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TRX Gold Ord Shs T.TNX


Primary Symbol: T.TRX Alternate Symbol(s):  TRX

Metals & Mining Gold
TRX Gold Corporation is a Canada-based company, which is advancing the Buckreef Gold Project. The Company is engaged in the exploration, development and production of mineral property interests in the United Republic of Tanzania. The Buckreef Project's prospects include Buckreef, Bingwa, Tembo, Anfield, Eastern Porphyry and Buziba. The Buckreef Project encompasses three main mineralized zones: Buckreef South, Buckreef Main and Buckreef North. The Company produces gold at its 1,000 tons per day processing plant. Its gold development operations include the Sulphide Development Project, in which the sulphide ore encompasses over 90% of the Buckreef Main Zone's two-million-ounce gold measured and indicated mineral resources. The Buckreef Project hosts an NI 43-101 measured and indicated mineral resource of over 35.88 million tons (MT) at 1.77 grams per ton (g/t) gold containing 2,036,280 ounces of gold and an inferred mineral resource of 17.8 MT at 1.11 g/t gold for 635,540 ounces of gold.


TSX:TRX - Post by User

TRX Gold Ord Shs
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Post by austrochrison Apr 21, 2022 4:46am
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Post# 34619161

very good goldstory in Tanzania !

very good goldstory in Tanzania ! Made a little research here . With the old reservers TNX have a NPV of 266 Million US Dollar and an IRR of about 200 % . It is hard to find an IRR of 200 % ( 1900 Dollar gold price ). Now TNX can almost double the reserves to about 1,6 to 1,8 Million ounces . This means the economics are now much better and the production more than 54000 ounces / year ! Beside the production ramp up is underway in order to avoid further dilution and to develope the project . With 1000 tons / day - huge cashflow will come in a few months . 15 to 20 Million US Dollar free cash flow / year . ( current gold price ) . Enough cash for drilling and developing ! BUY:TNX . This could be a 5 Million Ounce project !
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