TRX Gold Achieves Record Q2 Gold Production of 7,453 Ounces
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 19 hours ago
0mins
Should l Buy TRX?
In Q2, the company achieved record quarterly production of 7,453 ounces of gold, a 13% increase in production over Q1 and sold approximately 7,400 ounces of gold, also a record for the company. During Q2, the company also has benefited from a record average market price for gold of approximately $4,682 per ounce, a 21% increase over the company's Q1 average realized price per ounce of gold. Revenue is expected to be significantly higher in Q2 than in Q1. Stephen Mullowney, TRX Gold CEO commented: "We're very pleased with the positive trajectory and record gold production achieved at Buckreef Gold this quarter as the company continued to benefit from access to higher grade ore and improved mill recoveries following our recent process plant upgrades. The record production and leverage to record gold price levels enabled the company to continue to strengthen its working capital position in Q2 2026, while continuing to invest in the future growth and development of Buckreef Gold. We are now on a significant growth trajectory, and things are getting really exciting! We are anticipating growth in production and resources over time as we continue to execute our plant expansion, increase exploration and evaluate implementation of an optimized mine plan as a result of higher gold prices. We will now be undertaking these activities with a clean capital structure, well capitalized balance sheet and very low debt levels."
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Analyst Views on TRX
Wall Street analysts forecast TRX stock price to fall
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 1.810
Low
1.25
Averages
1.47
High
1.75
Current: 1.810
Low
1.25
Averages
1.47
High
1.75
About TRX
TRX Gold Corporation is a Canada-based gold company advancing the Buckreef Gold Project in Tanzania. The Company is engaged in the exploration, development and production of mineral property interests in the United Republic of Tanzania. The Buckreef Project's prospects include Buckreef, Bingwa, Tembo, Eastern Porphyry and Buziba. The Buckreef Project encompasses three main mineralized zones: Buckreef South, Buckreef Main and Buckreef North. The Company produces gold at its 2,000 tons per day processing plant. The Buckreef Gold Project hosts a Measured and Indicated Mineral Resource of 10.8 million tonnes (MT) at 2.57 grams per tonne (g/t) gold containing 893,000 ounces (oz) of gold and an Inferred Mineral Resource of 9.1 MT at 2.47 g/t gold for 726,000 oz of gold. Its Eastern Porphyry and Anfield zones are located approximately 250 m to 700 metres (m) east of the Buckreef Main Zone.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Gold Price Dependency: The rise in TRX Gold's stock price is closely tied to gold prices; if gold prices decline, the stock is likely to follow suit, necessitating careful risk assessment by investors regarding market volatility.
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