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TRX Gold Ord Shs T.TRX

Alternate Symbol(s):  TRX

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

Post by GoldenArm1on Apr 09, 2024 9:51am
98 Views
Post# 35978717

Cash Flow - revenue generation

Cash Flow - revenue generation
Given that TRX is generating positive cash flow which is enough to fund further drilling and provide profit, they should, at $2300 to $2400/oz of gold, also look to acquire more land or perhaps small miners in the area. Perhaps there are gold exploration companies with proven reserves which could be helped with TRX's processing facility, at a cost of course. Anything to drive revenues for the company and also grow. I think TRX has mineral right to a property with a lot of nickel as well.

Being acquired is one thing that could happening but becoming a bigger mining company is possible in Tanz
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