Tanzanian Royalty Exploration ( (TSE:TRX) ) just unveiled an update.
TRX Gold Corporation announced the results of its Annual General and Special Meeting held on February 27, 2025, where shareholders voted in favor of all business items, including the appointment of new directors and the renewal of the company’s Omnibus Equity Incentive Plan. John McVey was welcomed as the newest board member, bringing extensive experience from his previous role as CEO of Procon Mining & Tunnelling. The meeting’s outcomes are expected to support TRX Gold’s strategic growth plans and enhance its leadership as it continues to develop the Buckreef Gold Project.
More about Tanzanian Royalty Exploration
TRX Gold Corporation is engaged in advancing the Buckreef Gold Project, which is supported by a Mineral Resource published in May 2020. The project hosts a Measured and Indicated Mineral Resource of 35.88 million tonnes at 1.77 grams per tonne gold, containing 2,036,280 ounces of gold, and an Inferred Mineral Resource of 17.8 million tonnes at 1.11 grams per tonne gold for 635,540 ounces of gold. The company aims to increase gold production to generate positive cash flow, which will be used for exploratory drilling and advancing project development. TRX Gold adheres to high environmental, social, and corporate governance standards, maintaining strong relationships and programs in the Geita Region, Tanzania.
YTD Price Performance: -1.90%
Average Trading Volume: 486,328
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $87.28M
For an in-depth examination of TRX stock, go to TipRanks’ Stock Analysis page.