Quarterly ResultJul 15, 2026, 04:19 PM
TRX Gold Q3 Revenue $32.8M, Net Income $2.8M; Production +58%
AI Summary
TRX Gold reported strong Q3 2026 results with revenue increasing to $32.8 million and net income reaching $2.8 million, a significant improvement from the prior year. The company achieved record processing plant throughput and improved recoveries, driving a 58% year-over-year production increase and record adjusted EBITDA of $20.7 million. Operational highlights include plans for a new 3,500 tpd mill, revision of the life-of-mine plan, and progress on a tailings storage facility.
Key Highlights
- Q3 2026 Revenue increased to $32.8 million from $12.5 million in Q3 2025.
- Q3 2026 Net Income attributable to shareholders was $2.8 million, up from a loss of $0.2 million.
- Basic and diluted EPS for Q3 2026 was $0.01, compared to $(0.00) in Q3 2025.
- Production increased by 58% year-over-year with recoveries improving to 84.9%.
- Achieved record quarterly adjusted EBITDA of $20.7 million in Q3 2026.
- Cash and cash equivalents stood at $26.8 million as of May 31, 2026.
- Derivative warrant liabilities were fully extinguished during the period.
- New 3,500 tpd mill planned, expanding processing capacity beyond 3,000 tpd.
Price Impact
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