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Tanzanian Royalty Exploration ( (TSE:TRX) ) just unveiled an announcement.
On January 15, 2026, TRX Gold Corporation reported its first-quarter 2026 results for the period ended November 30, 2025, highlighting record gold production and robust financial performance at its Buckreef Gold operation. The mine poured 6,597 ounces and sold 6,492 ounces of gold at an average realized price of $3,860 per ounce, generating $25.1 million in revenue, $14.2 million in gross profit and $13.2 million in EBITDA, while adjusted net income rose to $7.7 million and operating cash flow reached $4.0 million. Management said that strong cash generation in a record gold price environment is funding an ambitious growth phase, including upgrades to the existing 2,000 tpd plant and construction of a larger 3,000+ tpd sulphide circuit and 1,000 tpd oxide/transition circuit expected to lift annual output above the 62,000-ounce level previously outlined and to be financed from internal cash flow over the next 18–24 months. The company also strengthened its balance sheet, improving its current ratio to about 1.7 and expanding its run-of-mine stockpile to an estimated 22,891 ounces of contained gold shortly after quarter-end, while advancing exploration with an 810 line-km ground magnetic survey and metallurgical testwork that continues to show high flotation recoveries and support flowsheet optimisation. TRX Gold reiterated that it remains on track to meet its fiscal 2026 production guidance of 25,000–30,000 ounces at Buckreef, and reported zero lost-time injuries and no reportable environmental incidents, underscoring both operational momentum and a strong health, safety and environmental record for stakeholders.
The most recent analyst rating on (TSE:TRX) stock is a Buy with a C$1.25 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 company listed on the TSX and NYSE American, focused on developing and operating the Buckreef Gold project, where it produces and sells gold dore and invests in processing plant expansions, mine development, and exploration to grow its resource base and production profile.
Average Trading Volume: 83,382
Technical Sentiment Signal: Buy
Current Market Cap: C$373.2M
Learn more about TRX stock on TipRanks’ Stock Analysis page.