TRX Gold Corporation - TRX STOCK NEWS

TRX Gold Corporation (TRX) has reported robust production growth for Q2 2023, marking the first full quarter of operations at its newly expanded processing plant at Buckreef Gold. The company achieved record gold production with 5,636 ounces produced and 5,505 ounces sold, resulting in an operating cash flow of $4.8 million. Year-to-date, total gold sold reached 11,258 ounces, with cash costs estimated at $750-$850 per ounce. Financial highlights include revenue of $10.1 million and a gross profit margin of 49%. Further investments were made in infrastructure to support growth, and TRX plans to expand its mill capacity by 75-100% in the near term. CEO Stephen Mullowney emphasized the strong performance and growth potential of the project, which aims to establish Buckreef as a significant gold producer.

TRX Gold Corporation (TSX: TNX, NYSE American: TRX) has announced significant progress on its Buckreef Gold mine development project as of April 11, 2023. Geotechnical fieldwork is complete, optimizing pit slopes for enhanced mining efficiency. Metallurgical studies have also advanced, with 18 drill core samples sent to SGS in South Africa for testing. Results will inform future processing strategies and the potential for sulphide ore processing through existing facilities. The anticipated production for 2023 is projected between 20,000 - 25,000 ounces at cash costs of $750 - $850 per ounce. Upcoming results are expected from the Anfield and Eastern Porphyry zones within weeks. A third mill expansion is under consideration to further increase production capacity.

TRX Gold Corporation (TSX:TNX, NYSE American:TRX) announced preliminary Q2 2023 production of 5,636 ounces of gold, a record for the company, aligning with monthly guidance of 1,600 – 2,000 ounces. Preliminary sales for the same period totaled 5,504 ounces. The Q2 2023 average gold market price was approximately $1,853 per ounce. This production increase reflects the processing plant's full operational capacity since November 2022. The CEO noted ongoing expansion efforts and anticipates further growth within the next year. A detailed report on production and sales is expected in early April 2023.

TRX Gold Corporation has announced the order of a 1,000 tonne per day ball mill for its Buckreef Gold Project, aiming to increase current oxide ore throughput by 75-100%. The mill will be supplied by CSI Energy Group and installation is expected within 60 days. This expansion is anticipated to boost annual gold production beyond the current guidance of 20,000-25,000 ounces, with commissioning planned for early fiscal 2024. Additionally, TRX Gold is enhancing its power supply to accommodate the new milling capacity, maintaining commitments to sustainable practices.

TRX Gold Corporation (TSX: TNX, NYSE American: TRX) held its 2022 Annual General and Special Meeting on February 23, 2023, with 52.29% of shares voted. Shareholders approved all proposed items, including the appointment of Dale Matheson Carr-Hilton Labonte LLP as auditors, with 97.96% support. The meeting set the board at six directors and appointed Stephen Mullowney, among others. CEO Stephen Mullowney expressed satisfaction with shareholder engagement and highlighted plans for growth in 2023. The Buckreef Gold Project contains a measured and indicated mineral resource of 35.88 million tons at 1.77 g/t gold, with significant exploration plans ahead.

TRX Gold Corporation announced record-breaking results for Q1 2023, with a notable increase in production and strong financial performance. The Company reported its highest quarterly gold production at 5,395 ounces and sales of 5,754 ounces, marking a 49% increase compared to Q4 2022. Revenue reached $9.7 million, with a gross profit of $5.3 million and a gross profit margin of 55%. Adjusted EBITDA was reported at $4.4 million, aided by low cash costs of $732 per ounce. TRX Gold also maintains a solid financial position with no debt and $8.9 million in cash. The company anticipates continued growth in production and exploration efforts throughout 2023.

TRX Gold Corporation (TSX: TNX, NYSE American: TRX) reports promising assay results from their Buckreef Gold Main Zone exploration program, extending known mineralization approximately 200 m to the southwest and deeper under the historical South Pit. This extension increases the Main Zone's total strike length to over 2.0 km. Significant intercepts include 34.8 m @ 1.26 g/t Au and 16.5 m @ 2.01 g/t Au. The company plans to continue its exploration efforts throughout 2023, aiming to identify new trends and resources.

TRX Gold Corporation (TSX: TNX, NYSE American: TRX) announced promising results from its 19-hole metallurgical variability sampling program at the Buckreef Gold Main Zone. Significant intersections include:

• 106 m @ 4.19 g/t Au
• 28 m @ 10.68 g/t Au
• 123 m @ 2.69 g/t Au
• 121 m @ 2.96 g/t Au

The results suggest continuity of mineralization and high-grade materials, which could enhance processing efficiency and expansion potential. The company plans to evaluate the existing processing plant's flowsheet, aiming for improved gold recovery rates.

TRX Gold Corporation reported strong results for Q4 and the fiscal year 2022, exceeding gold production expectations. The Buckreef Gold Project achieved a record quarterly gold production of 3,619 ounces, generating $6.0 million in revenue in Q4. The company's gross profit was $4.1 million, with a margin of 69%. Full-year production totaled 8,874 ounces, yielding a gross profit of $9.4 million. The company ended Q4 with $8.5 million in cash and a robust balance sheet, supporting future expansions and exploration initiatives.