TRX Gold 3Q Output Jumps, Guidance Reaffirmed as Expansion Plans Progress

Dow Jones18:50

By Adriano Marchese

TRX Gold's output rose in the third quarter thanks to higher processing volumes, while also advancing its major plant expansion aimed at boosting future production.

The Toronto-based miner on Friday said that it processed 25% more than a year ago at 1,833 metric tons a day. This drove gold production to rise 58% to 7,426 ounces, bringing its year-to-date total to 21,476 ounces.

TRX said at the current rate, the company is on track to meet its full-year guidance of 25,000 to 30,000 ounces.

The company also benefited from two other positives in the quarter: gold recovery and gold prices. TRX noted that gold recovery improved to 84.6% in the third quarter, up 18 percentage points from 67% a year earlier, due to improved optimization. At the same time, the price of gold also soared in the quarter, with TRX citing a 52% increase to the average market price to $4,731 an ounce.

On the plant-expansion front, TRX said it is moving ahead with a major upgrade to its processing infrastructure at its Buckreef Gold project in Tanzania. The works include the addition of a new 3,500-ton-per-day semi autogeneous grind and ball-mill circuit.

The company is also completing upgrades to its existing 2,000-ton-per-day plant, which will allow it to operate alongside the new mill, which will bring the total output capacity to 3,000 tons a day.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

