholder approval. The company's common shares will continue to trade under existing ticker symbols, 'TNX' on the TSX and 'TRX' on the NYSE. There will be no need for shareholders to exchange certificates. Additionally, Christina Lalli has been appointed Vice President of Investor Relations, bringing nearly 20 years of industry experience. The company is advancing its Buckreef gold project with significant mineral resources and ongoing exploration initiatives.