The earnings call presented a generally positive outlook with significant improvements in production, sales, and strategic agreements, despite challenges with costs, working capital, and operational optimizations.

Company Guidance -

Q4 2025

In the third quarter of 2025, TRX Gold Corporation outlined ambitious growth plans, projecting higher revenue and EBITDA than the previous fiscal year, supported by a $1.2 billion net present value from their PEA at a gold price of $3,000 per ounce. The Buckreef Gold project is central to these plans, with production expected to average 62,000 ounces annually over an 18-year lifespan at a processing capacity of 3,000 tonnes per day, up from the current 2,000 tonnes. The company reported low cash costs of $1,000 per ounce and an AISC of $1,200 per ounce. The fiscal quarter saw revenue of $12.5 million, gross profit of $4.5 million, and adjusted EBITDA of $4 million. TRX Gold is also negotiating to sell 20% of its local gold production to the Bank of Tanzania, benefiting from a reduced royalty rate, and plans to self-fund growth initiatives, including expanding plant capacity and underground mine development, with a $90 million capital expenditure outlined over the next four years.

Increased Production and Sales

Produced just under 4,700 ounces in Q3 2025, substantially more than Q2. Sales benefited from high gold prices.

Record Gold Prices

Realized over $3,100 per ounce of gold, with some sales over $3,300, contributing to strong financial metrics.

Cost Improvements

Processing cost per tonne improved to below $15, and mining cost per tonne significantly reduced due to use of own fleet.

Strong Financial Performance

Q3 revenue of $12.5 million, gross profit of $4.5 million (35% margin), and adjusted EBITDA of $4 million, all improved from prior periods.

Strategic Agreement with Bank of Tanzania

Signed agreement to sell a minimum of 20% of local gold production to Central Bank at market rates, benefiting from a reduced 4% royalty rate.

Tanzanian Royalty Exploration (TRX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TRX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 28, 2025	2025 (Q4)	0.01 / -	0.01	―	―	―
Jul 15, 2025	2025 (Q3)	0.02 / 0.00	-0.01	―
Apr 15, 2025	2025 (Q2)	-0.01 / -0.01	0	―	―	―
Jan 15, 2025	2025 (Q1)	- / 0.02	0	―	―	―
Dec 02, 2024	2024 (Q4)	<0.01 / 0.00	0	―	―
Jul 15, 2024	2024 (Q3)	0.01 / -0.01	0	―	―	―
Apr 15, 2024	2024 (Q2)	<0.01 / 0.00	0	―	―
Jan 15, 2024	2024 (Q1)	<0.01 / 0.00	0.009	―
Nov 29, 2023	2023 (Q4)	0.01 / <0.01	-0.01	192.86% (+0.02)	―	―
Jul 14, 2023	2023 (Q3)	<0.01 / 0.00	0.009	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TRX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 15, 2025	$0.34	$0.34	0.00%
Apr 15, 2025	$0.31	$0.35	+12.90%
Jan 15, 2025	$0.33	$0.32	-3.03%
Dec 02, 2024	$0.36	$0.35	-2.78%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Tanzanian Royalty Exploration (TRX) report earnings?

Tanzanian Royalty Exploration (TRX) is schdueled to report earning on Nov 28, 2025, TBA (Confirmed).

What is Tanzanian Royalty Exploration (TRX) earnings time?

Tanzanian Royalty Exploration (TRX) earnings time is at Nov 28, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TRX EPS forecast?

TRX EPS forecast for the fiscal quarter 2025 (Q4) is 0.01.

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