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An announcement from Tanzanian Royalty Exploration ( (TSE:TRX) ) is now available.
On January 14, 2026, TRX Gold Corporation filed a Form 6-K in the United States to furnish unaudited interim condensed consolidated financial statements and management’s discussion and analysis for the quarter ended November 30, 2025, which are also being incorporated by reference into several of its existing U.S. registration statements. For the three months to November 30, 2025, TRX Gold reported a sharp increase in revenue to $25.1 million from $12.5 million a year earlier and gross profit of $14.2 million, but swung to a net loss of $0.5 million despite higher operating margins, largely due to a $7.0 million negative change in the fair value of derivative financial instruments and a higher income tax expense of $5.0 million. Total assets rose to $129.6 million from $117.3 million at August 31, 2025, driven by higher cash, receivables and inventories, while total liabilities increased to $55.1 million, notably reflecting a jump in derivative financial instrument liabilities and income tax payable; equity remained broadly flat at about $74.5 million, with an increased non-controlling interest offsetting a deeper accumulated deficit. These results highlight that while the company’s production and revenue growth appear strong, increased exposure to derivatives and taxation pressures weighed on bottom-line profitability in the first quarter of its fiscal year, factors that investors and other stakeholders will closely monitor going forward.
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 Canadian-based gold mining company focused on the exploration, development and operation of mineral properties, with assets including mineral property, plant and equipment totaling about $89.3 million as of November 30, 2025. The company operates in the gold production sector and reports in U.S. dollars, with a capital structure comprising common share capital, share-based payment and warrant reserves, and a significant non-controlling interest linked to its mining operations.
Average Trading Volume: 84,694
Technical Sentiment Signal: Buy
Current Market Cap: C$384.6M
Find detailed analytics on TRX stock on TipRanks’ Stock Analysis page.