TRX Gold Achieves Record Q2 Gold Production of 7,453 Ounces
In Q2, the company achieved record quarterly production of 7,453 ounces of gold, a 13% increase in production over Q1 and sold approximately 7,400 ounces of gold, also a record for the company. During Q2, the company also has benefited from a record average market price for gold of approximately $4,682 per ounce, a 21% increase over the company's Q1 average realized price per ounce of gold. Revenue is expected to be significantly higher in Q2 than in Q1. Stephen Mullowney, TRX Gold CEO commented: "We're very pleased with the positive trajectory and record gold production achieved at Buckreef Gold this quarter as the company continued to benefit from access to higher grade ore and improved mill recoveries following our recent process plant upgrades. The record production and leverage to record gold price levels enabled the company to continue to strengthen its working capital position in Q2 2026, while continuing to invest in the future growth and development of Buckreef Gold. We are now on a significant growth trajectory, and things are getting really exciting! We are anticipating growth in production and resources over time as we continue to execute our plant expansion, increase exploration and evaluate implementation of an optimized mine plan as a result of higher gold prices. We will now be undertaking these activities with a clean capital structure, well capitalized balance sheet and very low debt levels."
