Craig Sutherland

Mike Neuhauser

Richard Niehuser

Gregory Weaver

Heiko Ihle

Jacob Sekelsky

Mike Niehuser

Stephen Reiser

- TRX Gold Corporation announced **preliminary Q4 2025 results**, reporting **record quarterly gold production of 6,404 ounces** and **sales of 6,977 ounces**, marking a **37% increase in production over Q3 2025**.  **[1173643_0001171843-25-006339_exh_991.htm:0]** 
- The company achieved a **record average market gold price of approximately $3,350 per ounce** in Q4 2025 and **$2,973 for FY2025**.  **[1173643_0001171843-25-006339_exh_991.htm:0]** 
- TRX Gold significantly **improved its adjusted working capital ratio** to approximately **1.2 on August 31, 2025**, from 0.8 on May 31, 2025, and increased its **cash balance to approximately $7.8 million** while fully **repaying approximately $3.0 million in short-term borrowings**.  **[1173643_0001171843-25-006339_exh_991.htm:0]** 
- The company also reported a substantial increase in its **Run of Mine stockpile** to an estimated **15,162 ounces** of contained gold as of August 31, 2025, and has **commenced expansion and optimization efforts** for its processing plant.  **[1173643_0001171843-25-006339_exh_991.htm:0]**

TRX Gold Announces Preliminary Q4 2025 Results

- TRX Gold Corporation reported **record quarterly production of 6,404 ounces** and **sales of 6,977 ounces of gold** in Q4 2025, marking a **37% increase in production over Q3 2025**.  **[1173643_872259878303425f83ae90cf03df66b1_0]** 
- The company achieved a **record average market gold price realization of approximately $3,350 per ounce** in Q4 2025.  **[1173643_872259878303425f83ae90cf03df66b1_0]** 
- Financial health improved significantly, with the adjusted working capital ratio turning positive from approximately **0.8 to 1.2** between May 31 and August 31, 2025, and the cash balance increasing by approximately **$1.2 million to $7.8 million**.  **[1173643_872259878303425f83ae90cf03df66b1_0]** 
- TRX Gold fully repaid approximately **$3.0 million in short-term borrowings** and expanded its Run of Mine (ROM) stockpile from approximately **9,275 ounces to an estimated 15,162 ounces of contained gold** by August 31, 2025.  **[1173643_872259878303425f83ae90cf03df66b1_0]** 
- The company has initiated the next phase of expansion and optimization, including procurement for near-term plant enhancements and planning for a longer-term expansion to **3,000+ tonnes per day**.  **[1173643_872259878303425f83ae90cf03df66b1_0]**

TRX Gold Announces Preliminary Record Q4 2025 Results

TRX GOLD (TRX)