June 05, 2026 06:50 ET (10:50 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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This drove gold production to rise 58% to 7,426 ounces, bringing its year-to-date total to 21,476 ounces. \n</p>\n<p>\n  TRX said at the current rate, the company is on track to meet its full-year guidance of 25,000 to 30,000 ounces. \n</p>\n<p>\n  The company also benefited from two other positives in the quarter: gold recovery and gold prices. TRX noted that gold recovery improved to 84.6% in the third quarter, up 18 percentage points from 67% a year earlier, due to improved optimization. At the same time, the price of gold also soared in the quarter, with TRX citing a 52% increase to the average market price to $4,731 an ounce. \n</p>\n<p>\n  On the plant-expansion front, TRX said it is moving ahead with a major upgrade to its processing infrastructure at its Buckreef Gold project in Tanzania. 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This drove gold production to rise 58% to 7,426 ounces, bringing its year-to-date total to 21,476 ounces. \n</p>\n<p>\n  TRX said at the current rate, the company is on track to meet its full-year guidance of 25,000 to 30,000 ounces. \n</p>\n<p>\n  The company also benefited from two other positives in the quarter: gold recovery and gold prices. TRX noted that gold recovery improved to 84.6% in the third quarter, up 18 percentage points from 67% a year earlier, due to improved optimization. At the same time, the price of gold also soared in the quarter, with TRX citing a 52% increase to the average market price to $4,731 an ounce. \n</p>\n<p>\n  On the plant-expansion front, TRX said it is moving ahead with a major upgrade to its processing infrastructure at its Buckreef Gold project in Tanzania. 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This drove gold production to rise 58% to 7,426 ounces, bringing its year-to-date total to 21,476 ounces.TRX said at the current rate, the company is on track to meet its full-year guidance of 25,000 to 30,000 ounces.The company also benefited from two other positives in the quarter: gold recovery and gold prices. TRX noted that gold recovery improved to 84.6% in the third quarter, up 18 percentage points from 67% a year earlier, due to improved optimization. At the same time, the price of gold also soared in the quarter, with TRX citing a 52% increase to the average market price to $4,731 an ounce.On the plant-expansion front, TRX said it is moving ahead with a major upgrade to its processing infrastructure at its B","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"UGL":"2倍做多黄金ETF-ProShares","GLDY":"Defiance Gold Enhanced Options Income ETF","KGLD":"Kurv Gold Enhanced Income ETF","GOAU":"U.S. Global GO GOLD and Precious Metal Miners ETF","DZZ":"德银黄金两倍做空ETN","SGDM":"Sprott Gold Miners ETF","IAUM":"ISHARES GOLD TRUST MICRO","IAUI":"NEOS Gold High Income ETF","DULL":"MICROSECTORS GOLD -3X INVERSE LEVERAGED ETN","XME":"金属与采矿指数ETF-SPDR","BEGS":"RAREVIEW 2X BULL CRYPTOCURRENCY & PRECIOUS METALS ETF","IGLD":"FT Vest Gold Strategy Target Income ETF®","DGZ":"做空黄金ETN(德银)","AAAU":"Goldman Sachs Physical Gold ETF","GDX":"黄金矿业ETF-VanEck","IAU":"黄金信托ETF-iShares","USG":"USCF Gold Strategy Plus Income Fund","PRGS":"Progress Software Corporation","OUNZ":"VanEck Merk黄金股票基金","TRX":"TRX Gold","GLD":"黄金ETF-SPDR","BTGD":"STKD Bitcoin & Gold ETF","GOLY":"Strategy Shares Gold Enhanced Yield ETF","UYM":"基础材料指数ETF-ProShares两倍做多","GLL":"2倍做空黄金ETF-ProShares","GDXD":"MicroSectors Gold Miners -3x Inverse Leveraged ETN","CEF":"Sprott Physical Gold & Silver Trust","FGDL":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF","GDXJ":"小型黄金矿业ETF(Market Vectors)","RING":"iShares MSCI Global Gold Miners ETF","BAR":"GraniteShares Gold Shares","BK4588":"碎股","SGOL":"Abrdn Gold ETF Trust","GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","PHYS":"Sprott Physical Gold Trust","GBUG":"Sprott Active Gold & Silver Miners ETF","DGP":"二倍做多黄金ETN(PowerShares)","PICK":"iShares MSCI Global Metals & Mining Producers ETF","GLDM":"SPDR Gold MiniShares Trust","BK4017":"黄金","JNUG":"金矿指数二倍做多ETF","BGLD":"FT Vest Gold Strategy Quarterly Buffer ETF","GDXY":"YieldMax Gold Miners Option Income Strategy ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","JDST":"金矿指数二倍做空ETF","DBC":"商品指数ETF-PowerShares DB","GLTR":"abrdn Physical Precious Metals Basket Shares ETF","YGLD":"Simplify Gold Strategy PLUS Income ETF","SHNY":"MICROSECTORS GOLD 3X LEVERAGED ETN"},"translate_title":"TRX黄金第三季度产量跃升，随着扩张计划的进展，指引得到重申","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OUNZ":0.71,"GBUG":0.71,"JNUG":0.71,"BAR":0.71,"DUST":0.71,"TRX":1.5,"DGZ":0.6,"BEGS":0.71,"GDXY":0.71,"CEF":0.71,"USG":0.71,"YGLD":0.6,"GOLY":0.71,"1OZmain":0.71,"KGLD":0.6,"GLD":0.6,"IGLD":0.6,"BGLD":0.6,"BTGD":0.71,"UGL":0.71,"SGOL":0.71,"JDST":0.71,"GDXJ":0.71,"SGDM":0.71,"AAAU":0.71,"GOAU":0.71,"IAUM":0.71,"GDX":0.71,"XME":0.71,"RING":0.71,"GDXU":0.71,"PHYS":0.71,"FGDL":0.71,"PRGS":1.5,"SHNY":0.71,"UYM":0.71,"GLTR":0.71,"DGP":0.71,"GLDM":0.71,"GLDY":0.6,"IAUI":0.71,"GLL":0.71,"DULL":0.71,"IAU":0.71,"DZZ":0.71,"GDXD":0.71,"DBC":0.71,"PICK":0.71},"content_text":"By Adriano Marchese \n\n\n \n\n\nTRX Gold's output rose in the third quarter thanks to higher processing volumes, while also advancing its major plant expansion aimed at boosting future production. \n\n\n  The Toronto-based miner on Friday said that it processed 25% more than a year ago at 1,833 metric tons a day. This drove gold production to rise 58% to 7,426 ounces, bringing its year-to-date total to 21,476 ounces. \n\n\n  TRX said at the current rate, the company is on track to meet its full-year guidance of 25,000 to 30,000 ounces. \n\n\n  The company also benefited from two other positives in the quarter: gold recovery and gold prices. TRX noted that gold recovery improved to 84.6% in the third quarter, up 18 percentage points from 67% a year earlier, due to improved optimization. At the same time, the price of gold also soared in the quarter, with TRX citing a 52% increase to the average market price to $4,731 an ounce. \n\n\n  On the plant-expansion front, TRX said it is moving ahead with a major upgrade to its processing infrastructure at its Buckreef Gold project in Tanzania. The works include the addition of a new 3,500-ton-per-day semi autogeneous grind and ball-mill circuit. \n\n\n  The company is also completing upgrades to its existing 2,000-ton-per-day plant, which will allow it to operate alongside the new mill, which will bring the total output capacity to 3,000 tons a day. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 05, 2026 06:50 ET (10:50 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2641112983","isCrawlerRequest":true}