TORONTO, May 27, 2025 (GLOBE NEWSWIRE) -- RX Gold Corporation (TSX: TRX) (NYSE American: TRX) (the “Company” or “TRX Gold”) has filed on SEDAR+ a Technical Report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) on the Buckreef Gold Project (“Buckreef Gold”), titled Preliminary Economic Assessment and Updated Mineral Resource Estimate of the Buckreef Gold Mine Project, Tanzania (“PEA”). The PEA supports disclosure made by the Company in its ...

CORPORATE PRESENTATION Positioned for Next Phase of Growth: Q2 F2025 Results & PEA Summary NYSE-A: TRX / TSX: TRX TRXGOLD.COM JULY 2024 NYSE-A: TRX / TSX: TRX TRXGOLD.COM APRIL 2025 DISCLAIMER TRX Gold Corporation ("TRX Gold" or the "Company"), has taken all reasonable care in producing and publishing information contained in this presentation. TRX Gold does not warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information in ...

Equity Insider News Commentary Issued on behalf of Lake Victoria Gold Ltd. VANCOUVER, BC., April 23, 2025 /PRNewswire/ -- Equity Insider News Commentary – If you thought that gold prices setting new records was enough to keep the bulls happy, think again. Now a gold analyst backed by an endorsement from Canadian billionaire mining investor Eric Sprott is predicting a "once-in-a-generation" bull run for mining stocks. Gold stock analyst Don Durrett believes gold equities are "unbelievably mispriced" in curre ...

Pre-tax NPV5% of US$701M at US$2,296/ozIncreasing to US$1.2Bn at US$3,000/oz TORONTO, April 22, 2025 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX: TRX) (NYSE American: TRX) (the “Company” or “TRX Gold”) is pleased to announce positive results of a Preliminary Economic Assessment (the “PEA”) on the expansion of its Buckreef Gold Project (“Buckreef Gold”) in Tanzania. The PEA evaluated the following scenario: (i) an expansion and upgrade of the existing process plant at Buckreef Gold to 3,000 tonnes per day ...

Core Viewpoint - TRX Gold Corporation reported strong financial results for Q2 2025, driven by record gold prices and improved operational efficiencies, setting the stage for future growth and exploration opportunities [3][5][11]. Financial Performance - In Q2 2025, TRX Gold generated revenue of $9.1 million, up from $8.0 million in Q2 2024, and operating cash flow increased to $2.0 million from $1.0 million [3][5]. - Year-to-date revenue for F2025 reached $21.6 million, compared to $17.4 million in H1 2024, with Adjusted EBITDA of $5.4 million, slightly higher than $5.2 million in the prior year [3][5]. - The average realized gold price in Q2 2025 was $2,739 per ounce, significantly higher than $2,026 per ounce in Q2 2024 [3][21]. Cost Management - Mining costs per tonne decreased to $3.90 in Q2 2025 from $4.10 in Q2 2024, while processing costs dropped to $15.90 from $24.97 per tonne, attributed to economies of scale from the expanded processing plant [3][5]. - The company expects further reductions in operating costs as it continues to optimize its operations [5]. Production Outlook - Gold production in Q2 2025 was 3,004 ounces, down from 4,067 ounces in Q2 2024, due to accessing lower grade ore blocks as part of a waste stripping campaign [3][5]. - The company anticipates increased production in H2 2025 as it begins to access higher grade ore blocks, with daily production rising to approximately 50+ ounces in March and April 2025 [3][5]. Expansion and Exploration - TRX Gold is developing a larger-scale Buckreef Gold operation, focusing on mill expansions, efficiency improvements, and exploration drilling, particularly at the promising Stamford Bridge Zone [3][5][11]. - The company reported its best drill results ever at Stamford Bridge, with significant gold mineralization identified, which is now a priority for exploration [3][4]. Liquidity and Financing - TRX Gold entered into a $5 million revolving credit facility and a $4 million vehicle and asset financing facility with Stanbic Bank, along with a Gold Prepayment Facility with Auramet [7]. - The company renewed its At The Market Offering Agreement, allowing it to raise up to $25 million through common share sales, enhancing its liquidity and financial flexibility [7]. Leadership and Governance - The company appointed John McVey to its Board of Directors, bringing extensive experience in underground mine development and engineering, which will support the next phase of Buckreef Gold's expansion [7].

TRX Gold (TRX) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.01. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -200%. A quarter ago, it was expected that this mineral resource company would post earnings of $0.01 per share when it actually produced break-even earnings, delivering a surprise of -100%.Over the last four quarters, the company has ...

