TRX Gold Announces Positive PEA for Buckreef Gold Expansion

An update from Tanzanian Royalty Exploration ( (TSE:TRX) ) is now available.

TRX Gold Corporation announced positive results from a Preliminary Economic Assessment (PEA) for the expansion of its Buckreef Gold Project in Tanzania. The PEA outlines plans to expand the process plant to 3,000 tonnes per day and transition to underground mining, projecting a pre-tax NPV of US$701 million at current gold prices. The expansion is expected to be financed from internally generated cash flow, with no upfront capital required, and aims to enhance the company’s gold production capabilities significantly over a 17.6-year period.

More about Tanzanian Royalty Exploration

TRX Gold Corporation is a company operating in the gold mining industry, primarily focused on the exploration and development of gold projects. Its main project is the Buckreef Gold Project located in Tanzania, where it aims to expand and upgrade its operations.

YTD Price Performance: 3.12%

Average Trading Volume: 523,207

Technical Sentiment Signal: Hold

Current Market Cap: $93.79M

For detailed information about TRX stock, go to TipRanks’ Stock Analysis page.