TRX Gold Reports Q3 2026 Production on Record Throughput, Reaffirms Guidance, and Accelerates Plant Expansion

TRX Gold Reports Q3 2026 Production on Record Throughput, Reaffirms Guidance, and Accelerates Plant Expansion

TORONTO, June 05, 2026 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX: TRX) (NYSE American: TRX) (the “Company” or “TRX Gold”) is pleased to announce preliminary results for Q3 20261.

TRX Gold reports 58% production increase in Q3 – Resource World Magazine

TRX Gold Corp. [TRX-TSX, TRX-NYSE American] said it is on track to meet its 2026 production targets after achieving record quarterly plant throughput and 58% production increase at its Buckreef Gold project in Tanzania. The Buckreef project is located in the Geita Region, south of Lake Victoria, approximately 110 kilometres south of the city of Mwanza and 45 kilometres west of Barrick Mining Corp.’s [ABX-TSX, B-NYSE] Bulyanhulu gold mine and AngloGold Ashanti Ltd.’s [AU-NYSE] flagship Geita mine in north-central Tanzania. The Buckreef project includes an established open pit operation and 2,000 tonne-per-day processing plant with upside potential that was demonstrated by a May 2025 Preliminary Economic Assessment (PEA). The PEA envisages average gold production of 62,000 ounces annually over 17.6 years at 3,000 tonnes per day of throughput capacity, and a US$1.9-US$2.6 billion pre-tax NPV 5% at average life of mine gold prices of US$4,000 to US$5,000 an ounce. The project hosts a measured and indicated resource of 10.8 million tonnes at 2.57 g/t gold, containing 893,000 ounces of gold and an inferred resource of 9.1 million tonnes at 2.47 g/t gold for 726,000 ounces. The leadership team is focused on increasing gold production to generate positive cash flow to fund the expansion outlined in the PEA and grow mineral resources via exploration. In its latest press release, the company said it achieved record quarterly processing plant throughput of 1,833 tonnes per day in the 2026 third quarter, a 25% increase from the equivalent year-ago quarter.  It said this drove 2026 third quarter gold production to 7,426 ounces, up 58% from 4,687 ounces in the third quarter of 2025. Year to date, the company has produced 21,476 ounces of gold and remains on track to meet its full-year production guidance of 25,000 to 30,000 ounces. “Looking ahead, we remain focused on unlocking the next phase of growth through our processing plant expansion program,’’ said TRX Gold Stephen Mullowney. “The combination of a new 3,500 tonne-per-day SAG mill circuit and significant upgrades to our 2,000 tonne-per-day plant is expected to deliver processing capacity well beyond the assumptions outlined in our PEA,’’ said Mullowney. As previously reported, recent metallurgical test work has led the company to specify a semi autogenous grind (SAG)/Ball mill combination of 3,500 tonnes per day as part of its next processing plant expansion based on optimal grind size for achievable mine feed from the mine plan. Tendering for the SAG mill has commenced with an award and orders expected to be placed in early Q4, 2026. On Friday, TRX Gold shares fell 2.72% or $0.04 to $1.43. The shares trade in a 52-week range of $3.75 and 43.5 cents.