TRX Gold Stock Price, News & Analysis

Tanzanian Gold Corporation (NYSE American: TRX) has announced promising results from its exploration program at the Buckreef West Shear Zone in Tanzania, revealing a 400-meter near vertical shear zone with open gold mineralization. Notable intercepts include 4.57m @ 6.4 g/t Au and 5.57m @ 4.95 g/t Au. Continued exploration aims to further assess both oxide and sulphide potential, with the goal of expanding gold resources. Current Measured and Indicated Mineral Resources total 35.88MT at 1.77 g/t gold, containing over 2 million ounces of gold.

Tanzanian Gold Corporation (NYSE American: TRX) has announced the retirement of founder James E. Sinclair as Executive Chairman, marking a significant transition in leadership while he continues as Chairman of the Board. Sinclair, known as 'Mr. Gold', is celebrated for his influential role in the gold market and the successful establishment of the Bulyanhulu Mine. The company is focused on advancing its Buckreef Project, which boasts a combined measured and indicated resource of over 2 million ounces of gold. Sinclair expressed confidence in the new management team as they pursue future growth.

Tanzanian Gold Corporation (NYSE American: TRX) reported significant advancements in its Q2 2021 results, highlighted by the successful raising of USD $24.4 million, enhancing liquidity and net working capital. The company operated its test oxide plant, producing 285.9 ounces of gold, while targeting future production of 15,000 - 20,000 ounces annually. Positive metallurgical test results were announced, and exploration efforts continued to yield promising results at the Buckreef Project. Key management appointments were made to strengthen operations and financial strategies.

Tanzanian Gold Corporation (NYSE American:TRX) expresses deep condolences following the loss of H.E. President John P. Magufuli of Tanzania. Recognized globally for his visionary leadership and high ethical standards, President Magufuli was instrumental in reforming government and business practices in Tanzania. Stephen Mullowney, CEO, emphasized the personal impact of this loss, especially near their joint-venture site at the Buckreef Gold Project. The company's leadership reflects on his legacy, highlighting his commitment to the people and the country.

Tanzanian Gold Corporation (NYSE American: TRX) has appointed Shubo Rakhit, CPA, CA, to its Board of Directors. Rakhit brings over 30 years of corporate finance experience, having managed over $80 billion in M&A transactions and $100 billion in global capital markets issuance. His expertise is expected to enhance the company’s access to capital during significant growth phases. The Buckreef Project is on track with a mineral resource of approximately 2.036 million ounces of gold, underlining the company's proactive steps in gold production expansion and feasibility studies.

Tanzanian Gold Corporation (TSX:TNX, NYSE American:TRX) announced management changes at Buckreef Gold Company Ltd., appointing Isaac Bisansaba and Gaston Mujwahuzi as Co-Acting General Managers. Their combined experience of over 36 years in the gold mining industry will focus on enhancing mining and processing operations. The company is also updating its board to align with new management goals. The Buckreef Project features significant mineral resources, including a combined total of 2,036,280 ounces of gold. The company aims to strengthen its balance sheet through increased production and feasibility studies.

Tanzanian Gold Corporation (NYSE American: TRX) has appointed Michael P. Leonard as its Chief Financial Officer. Leonard, a CPA with over 17 years of experience at Barrick Gold, will enhance the company’s financial strategies and controls. His background in global investor relations is expected to strengthen market transparency and long-term planning. The company is focused on advancing its Buckreef gold project, which has a combined mineral resource of over 2 million ounces of gold. The strategic direction aims at increasing production and exploring new prospects.

Tanzanian Gold Corporation (TRX) announces favorable metallurgical test results from the sulphide component of the Buckreef Gold Mine. Conducted by SGS Canada, the tests include three diamond drill cores showing gold recovery rates of up to 95.4%. SGS is now tasked with further metallurgical variability testing. Initial results suggest a simple yet effective processing flow for high-grade ores. The Buckreef project's measured and indicated mineral resources total approximately 2.04 million ounces of gold, indicating significant potential for future production.

Tanzanian Gold Corporation (NYSE American: TRX) issued a clarification regarding exploration targets in a press release following a review by the British Columbia Securities Commission. The previous disclosure was replaced with updated figures for Northest Extension and Main Zone, highlighting potential tonnage and grade. The company holds a measured mineral resource of 19.98MT at 1.99g/t gold, totaling 1,281,161 ounces. Tanzanian Gold is advancing three value-creation tracks, including enhancing production and conducting a drilling program to explore mineral resources.