TRX Gold Corporation Reports Increased Assets

Tanzanian Royalty Exploration (TSE:TRX) has released an update.

TRX Gold Corporation has released its interim condensed consolidated financial statements for the three and nine months ended May 31, 2024, showing total assets increased to $92,614 thousand from $84,200 thousand the previous year. Total liabilities rose to $30,065 thousand, while shareholders’ equity also saw a rise to $62,549 thousand. The company reported a gross profit of $4,353 thousand for the three months ended May 31, 2024, with a notable increase in general and administrative expenses and a loss from the change in fair value of derivative financial instruments.

For further insights into TSE:TRX stock, check out TipRanks’ Stock Analysis page.