TRX Gold Corp
AMEX:TRX
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
T
|
TRX Gold Corp
AMEX:TRX
|
CA |
|
Cannabis Global, Inc.
OTC:CBGL
|
US |
TRX Gold Corp
TRX Gold Corp. along with its joint venture partner, State Mining Corporation of Tanzania (STAMICO), is building a gold project at Buckreef in Tanzania. The company is headquartered in Toronto, Ontario. The company went IPO on 2001-10-29. The firm is advancing the Buckreef Gold Project. The Buckreef Project comprises five prospects, namely Buckreef, Bingwa, Tembo, Eastern Porphyry and Buziba. The Buckreef Project encompasses three main mineralized zones: Buckreef South, Buckreef Main and Buckreef North. The Buckreef Project is fully licensed for mining and the extraction of gold. The Buckreef Project is located in the Geita District of the Geita Region, south of Lake Victoria, approximately 110 kilometers (km) southwest of the city of Mwanza, Tanzania. The Buckreef is situated approximately 45 km to the west of Bulyanhulu gold mine and approximately 35 km south of Geita mine in north-central Tanzania. The Buckreef Gold Project also contains an Inferred Mineral Resource of 17.8 MT at 1.11g/t gold for 635,540 oz of gold.
TRX Gold Corp. along with its joint venture partner, State Mining Corporation of Tanzania (STAMICO), is building a gold project at Buckreef in Tanzania. The company is headquartered in Toronto, Ontario. The company went IPO on 2001-10-29. The firm is advancing the Buckreef Gold Project. The Buckreef Project comprises five prospects, namely Buckreef, Bingwa, Tembo, Eastern Porphyry and Buziba. The Buckreef Project encompasses three main mineralized zones: Buckreef South, Buckreef Main and Buckreef North. The Buckreef Project is fully licensed for mining and the extraction of gold. The Buckreef Project is located in the Geita District of the Geita Region, south of Lake Victoria, approximately 110 kilometers (km) southwest of the city of Mwanza, Tanzania. The Buckreef is situated approximately 45 km to the west of Bulyanhulu gold mine and approximately 35 km south of Geita mine in north-central Tanzania. The Buckreef Gold Project also contains an Inferred Mineral Resource of 17.8 MT at 1.11g/t gold for 635,540 oz of gold.
Record Quarter: TRX Gold reported record Q1 results, with highest-ever production, revenue, and EBITDA.
Production Surge: Gold production was just under 6,600 ounces, significantly above previous quarters.
Strong Gold Prices: Realized gold price in Q1 was $3,860/oz, with spot prices moving above $4,600/oz since.
Revenue & Margins: Quarterly revenue topped $25 million, with gross profit margins over 50% and adjusted EBITDA above $13 million.
Guidance Reaffirmed: Full-year production guidance remains at 25,000–30,000 ounces, with cash costs between $1,400 and $1,600/oz.
Plant Expansion: Major upgrades and expansion of the Buckreef plant are underway, aiming to boost throughput and recovery.
Balance Sheet Strength: Working capital improved to $15 million (1.7x ratio), with over $9 million in cash.
Exploration Upside: Aggressive drilling planned (40,000–60,000 meters), with promising new targets beyond main zones.
Government Progress: Ongoing negotiations with the Tanzanian government for improved partnership agreements, with optimism for completion in 2026.
