TRX Gold reports Q3 EPS (1c) vs. (0c) last year

Reports Q3 revenue $9.11M vs. $7.98M last year. Stephen Mullowney, CEO commented: “We’re pleased with the progress at Buckreef Gold this quarter, driven by the successful execution of our scheduled strip campaign to access higher-grade ore, combined with lower mining and processing cost per ton. We have started to see the benefits of this work and since May 31st, the company’s adjusted working capital turned positive, improving from $3.3M negative to approximately $3.9M as of today. As a result, the Company’s current ratio has improved from approximately 0.8 at May 31, 2025 to approximately 1.1 as of today, including a reduction in accounts payable and accrued liabilities of approximately $5.6M. The company has also substantially repaid its short-term borrowings and has full access to its liquidity lines. Our stockpile has also grown from approximately 290 thousand tons at an average grade of 1.00 g/t containing 9,275 ounces of contained gold at May 31st, to approximately 401 k tons grading 1.31 g/t with an estimated 16,876 ounces of contained gold currently, setting up strong cash flow generation going forward. Our short-to-medium term priorities are to continue to expand and upgrade processing capacity in line with our PEA, continue greenfield exploration, and strengthen our liquidity.”