News... better than expected gold production in Q3 TNX Q3 production of 2733 oz of gold equals 911oz/month better that expected 750-800/month. Soon to be spinning up 1000tpd on calandar Q3
https://stockhouse.com/news/press-releases/2022/06/07/trx-gold-reports-more-growth-at-buckreef-gold
Q3 Results Fund Organic Development and Growth
TORONTO, June 07, 2022 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX:TNX) (NYSE American:TRX) (the “Company” or “TRX Gold”) is pleased to announce preliminary Q3 2022 production of 2,733 ounces of gold, exceeding previous production guidance of 750-800 ounces of gold per month, as well as preliminary Q3 2022 sales of 3,033 ounces of gold, both new records for the Company.
The average market price for gold in Q3 2022 (March – May 2022) was $1,912 per ounce.
Preliminary Q3 2022 gold production was higher than Q2 2022 reflecting the first full quarter of the 360 tonne per day (tpd) processing plant operating at full design capacity along with a solid grade profile. The expansion to 1,000+ tpd remains on budget and is scheduled for completion in calendar Q3 2022.
“We said we would start small and grow the business from there. The 360 tpd processing plant has been ‘dialed in’ and we are very excited for the 1,000+ tpd expansion coming online later this year, with the possibility of further production expansions thereafter. This is a great start towards our sustainable business plan of having early production fund organic development and growth, notably expansion of the processing plant and investment in other value enhancing activities including exploration in the Buckreef Main Zone, Buckreef West and the Anfield Zone. There are a whole array of value creating opportunities at Buckreef Gold, growth is our mantra at the moment,” noted Stephen Mullowney, Chief Executive Officer of TRX Gold.