TRX Gold Ord Shs 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.

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TRX Gold Ord Shs

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Post by GoldenArm1on May 21, 2024 9:31am

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Post# 36049684

Gold over $2400/oz

What this means is that next quarters Gross revenues should be up by 10% to 8.8M unless they poured more or less than 4000 ouces of gold. Considering last quarter (Q2) was weaker because of rains and such, I'm hoping Q3 makes it up by being 4400 to 5000 ounces. Q4 is going to be a block buster quarter if all goes well with the expansion to 2000tpd+ coming online. We could see quarterly gold production of 8000 to 12000 ouces of gold (just my guess).

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How a junior advances one of the largest undeveloped diamond projects