TRX Gold Achieves Lower Costs and Promising Exploration Results in Q1 2025

Tanzanian Royalty Exploration ( (TSE:TRX) ) has shared an update.

In its Q1 2025 results, TRX Gold Corporation highlighted a significant reduction in operating costs following the expansion of its processing plant, which resulted in a lower processing cost per tonne. The company reported record gold prices, although gold production was slightly lower than the previous year. TRX Gold announced successful drilling results at the Buckreef Gold’s Stamford Bridge Zone, indicating promising new gold mineralization. The company expects increased gold production in fiscal 2025 due to the expanded processing capacity and a focus on accessing higher-grade ore blocks.

More about Tanzanian Royalty Exploration

TRX Gold Corporation is advancing the Buckreef Gold Project, which currently hosts a significant gold resource in the Geita Region, Tanzania. The company is focused on increasing gold production to generate positive cash flow for exploratory drilling, aiming to expand the mineral resource base. TRX Gold emphasizes high environmental, social, and corporate governance standards.

YTD Price Performance: 3.12%

Average Trading Volume: 493,123

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $92.7M

See more data about TRX stock on TipRanks’ Stock Analysis page.