TRX Gold(US:TRX) Globenewswireยท2025-10-08 10:15Core Viewpoint - TRX Gold Corporation reported record gold production and sales in Q4 2025, driven by improved access to higher-grade ore and favorable gold prices, positioning the company for future growth [1][2]. Production and Sales - In Q4 2025, TRX Gold achieved record production of 6,404 ounces and sales of 6,977 ounces of gold, representing a 37% increase in production compared to Q3 2025 [4]. - The average market price for gold was approximately $3,350 per ounce in Q4 2025 and $2,973 for the fiscal year 2025 [4]. Financial Performance - The adjusted working capital ratio improved from approximately 0.8 on May 31, 2025, to approximately 1.2 on August 31, 2025, indicating a positive shift in the company's financial health [4]. - As of August 31, 2025, the cash balance was approximately $7.8 million, an increase of about $1.2 million from Q3 2025, and the company fully repaid short-term borrowings of approximately $3.0 million [4]. Operational Developments - The run of mine (ROM) stockpile increased from approximately 9,275 ounces of contained gold on May 31, 2025, to an estimated 15,162 ounces as of August 31, 2025, reflecting ongoing investments in mine infrastructure and development [4]. - The company is optimizing and expanding the processing plant in line with the Preliminary Economic Assessment (PEA) filed in Q3 2025, with plans for enhancements to improve gold recoveries [4]. Future Outlook - The PEA outlines an average gold production of 62,000 ounces per annum over 17.6 years, with a pre-tax NPV of $701 million at an average life of mine gold price of $2,296 per ounce [5]. - The leadership team is focused on increasing gold production to generate positive cash flow for funding expansion and growing mineral resources through exploration [5].