TRX Gold Stock Price, News & Analysis

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.

Tanzanian Gold Corporation (NYSE American: TRX) is advancing the Buckreef Gold Project in Tanzania, focusing on production expansion and exploration. The company is set to participate in a virtual fireside chat on May 13, 2021, hosted by Alliance Global Partners. The Buckreef Project now boasts a measured mineral resource of 19.98MT at 1.99g/t for 1,281,161 ounces of gold. The company aims to increase annual gold production to 15,000 - 20,000 ounces and is conducting extensive drilling to enhance its mineral resource base.

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.