TORONTO, March 31, 2025 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX:TRX) (NYSE:TRX) (the "Company" or "TRX Gold") is pleased to announce that further to the Company having received the necessary approval of its shareholders at the Company's annual and special meeting of shareholders held on February 27, 2025, the Company has successfully completed its continuance, effective March 27, 2025, from the jurisdiction of the Province of Alberta into the Province of British Columbia under the Business Corporation ...

Core Points - TRX Gold Corporation held its Annual General and Special Meeting on February 27, 2025, with 123,954,147 common shares voted, representing 43.98% of the issued and outstanding shares [1] - All items of business were approved by shareholders, including the appointment of five directors and the renewal of the Omnibus Equity Incentive Plan [1] - John McVey was welcomed as a new member of the Board of Directors, bringing extensive experience in engineering and construction [1][2] Voting Results - The number of directors was set at five, with 121,582,773 votes in favor (98.09%) and 2,371,374 against (1.91%) [1] - Stephen Mullowney was appointed as a director with 121,454,345 votes in favor (98.26%) [1] - Dr. Norman Betts received 84,511,871 votes in favor (97.92%) for his appointment as a director [1] - Shubo Rakhit was appointed as a director with 84,338,957 votes in favor (97.72%) [1] - Richard J. Steinberg received 83,862,461 votes in favor (97.17%) for his appointment [1] - John McVey was appointed as a director with 84,534,226 votes in favor (97.94%) [1] - The appointment of Dale Matheson Carr-Hilton Labonte LLP as auditors was approved with 121,526,104 votes in favor (98.04%) [1] - The renewal of the Company's Omnibus Equity Incentive Plan was approved with 87.85% in favor [1] - The continuance to the jurisdiction of British Columbia was approved with 96.48% in favor [1] Company Overview - TRX Gold is advancing the Buckreef Gold Project, which has a Measured and Indicated Mineral Resource of 35.88 million tonnes at 1.77 grams per tonne gold, containing 2,036,280 ounces of gold [3] - The Inferred Mineral Resource is 17.8 million tonnes at 1.11 grams per tonne gold, containing 635,540 ounces of gold [3] - The leadership team aims to increase gold production to generate positive cash flow for exploratory drilling and project development [3] - The company adheres to high environmental, social, and corporate governance standards, particularly in the Geita Region, Tanzania [3]

Core Viewpoint - TRX Gold Corporation has secured new financing agreements to enhance its capital access and financial flexibility, which will support its growth initiatives in the short to medium term [1][13]. Financing Agreements - Buckreef Gold Limited has entered into a $5 million revolving credit facility and a $4 million vehicle and asset financing facility with Stanbic Bank Tanzania, providing supplementary liquidity for working capital [2][3]. - The revolving credit facility has a maximum tenor of twelve months, while the vehicle and asset financing facility has a maximum tenor of thirty-six months [2]. - Buckreef Gold has also established a Gold Prepayment Facility with Auramet, allowing the sale of up to 1,000 troy ounces of gold, potentially providing approximately $2.75 million for working capital [6][7]. At The Market Offering Agreement - The Company renewed its At The Market Offering Agreement with H.C. Wainwright & Co. and Roth Capital, allowing it to offer common shares with an aggregate offering price of up to $25 million [8][11]. - This renewed facility replaces a prior $10 million ATM facility and a $10 million purchase agreement that expired in January 2025 [8][11]. Strategic Implications - The new financing arrangements are expected to provide TRX Gold with increased financial flexibility to manage working capital fluctuations and accelerate growth [1][13]. - The CEO highlighted the importance of these facilities in supporting the transition from a small test plant operation to a larger commercial operation [13].

Financial Data and Key Metrics Changes - TRX Gold Corporation reported its Q1 2025 results, with specific financial metrics to be detailed later in the call [3][4]. Business Line Data and Key Metrics Changes - The company is focusing on its operations at Buckreef, indicating potential for growth in this area, although specific metrics were not disclosed in the initial remarks [5]. Market Data and Key Metrics Changes - No specific market data or key metrics were provided during the initial part of the call [3][4]. Company Strategy and Development Direction - The introduction of Richard Boffey as the new Chief Operating Officer suggests a strategic emphasis on enhancing operational capabilities at Buckreef, which is viewed as a significant resource for the company [4][5]. Management Comments on Operating Environment and Future Outlook - Management has expressed optimism regarding the potential of Buckreef, indicating a positive outlook for future operations [5]. Other Important Information - The call included a reminder that all participants were in listen-only mode and that the meeting was being recorded, which is standard for such earnings calls [3]. Q&A Session Summary Question: Introduction of new COO - Richard Boffey introduced himself and expressed enthusiasm about joining TRX Gold and working at Buckreef, highlighting the resource's potential [5].