Welcome to our dedicated page for TRX Gold news (Ticker: TRX), a resource for investors and traders seeking the latest updates and insights on TRX Gold stock.
TRX Gold Corp (TRX) provides investors with comprehensive news coverage of its gold exploration and development activities in Tanzania. This centralized resource aggregates official press releases, operational updates, and strategic announcements related to key projects including the Buckreef and Itetemia gold properties.
Users gain access to critical information for tracking corporate developments, including drilling results, resource estimates, and partnership announcements. The curated collection serves analysts and investors seeking to monitor exploration progress, management decisions, and Tanzania-focused mining sector trends.
Content spans project milestones, technical reports, and financial disclosures, all organized for efficient research. Regular updates ensure stakeholders stay informed about operational advancements in this strategically important gold exploration region.
Bookmark this page for direct access to TRX Gold's latest communications and historical announcements. Check back frequently for new developments as the company advances its Tanzanian mineral interests through disciplined exploration programs.
TRX Gold has announced positive results from a Preliminary Economic Assessment (PEA) for the expansion of its Buckreef Gold Project in Tanzania. The PEA evaluates a plan to expand the process plant to 3,000 tonnes per day and transition from open pit to underground mining over 2-3 years.
Key financial highlights include:
- Base case pre-tax NPV5% of US$701M at consensus gold prices
- Potential upside NPV5% of US$1.2Bn at US$3,000/oz gold
- Average annual production of 62,000 oz gold over 17.6 years
- First five years of underground operation averaging 80,000 oz gold annually
- Life of Mine cash costs of US$1,024/oz and AISC of US$1,206/oz
The expansion requires US$89M in growth capital over four years, including US$55M for underground expansion, US$30M for process improvements, and US$3M for tailings upgrades. The project will process 18.1 million tonnes at 2.14 g/t Au grade with 87% recovery.
TRX Gold reported Q2 2025 results with revenue of $9.1 million (up from $8.0M in Q2 2024) and operating cash flow of $2.0 million. The company achieved a record average realized gold price of $2,739 per ounce, with significantly lower operating costs - mining cost per tonne decreased to $3.90 and processing cost to $15.90.
Gold production was 3,004 ounces in Q2 2025, with sales of 3,401 ounces. Daily production has increased to 50+ ounces in March-April 2025, up from 30 ounces in Q2, with further increases expected. The company completed a scheduled waste stripping campaign and expects to access higher-grade ore blocks in H2 2025.
Notable developments include the discovery of the Stamford Bridge Zone with promising drill results, new credit facilities with Stanbic Bank Tanzania and Auramet, and plans for a larger-scale operation study to be released in H2 2025.
TRX Gold (TSX: TRX) (NYSE American: TRX) has successfully completed its continuance from Alberta to British Columbia, effective March 27, 2025. The transition, which required shareholder approval, was confirmed at the company's annual and special meeting held on February 27, 2025. The company's updated certificate of continuance and articles of incorporation have been made available on SEDAR+.
TRX Gold (TSX: TRX) (NYSE American: TRX) held its Annual General and Special Meeting on February 27, 2025, with a 43.98% shareholder participation rate, representing 123,954,147 common shares. Shareholders approved all proposed items of business.
The company announced the appointment of John McVey to its Board of Directors. McVey brings significant industry experience, having served as CEO of Procon Mining & Tunnelling from 2015 to 2024. His background includes 15 years at Bechtel, where he held positions including Mining & Metals Country Manager for Canada and President of Bantrel.
McVey holds B.A.Sc. and M.A.Sc. degrees in Chemical Engineering from the University of Waterloo and is a licensed professional engineer in Ontario and Alberta. He received his ICD.D designation in 2017 and currently serves on the boards of Fortune Minerals and Arizona Gold & Silver.
TRX Gold has secured multiple financing facilities to strengthen its capital position and accelerate growth. The company announced three key arrangements:
1. A credit agreement with Stanbic Bank Tanzania comprising a $5 million revolving credit facility (12-month tenor) and a $4 million vehicle and asset financing facility (36-month tenor).
