TRX Gold Expects Significant Growth with Plant Expansion Nearing Completion
TORONTO, April 15, 2024 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX: TRX) (NYSE American: TRX) (the “Company” or “TRX Gold”) today reported its results for the second quarter of 2024 (“Q2 2024”) for the three months ended February 29, 2024.
- TORONTO, April 15, 2024 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX: TRX) (NYSE American: TRX) (the “Company” or “TRX Gold”) today reported its results for the second quarter of 2024 (“Q2 2024”) for the three months ended February 29, 2024.
- Key highlights for Q2 2024 include:
Plant Expansion to double throughput and increase production, nearing completion: The Company expects significant growth in throughput and production following completion of the plant expansion to 2,000 tonnes per day (“tpd”). - Following completion of this expansion, TRX Gold will be well positioned to transition to a more cash flow generative phase in the last quarter of the year and into fiscal 2025.
- The Buckreef Gold project continues to demonstrate robust economics through its high-margin gold production, in what seems to be an increasingly bullish gold market environment.