Tanzanian Royalty Exploration ( (TRX) ) has released its Q4 earnings. Here is a breakdown of the information Tanzanian Royalty Exploration presented to its investors.
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TRX Gold Corporation is a company focused on advancing the Buckreef Gold Project in Tanzania. The company operates in the mining sector, particularly gold production, with a strong commitment to environmental, social, and corporate governance standards.
In its latest earnings report, TRX Gold Corporation has achieved a record year for revenue and EBITDA, largely driven by increased gold production and favorable gold spot prices. The company successfully expanded its processing plant, leading to enhanced gold output and financial performance.
Key highlights include an annual production of 19,389 ounces of gold, resulting in a record revenue of $41.2 million and a gross profit of $17.9 million. The company also reported a record adjusted EBITDA of $15.3 million. Additionally, the completion of a plant expansion to 2,000 tonnes per day has increased production capacity, and the discovery of the new Stamford Bridge Zone suggests promising future gold exploration and production.
Looking forward, TRX Gold Corporation is optimistic about further growth in 2025, with expectations of increased gold production from the expanded processing plant. The company plans to reinvest its operating cash flow into exploration and plant optimizations to continue building shareholder value.
