Tanzanian Royalty Exploration (TSE:TRX) has released an update.
TRX Gold Corporation has successfully completed and operationalized the expansion of its processing plant to 2,000 tonnes per day, leading to a significant increase in gold production and processing capacity. The company reported a robust financial performance in Q3 2024, with increased operating cash flow and strong gross profit margins, underpinned by prudent capital management. The expansion, which is part of a phased growth strategy, is expected to enhance economies of scale and drive future throughput and recovery improvements at the Buckreef Gold Project.
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