Tanzanian Royalty Exploration (TSE:TRX) has released an update.
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TRX Gold Corporation is poised for substantial growth with its plant expansion set to double production capacity, expecting to complete in early Q4 2024. The company reported strong Q2 results, including increased gold production and solid operating cash flow, underpinned by robust gross profit margins. With the new crushing circuit operational, TRX Gold anticipates further efficiency gains and plans to resume its exploration program in the same quarter.
For further insights into TSE:TRX stock, check out TipRanks’ Stock Analysis page.
