TRX Gold Boosts Buckreef Expansion After Strong Recovery Results

The latest update is out from Tanzanian Royalty Exploration ( (TSE:TRX) ).

TRX Gold is expanding the scope of its Buckreef Gold Project in Tanzania, where it operates and upgrades processing facilities to boost gold output. The company is enhancing its existing 2,000 tpd plant and adding a new 3,500+ tpd SAG/ball mill circuit to materially lift processing capacity beyond earlier plans.

Recent metallurgical tests at Buckreef delivered robust gold recovery rates of 89% to 92%, above assumptions in the prior economic assessment and supporting a larger plant design. The enlarged expansion, now budgeted at $45 million to $50 million, is expected to increase annual production above the 62,000 ounces previously forecast and improve project economics through extended open‑pit mining and optimized mine planning.

TRX Gold is revising its life-of-mine plan to reflect higher processing throughput and stronger gold prices, including a potential expanded cutback at the Main Pit and earlier underground development at Stamford Bridge. An updated economic study due in late 2026 will incorporate these changes, while management highlights a strong balance sheet and internal cash flow as key enablers of the larger growth program.

The most recent analyst rating on (TSE:TRX) stock is a Buy with a C$2.30 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 a gold mining and exploration company focused on developing the Buckreef Gold Project in Tanzania. The company operates processing plants and pursues mine expansions aimed at increasing gold production and improving project economics amid a supportive gold price environment.

Average Trading Volume: 455,029

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$617M

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