TRX Gold Corp (A:TRX)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 277 Lakeshore Road East, Suite 403 TORONTO ON L6J 6J3 |
| Tel: | N/A |
| Website: | https://www.trxgold.com |
| IR: | See website |
| Key People | ||
| Stephen Mullowney Chief Executive Officer, Director | Michael P. Leonard Chief Financial Officer | Andrew Mark Cheatle Chief Operating Officer, Director |
| Khalaf Rashid Senior Vice President, Tanzania | Christina Lalli Vice President of Investor Relations | |
| Business Overview |
| TRX Gold Corporation is a Canada-based company, which is advancing the Buckreef Gold Project. 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, Anfield, 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 1,000 tons per day processing plant. Its gold development operations include the Sulphide Development Project, in which the sulphide ore encompasses over 90% of the Buckreef Main Zone's two-million-ounce gold measured and indicated mineral resources. The Buckreef Project hosts an NI 43-101 measured and indicated mineral resource of over 35.88 million tons (MT) at 1.77 grams per ton (g/t) gold containing 2,036,280 ounces of gold and an inferred mineral resource of 17.8 MT at 1.11 g/t gold for 635,540 ounces of gold. |
| Financial Overview |
| For the six months ended 29 February 2024, TRX Gold Corp revenues decreased 12% to $17.4M. Net income decreased 63% to $1.9M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Basic Earnings per Share excluding Extraordinary Items decreased from $0.02 to $0.01. |
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