TRX Gold Corporation Reports Asset Growth

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

TRX Gold Corporation’s interim financial report reveals a growth in total assets to $88.199 million as of February 29, 2024, up from $84.2 million on August 31, 2023. Despite a decrease in quarterly revenue year-over-year from $10.098 million to $7.984 million, the company managed to achieve a gross profit of $3.272 million, thanks to controlled production costs and other operational efficiencies.

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