TRX Gold Corporation
New York Stock Exchange ArcaCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Stephen Mullowney
- Full Time Employees
- 252
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 277 Lakeshore Road East Oakville ON Canada L6J 6J3
- IPO Date
- May 12, 2005
- CIK
- 0001173643
- Website
- trxgold.com
- Similar Companies
- Business
- TRX Gold Corporation TRX Gold Corporation, formerly Tanzanian Gold Corporation, is a junior gold mining company engaged in the exploration, development, and production of gold mineral properties primarily through its flagship Buckreef Gold Project located in the Geita Region of Tanzania. The company operates an established open-pit mining operation and a processing plant with current capacity of 2,000 tonnes per day following recent expansions; its core activities encompass gold production via open-pit mining methods, ore processing to produce gold bullion, ongoing brownfield and infill exploration drilling across zones including Buckreef Main, Buckreef West, Anfield, Eastern Porphyry, and the newly discovered Stamford Bridge Zone, and metallurgical studies to optimize gold recoveries through finer grind sizes. TRX Gold targets global gold markets, investors, and industrial users, with a Measured and Indicated Mineral Resource of approximately 893,000 ounces of gold and an Inferred Mineral Resource of 726,000 ounces as outlined in its April 2025 Preliminary Economic Assessment, which projects average annual production of 62,000 ounces over 17.6 years at a pre-tax NPV of US$701 million. Founded in 1990 and headquartered in Oakville, Ontario, Canada, TRX Gold conducts all mining operations in Tanzania through its subsidiary Buckreef Gold Limited, adhering to high environmental, social, and governance standards developed over nearly two decades in the region. In recent developments, the company successfully commissioned its third mill expansion to 2,000 tonnes per day in Q4 2024, funded by $14 million in operating cash flow, achieving record annual revenue of $41.2 million, adjusted EBITDA of $15.3 million, and production of 19,389 ounces for fiscal 2024; subsequent to year-end, it reported record Q4 2025 production of 6,404 ounces and initiated plant optimizations per the 2025 PEA, including procurement for enhanced gold recoveries, while announcing its best drill results ever at the Stamford Bridge Zone with intercepts such as 37 meters at 6.86 g/t gold, prompting expanded exploration plans for fiscal 2025. TRX Gold is also advancing early-stage discussions for a potential joint venture with the Tanzanian government to boost jobs, royalties, and taxes, alongside planned waste stripping in H1 2025 to access higher-grade ore for increased H2 production.
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