The earnings call presented a positive outlook for TRX Gold Corporation with significant expected increases in revenue, EBITDA, and production following successful operational improvements and a strong financial quarter. However, challenges with higher cash costs, negative working capital, and limited processing capacity for oxides tempered these achievements.

Company Guidance

In the third quarter of fiscal year 2025, TRX Gold Corporation provided comprehensive guidance on its financial and operational progress, as well as future plans. The company reported over $40 million in revenue and $15 million in EBITDA for fiscal 2024, projecting higher figures for 2025 as they advance into higher-grade ore sections. The PEA highlighted a $1.2 billion net present value at $3,000 per ounce of gold, with a post-tax value of $750 million for the Buckreef Gold project, featuring a production capacity of 62,000 ounces per year over 18 years. Current processing is at 2,000 tonnes per day, with plans to expand to between 3,000 and 4,000 tonnes. Cash costs were at $1,000 per ounce, with an AISC of $1,200 per ounce. Financial results showed significant improvements, with quarterly revenue at $12.5 million and gross profit at $4.5 million. The company also discussed its new agreement with the Bank of Tanzania, which allows them to sell 20% of their local gold production to the Central Bank, benefiting from a reduced royalty rate of 4% on domestic sales compared to 7.3% for exports. They emphasized their strategy of self-funding growth and maintaining a lean management approach to enhance profitability. The company aims to optimize plant operations and expand its production capacity while maintaining cost efficiency, with significant investments planned for plant upgrades and underground development in the coming years.

Projected Increase in Revenue and EBITDA

TRX Gold Corporation reported expectations for increased revenue and EBITDA for fiscal year 2025, driven by higher-grade ore body production and record gold prices.

Positive PEA Results

The Preliminary Economic Assessment (PEA) for the Buckreef Gold project showed a net present value of $1.2 billion at a $3,000 gold price, with average production of 62,000 ounces annually for 18 years.

Successful Stripping Campaign and Increased Production

Completion of the Stage 1 stripping campaign allowed access to higher-grade ore blocks, leading to increased production and sales.

Strong Financial Quarter

TRX Gold reported a strong financial quarter with revenue of $12.5 million, gross profit of $4.5 million, and adjusted EBITDA of $4 million, all showing improvements over previous periods.

Cost Optimization Achievements

Processing and mining costs per tonne have significantly decreased due to scale economies from plant expansion and the use of their own mining fleet.

Bank of Tanzania Agreement

An agreement was reached to sell a minimum of 20% of local gold production to the Bank of Tanzania, benefiting from a reduced royalty rate of 4% compared to 7.3% for exports.

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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