TRX News & Events

In Q3, the company achieved record quarterly processing plant throughput of 1,833 tonnes per day, a 25% increase from the prior-year comparative period. This drove Q3 gold production of 7,426 ounces, up 58% from 4,687 ounces in Q3 2025. Year to date, the company has produced 21,476 ounces of gold and remains on track to meet its full-year production guidance of 25,000-30,000 ounces. During Q3 2026, the company benefited from a record average market price for gold of approximately $4,731 per ounce, a 52% increase over the prior year comparative period. Combined with higher year over year production, revenue is expected to be significantly higher in Q3 than in the prior year comparative period.

In Q3, the company achieved record quarterly processing plant throughput of 1,833 tonnes per day, a 25% increase from the prior-year comparative period. This drove Q3 gold production of 7,426 ounces, up 58% from 4,687 ounces in Q3 2025. Year to date, the company has produced 21,476 ounces of gold and remains on track to meet its full-year production guidance of 25,000-30,000 ounces. During Q3 2026, the company benefited from a record average market price for gold of approximately $4,731 per ounce, a 52% increase over the prior year comparative period. Combined with higher year over year production, revenue is expected to be significantly higher in Q3 than in the prior year comparative period.

Reports Q2 adjusted net income $11.66M vs. ($111K) last year. Reports record 7,453 ounces of gold and sold 7,314 ounces of gold in Q4 at a record average realized price of $4,655 per ounce. CEO Stephen Mullowney commented: "We yet again delivered a record quarter, with 7,453 ounces of gold poured and 7,314 ounces sold during Q2 2026. With an average realized price of $4,655 per ounce of gold, we generated outstanding financial results with revenue of $34.1M, gross profit of $21.1M - 61% margin - and adjusted EBITDA1 of $20.2M - 59% margin -. With a cash balance of $26.0M, undrawn revolving credit lines of over $12.0M, minimal debt and significant run rate adjusted EBITDA - Q2 2026: $20.2M -, we are well positioned to execute on our next plant expansion, which as detailed last week, will incorporate throughput rates for the new 3,500+ tons per day plant and existing, upgraded process plant, providing a significant upgrade in processing capacity versus the 3,000 tpd assumed in the PEA last year. Finally, given all these positive factors, we're reviewing the life-of-mine plan at Buckreef and intend to update the PEA study with an expanded scale. The updated PEA is expected to have vastly improved economics versus last year's PEA which had average annual production of 62,000 ounces over an 18+ year mine life. We look forward to what's ahead for TRX Gold."