TRX Gold Corporation (TSX: TRX) (NYSE American: TRX) reported record results in Q1 2026, pouring 6,597 ounces of gold and generating revenue of $25.1 million. The company sold 6,492 ounces at an average price of $3,860 per ounce. Plans to upgrade and expand the processing plant are underway to improve production. The Company remains on track to achieve its fiscal 2026 production guidance of 25,000 – 30,000 ounces of gold. During Q1 2026, the company made progress on upgrades to the plant and expansion to a 3,000+ tpd processing circuit. The ROM stockpile inventory increased to 22,891 ounces of contained gold. Exploration plans for fiscal 2026 are advancing with a ground magnetic survey completed in October 2025. Metallurgical testwork including gold deportment testing and flotation and concentrate leach optimization was underway in Q1 2026. The Company has a strong health, safety, and environmental track record with zero lost time injuries and no reportable environmental incidents in Q1 2026. Operating and financial data for the three months ended November 30, 2025, show significant increases compared to the prior year period. TRX Gold is a high margin and growing gold company advancing the Buckreef Gold Project in Tanzania. The project includes an established open pit operation and a 2,000 tonnes per day process plant with upside potential demonstrated in the May 2025 PEA. The leadership team is focused on creating shareholder value by increasing gold production and growing Mineral Resources through exploration. The Company has included certain non-IFRS measures in this news release including EBITDA, average realized price per ounce of gold sold, cash cost per ounce of gold sold, and adjusted net income. These measures provide a useful indication of the Company’s operational performance. Forward-looking statements in this press release relate to future events or performance and reflect TRX Gold management’s expectations or beliefs regarding future events. The Company assumes no duty to update such information.
Read more at GlobeNewswire: TRX Gold Reports First Quarter 2026 Results
