Research analysts covering TRG0.
Recent press releases and 8-K filings for TRG0.
TRX Gold Corporation Reports Record Q1 2026 Results and Provides Operational Updates
TRG0
Earnings
Guidance Update
New Projects/Investments
- TRX Gold Corporation reported record Q1 2026 results, including production of just under 6,600 ounces, revenue of over $25 million, and adjusted EBITDA of over $13 million.
- The company achieved a positive working capital of $15 million with a ratio of 1.7 times and increased its cash position to over $9 million in Q1 2026.
- Full year production guidance for fiscal 2026 remains between 25,000 and 30,000 ounces at a cash cost of $1,400 to $1,600 an ounce.
- TRX Gold is investing in plant upgrades and expansion, having finalized metallurgical test work and planning to tender for a larger SAG mill.
- Exploration plans for 2026 include drilling approximately 40,000 meters and spending between $3 million and $5 million. Negotiations with the Tanzanian government for new agreements are ongoing, with expectations for completion by the end of 2026.
Jan 19, 2026, 3:00 PM
TRX Gold Reports Record Q1 2026 Results and Progresses Expansion Plans
TRG0
Earnings
Guidance Update
New Projects/Investments
- TRX Gold reported record Q1 2026 results, with gold production of just under 6,600 ounces, revenue over $25 million, and adjusted EBITDA over $13 million.
- The company achieved a cash cost of around $1,500 an ounce in Q1 2026 and reaffirmed its fiscal 2026 production guidance of 25,000 to 30,000 ounces at a cash cost of $1,400 to $1,600 an ounce.
- Working capital improved to $15 million positive (1.7 times ratio) with a cash position over $9 million, supporting self-funded plant upgrades and expansion, including a new SAG mill and a life-of-mine tailings facility (TSF-3) expected to take five months to construct.
- TRX Gold plans to drill 40,000 to 60,000 meters for exploration in 2026, following a geophysical study that identified new targets.
Jan 19, 2026, 3:00 PM
TRX Gold Corporation Reports Record Q1 2026 Results and Progresses Expansion Plans
TRG0
Earnings
Guidance Update
New Projects/Investments
- TRX Gold Corporation achieved record Q1 2026 results, with production of just under 6,600 ounces, revenue exceeding $25 million, and adjusted EBITDA over $13 million.
- The company realized a gold price of $3,860 an ounce in Q1 2026 and confirmed its full-year production guidance of 25,000 to 30,000 ounces at a cash cost of $1,400 to $1,600 an ounce.
- Working capital improved significantly to $15 million positive with a ratio of approximately 1.7 times at Q1 2026, and the cash position increased to over $9 million.
- TRX Gold is actively investing in plant upgrades and expansion, with orders placed for key equipment, and plans to conduct 40,000 to 60,000 meters of exploration drilling in 2026.
- Negotiations with the Tanzanian government regarding state participation regulations are ongoing, with the aim of establishing new, more transparent agreements by the end of 2026.
Jan 19, 2026, 3:00 PM
TRX Gold Corporation Reports Record Q4 2025 Results and Provides 2026 Outlook
TRG0
Earnings
Guidance Update
New Projects/Investments
- TRX Gold Corporation achieved a record Q4 2025, producing over 6,400 ounces of gold and selling almost 7,000 ounces at a record realized price of $3,363 per ounce, leading to record revenue, gross profit, net income, operating cash flow, and Adjusted EBITDA.
- For the full year 2025, the company produced just under 19,000 ounces of gold and generated almost $60 million in revenue, with a gross profit of just under $25 million and EBITDA of $22 million.
- The company issued a 2026 outlook, forecasting gold production between 25,000 and 30,000 ounces at a cash cost of $1,400 to $1,600 per ounce, with capital expenditures projected between $15,000 and $20,000.
- TRX Gold is advancing a significant plant expansion, planning a 3,000-ton-a-day sulfide circuit plus a 1,000-ton-a-day oxide transition circuit, with the full expanded plant anticipated to be operational in the first half of FY27.
- The company confirmed it remains unhedged on gold prices and is beginning to consider a stock buyback as part of its capital allocation strategy.
Dec 10, 2025, 2:30 PM
TRX Gold Corporation Reports Record Q4 and Full Year 2025 Results, Provides 2026 Outlook
TRG0
Earnings
Guidance Update
New Projects/Investments
- TRX Gold Corporation achieved a record Q4 2025, producing over 6,400 ounces of gold and selling almost 7,000 ounces at a realized price of $3,363 per ounce, leading to record revenue, gross profit, net income, operating cash flow, and Adjusted EBITDA.
- For the full year 2025, the company produced just under 19,000 ounces of gold, generating almost $60 million in revenue and $22 million in EBITDA.
- The 2026 outlook projects gold production between 25,000 and 30,000 ounces at a cash cost of $1,400 to $1,600 per ounce, with CapEx of $15,000 to $20,000 primarily for plant upgrades and tailings facilities.
- The company is advancing a mill expansion to achieve a 3,000-ton-a-day sulfide circuit and a 1,000-ton-a-day oxide transition circuit by the first half of FY27, funded by cash flow, and is currently unhedged on gold prices.
Dec 10, 2025, 2:30 PM
TRG0 Reports Record Q4 2025 Results and Provides Strong 2026 Outlook
TRG0
Earnings
Guidance Update
New Projects/Investments
- TRG0 achieved a record Q4 2025, producing over 6,400 ounces of gold and selling almost 7,000 ounces at a realized price of $3,363 per ounce, leading to record revenue, gross profit, net income, operating cash flow, and Adjusted EBITDA. For the full year 2025, revenue was almost $60 million with an EBITDA of $22 million.
- The company provided a strong 2026 outlook, forecasting gold production between 25,000 and 30,000 ounces at a cash cost of $1,400 to $1,600 per ounce. Capital expenditure is projected to be between $15,000 and $20,000, primarily for plant upgrades and expansions.
- TRG0 is undertaking a plant expansion to a 3,000-ton-a-day sulfide circuit plus a 1,000-ton-a-day oxide transition circuit, which is expected to be fully operational in the first half of FY27 and will be funded through cash flow.
- Exploration activities are set to resume with owner-owned drill rigs, focusing on the main zone, Stanford Bridge, and Eastern Porphyry, following a geophysics study to identify new drill targets.
- Negotiations are ongoing with the Tanzanian government to convert the existing 45% dilutable joint venture interest to a 16% non-dilutable free-carried interest, with discussions expected to intensify in January 2026. The company is also considering stock buybacks.
Dec 10, 2025, 2:30 PM
Quarterly earnings call transcripts for TRG0.
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