Quarterly ResultJun 5, 2026, 06:16 AM
TRX Gold Q3 Production 7,426 oz (+58%); Reaffirms Guidance
AI Summary
TRX Gold reported strong preliminary Q3 2026 results, with gold production reaching 7,426 ounces, a 58% increase year-over-year, driven by record quarterly processing plant throughput of 1,833 tpd. The company reaffirmed its full-year production guidance of 25,000 to 30,000 ounces and saw gold-in-circuit inventory rise to a record 1,706 ounces. Additionally, gold recovery improved to 84.6%, and the company benefited from a record average gold price of $4,731 per ounce. TRX Gold is also accelerating its processing plant expansion, including a new 3,500 tpd SAG mill and upgrades to the existing 2,000 tpd plant, to significantly increase future production capacity.
Key Highlights
- Q3 2026 gold production was 7,426 ounces, a 58% increase from Q3 2025.
- Achieved record quarterly processing plant throughput of 1,833 tonnes per day, up 25% YoY.
- Reaffirms full-year production guidance of 25,000 to 30,000 ounces.
- Gold-in-circuit (GIC) inventory increased to a record 1,706 ounces.
- Gold recovery improved significantly to 84.6% in Q3 2026, up 18% from Q3 2025.
- Benefited from a record average market price for gold of approximately $4,731 per ounce, up 52% YoY.
- Advancing processing plant expansion with a new 3,500 tpd SAG mill combination.
- Existing 2,000 tpd processing plant undergoing significant upgrades, expected by calendar Q4 2026.
Price Impact
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