2. An unsecured Gold Prepayment Facility with Auramet allowing the sale of up to 1,000 troy ounces of gold bullion on a 21-day revolving basis for one year, potentially providing access to approximately $2.75 million in working capital.
3. A renewed At The Market (ATM) Offering Agreement with H.C. Wainwright and Roth Capital, enabling the company to sell shares worth up to $25 million. This replaces prior facilities worth $20 million that expired in January 2025.
TRX Gold reported Q1 2025 results with significant operational achievements. The company poured 4,841 ounces of gold, generating revenue of $12.5 million (up from $9.4M in Q1 2024) and gross profit of $4.8 million (up from $3.7M). The increase was mainly due to record average realized gold price of $2,653 per ounce.
Processing costs decreased significantly to $12.60 per tonne (down from $26.56) following the expansion to 2,000 tonnes per day capacity. Total ore processed reached 1,703 tpd, a 108% increase from Q1 2024. Mining costs also improved to $4.00 per tonne (from $4.25).
The company announced its best drill results ever at the Stamford Bridge Zone, intersecting 37 meters @ 6.86 g/t Au and 35.5m @ 5.48 g/t Au. This new gold mineralization zone is located 250m east of the Buckreef Gold Main Zone.
TRX Gold (TRX) has announced significant drill results from its Stamford Bridge Shear Zone, revealing high-grade gold intercepts. Key findings include hole BMDD319 with 21 meters @ 8.63 g/t Au, BMDD320 with 20.50 meters @ 5.14 g/t Au, and BMDD321 with 5 meters @ 2.74 g/t Au.
The Stamford Bridge Zone, located approximately 250m east of the Buckreef Main Zone (which hosts a 2M+ ounce Au Mineral Resource), shows similar geological characteristics to the Main Zone. The new intercepts confirm a mineralized shear zone trending 070 degrees East Northeast, with potential to extend over 1 kilometer. Current reported intersections cover approximately 150m of strike length.
TRX Gold has appointed Richard Boffey as its new Chief Operating Officer (COO), effective immediately. Boffey brings over 35 years of operational experience to the company's Buckreef Gold project. His extensive background includes senior executive positions in multinational mining companies, most recently as General Manager at Tara Resources Brskovo Mine Project in Montenegro.
Boffey's previous roles include COO at Matilda Gold Mine, General Manager positions at Khoemacau Copper Mine and Efemcukuru Gold Mine, and Regional Mining Manager at Barrick Gold He holds a Bachelor of Mining Engineering and is a Member of AusIMM. The company also announced the departure of former COO Andrew Cheatle, who also resigned from his director position.
TRX Gold reported strong year-end 2024 results, achieving annual production of 19,389 ounces of gold and record revenue of $41.2 million. The company recorded gross profit of $17.9 million and operating cashflow of $15.3 million. A significant milestone was the completion of their third plant expansion to 2,000 tonnes per day, funded by $14 million from operations.
The company announced the discovery of a new gold mineralization zone named Stamford Bridge Zone, yielding their best drill results ever. The Q4 2024 performance showed improved metrics with 5,767 ounces of gold production, representing a 25% increase over the previous quarter, and revenue of $13.6 million.
TRX Gold announces exceptional drill results from the Stamford Bridge Shear Zone, with hole BMDD315 intersecting 37 metres @ 6.86 g/t Au from 130m, including 23m @ 9.31 g/t Au from 139m. This represents the best drill hole result in Buckreef Gold's history, extending the zone another 50 meters. The new mineralized shear zone, located approximately 250m east of the Buckreef Main Zone, shows similar geological characteristics to the main deposit which hosts 2M+ ounce Au Mineral Resource. The company is preparing for a geophysical survey campaign covering the Stamford Bridge trend line and surrounding areas to define high-priority targets for future drilling.
