TRX Gold Stock Price, News & Analysis

Tanzanian Gold Corporation (NYSE American: TRX) announced plans to expand its Buckreef Gold processing plant to over 1,000 tonnes per day, funded by existing cash resources. The project, estimated at US$4 million, aims to enhance cash flow and support exploration in the Buckreef Main Zone and Anfield Zone. The plant is expected to produce 15,000 – 20,000 ounces of gold annually. The expansion is anticipated to be completed by Q2/Q3 2022, leveraging successful in-house construction methodologies from a previous plant expansion.

The Tanzanian Gold Corporation (TRX) has announced the successful completion of a 360 tonnes per day (tpd) processing plant expansion at Buckreef Gold, aimed at increasing production to 750-800 ounces of gold per month. The project, completed on time and within a budget of $1.3-1.6 million, integrates the existing 120 tpd plant, which achieved a 90% gold recovery rate. Operating cash flow from the new plant is expected to improve financial performance, support exploration efforts, and facilitate a future 1,000+ tpd operation projected to yield 15,000-20,000 ounces annually.

Tanzanian Gold Corporation (NYSE American: TRX) announced its participation in the 2021 Gold Forum Americas from September 12-15, 2021, in Colorado Springs, CO. The company will update attendees on its Buckreef Project, focusing on oxide plant expansion and sulphide development. CEO Stephen Mullowney is set to present on September 14, 2021, at 09:50 MDT, with the presentation available on the company’s website. The Buckreef Project has a significant Mineral Resource of 2,036,280 ounces of gold. TanGold aims to increase annual production to 15,000 - 20,000 ounces from its expanded oxide plant.

Tanzanian Gold Corporation (NYSE American: TRX) announced a consistent achievement of 90% gold recovery at its Buckreef Gold oxide test plant. This marks an improvement over previous recovery rates, with enhanced grindability and retention times contributing to increased confidence in the oxide mine plan. The results, which were obtained from a thorough testing methodology involving multiple samples, underscore the company's focus on maximizing recovery rates, thereby boosting revenue per tonne and lowering costs per gold ounce.

Tanzanian Gold Corporation (NYSE American:TRX) announced participation in the Precious Metals Summit Beaver Creek from September 8-11, 2021. CEO Stephen Mullowney will present on September 9 at 16:15 MDT, providing updates on the oxide plant expansion and the Buckreef Project’s development. The summit connects institutional investors with senior precious metals executives. The Buckreef Project's mineral resources are significant, with measured and indicated resources totaling 2,036,280 ounces of gold. More information is available via the company's website.

Tanzanian Gold Corporation (TSX:TNX, NYSE American:TRX) reported its Q3 2021 results, highlighting a plan to upgrade its oxide test plant from 5 tph to 15 tph to mitigate cash flow issues. The upgrade is set for completion by September/October 2021 and aims to enhance cash flow for reinvestment in exploration and capital expenditures. The company discovered Buckreef West and Anfield Zone, increasing exploration potential. A preliminary metallurgical report supports the advancement of a final feasibility study on the sulphide project. Buckreef Gold reported zero safety incidents during the quarter.

Tanzanian Gold Corporation (NYSE American: TRX) and State Mining Company (STAMICO) have announced a new gold discovery at the Buckreef Gold project, named the Anfield Zone. The discovery includes three parallel gold-bearing structures spanning 2.9 km, located east of the Main Zone. Notable grab sample assays include 37.52 g/t, 28.55 g/t, and 14.42 g/t. Follow-up drilling is planned for 2021-2022. The new find aligns with existing resources, indicating potential for significant gold production from Buckreef Gold.

Tanzanian Gold Corporation (TSX:TNX, NYSE American:TRX) announced positive metallurgical test results for the sulphide component of the Buckreef Gold Mine. SGS Canada completed the initial study, confirming high gold recoveries: MC01 at 94.1%, MC02 at 95.4%, and MC03 at 85.3%. The metallurgical process is straightforward, involving primary grinding and cyanide leaching without detecting any preg-robbing or refractory issues. The gold resource stands at 2,036,280 ounces. The company aims to increase production and advance feasibility studies for a larger sulphide operation.

Tanzanian Gold Corporation has appointed Khalaf Rashid as Senior Vice President, Tanzania, and Managing Director of its subsidiary, Tanzam2000. Rashid brings significant experience in business and government in Tanzania, having previously held senior roles across various sectors. His expertise will aid in aligning operations with Tanzanian mining regulations and driving business growth, particularly at the Buckreef gold project. The company aims to enhance production and explore new investment opportunities, with current mineral resources estimated at over 2 million ounces of gold.