Bullboard - Stock Discussion Forum 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... see more

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TSX:TRX - Post Discussion

TRX Gold Ord Shs > Big moves up in production

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Post by GoldenArm on Apr 20, 2023 11:21am

Big moves up in production

The company is producing and on track for 25,000 oz for 2023. Couple of point to note

1) moving towards another 1000+ mpd ball mill to double production
2) Exploring and hitting gold everywhere they drill
3) Impressive COG per ounce

4) a concern is that interest rates are taking a bite out of revenue
5) starting this Feb 2023 quarter they are forking over 434oz per quarter to for borrowing 2.5M from OCIM which at current prices nets OCIM at healthy 25%+ return on money lent.

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