TRX Gold reports FY24 revenue $41.2M vs. $38.3M last year

Annual production of 19,389 ounces of gold, sold at record gold spot prices. TRX Gold’s (TRX) CEO, Stephen Mullowney comments: “2024 was a year marked by much growth and excitement for TRX Gold! The Buckreef Gold Project continued to grow organically, generating cash flow to fund value accretive activities. 2024 was a record year in terms of revenue and EBITDA, despite the newly expanded 2,000 tpd mill having only come online toward the end of the fiscal year. I’d like to thank our talented and skilled employees at site, as well as our in-country consultants, contractors, and local supply chain, for getting this last expansion done on time and on budget. What might be the most exciting news to date, however, is the discovery of the new shear structure that is the Stamford Bridge Zone. So far, this structure is shaping up to be one of importance for the Company and will be the focus of an expanded exploration campaign to uncover the area’s gold mineralization potential as we continue into 2025. The next year will most certainly be one marked by more growth and we look forward to continuing to prove that Buckreef Gold has the potential of becoming a significant mine in the African landscape.”