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TRX Gold Advances Buckreef Project with New Economic Assessment

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TRX Gold Advances Buckreef Project with New Economic Assessment

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Tanzanian Royalty Exploration ( (TSE:TRX) ) has provided an announcement.

TRX Gold Corporation has filed a Preliminary Economic Assessment (PEA) for its Buckreef Gold Project, outlining plans to expand its processing plant and transition to underground mining. The assessment projects a significant increase in gold production, with a potential to finance the expansion from internally generated cash flow, enhancing the company’s operational capabilities and market positioning.

The most recent analyst rating on (TSE:TRX) stock is a Buy with a C$1.75 price target. To see the full list of analyst forecasts on Tanzanian Royalty Exploration stock, see the TSE:TRX Stock Forecast page.

More about Tanzanian Royalty Exploration

TRX Gold Corporation is involved in the mining industry, focusing on gold exploration and development projects. The company is primarily engaged in the expansion and operation of the Buckreef Gold Project in Tanzania, aiming to enhance its gold production capabilities.

Average Trading Volume: 40,608

Technical Sentiment Signal: Sell

Current Market Cap: C$122.7M

Find detailed analytics on TRX stock on TipRanks’ Stock Analysis page.

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