Tanzanian Royalty Exploration ( (TRX) ) has released its Q3 earnings. Here is a breakdown of the information Tanzanian Royalty Exploration presented to its investors.
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TRX Gold Corporation is a gold mining company focused on advancing the Buckreef Gold Project in Tanzania, featuring an open pit operation and a 2,000 tonnes per day processing plant. The company is committed to high environmental, social, and corporate governance standards.
In its third quarter of 2025, TRX Gold reported strong financial results, highlighting significant progress at its Buckreef Gold project. The company has successfully executed a strip campaign to access higher-grade ore, resulting in improved financial metrics and a positive working capital position.
Key financial highlights for the quarter include a revenue of $12.5 million, a gross profit of $4.4 million, and a net income of $1.1 million. The company poured 4,687 ounces of gold and sold 3,995 ounces at a record average realized price of $3,114 per ounce. TRX Gold also improved its production capacity, accessing higher-grade ore and increasing average daily production to approximately 75 ounces per day.
The company has strengthened its working capital position by increasing production, improving liquidity, and reducing liabilities. TRX Gold has also established a domestic gold sales agreement with the Bank of Tanzania, benefiting from a reduced royalty rate for local sales.
Looking ahead, TRX Gold aims to continue expanding its processing capacity, exploring greenfield opportunities, and enhancing liquidity. The company’s strategic focus remains on increasing gold production and generating positive cash flow to support future growth and expansion.