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Tanzanian Royalty Exploration ( (TSE:TRX) ) has issued an update.
On April 15, 2026, TRX Gold reported record results for its second quarter ended February 28, 2026, with Buckreef Gold pouring 7,453 ounces and selling 7,314 ounces of gold, generating revenue of $34.1 million, gross profit of $21.1 million and adjusted EBITDA of $20.2 million. For the first half of 2026, the company also set records for revenue and profitability, strengthened working capital with an estimated 20,147 ounces of contained gold in stockpiles, maintained a strong safety and environmental record, and processed new geophysical data that defined ten exploration targets.
The company is advancing a major expansion by specifying a new 3,500+ tpd SAG/ball mill plant alongside upgraded existing facilities, targeting completion of the upgrades by Q4 2026 and the new mill by Q2 2027. In parallel, TRX Gold has begun revising the life-of-mine plan and commissioning additional drilling, with the aim of boosting future processing capacity and annual production beyond the 62,000-ounce level outlined in its May 2025 preliminary economic assessment, potentially enhancing project economics and extending open-pit operations at Buckreef.
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 Canadian-based gold producer focused on the Buckreef Gold project in Tanzania. The company operates a low-cost open-pit mine and processing facilities, targeting increased throughput and higher gold production, and is listed on both the TSX and NYSE American exchanges, positioning it within the international precious metals sector.
Average Trading Volume: 467,225
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$619.8M
For a thorough assessment of TRX stock, go to TipRanks’ Stock Analysis page.