TRX Gold Reports Record Q3 Production and Expansion Plans
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 05 2026
0mins
Source: Newsfilter
- Record Production: In Q3 2026, TRX Gold achieved a record processing throughput of 1,833 tonnes per day, a 25% increase from Q3 2025, driving gold production to 7,426 ounces, up 58%, demonstrating strong operational momentum and confidence in meeting full-year guidance.
- Increased Gold Inventory: The gold-in-circuit inventory rose to a record 1,706 ounces in Q3, over 1,000 ounces higher than Q2 2026, which is expected to support Q4 production, reflecting the company's success in maximizing recovery and optimizing processes.
- Record Gold Prices: During Q3, TRX Gold benefited from an average market price of approximately $4,731 per ounce, a 52% increase year-over-year, significantly boosting revenue and enhancing financial performance.
- Expansion Plans Advancing: The company is advancing its processing plant expansion to increase capacity to 3,500 tonnes per day, while significant upgrades to the existing 2,000 tpd plant are underway, expected to greatly enhance future production capacity and support long-term growth strategies.
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Analyst Views on TRX
Wall Street analysts forecast TRX stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.925
Low
1.25
Averages
1.47
High
1.75
Current: 0.925
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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- Price Fluctuation: The stock's 52-week low is $0.3202 per share, with a high of $2.80, and the last trade price is $0.9653, suggesting that despite volatility, there remains potential for upward movement.
- Market Performance Analysis: Although TRX Gold Corp shares are down about 8% on the day, the low RSI may indicate that recent selling pressure is waning, leading investors to seek entry points to capitalize on a potential rebound.
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- Record Production: In Q3 2026, TRX Gold achieved a record processing throughput of 1,833 tonnes per day, a 25% increase from Q3 2025, driving gold production to 7,426 ounces, up 58%, demonstrating strong operational momentum and confidence in meeting full-year guidance.
- Increased Gold Inventory: The gold-in-circuit inventory rose to a record 1,706 ounces in Q3, over 1,000 ounces higher than Q2 2026, which is expected to support Q4 production, reflecting the company's success in maximizing recovery and optimizing processes.
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