Quarterly ResultJul 15, 2026, 04:47 PM
TRX Gold Q3 Revenue $32.9M; Record Throughput & Expansion
AI Summary
TRX Gold reported strong Q3 2026 results, with revenue of $32.9 million and record adjusted EBITDA of $20.7 million. The company achieved record processing plant throughput, pouring 7,426 ounces of gold and selling 6,983 ounces, representing significant year-over-year increases. TRX Gold also announced an accelerated plant expansion, including a new 3,500 tpd SAG mill circuit and upgrades to its existing 2,000 tpd plant, laying the foundation for future growth. The company has already exceeded its full-year gold production guidance of 25,000 ounces.
Key Highlights
- Q3 2026 revenue reached $32.9 million, up from $12.5 million in Q3 2025.
- Q3 2026 adjusted EBITDA was a record $20.7 million, up from $4.0 million in Q3 2025.
- Gold poured in Q3 2026 increased 58% year-over-year to 7,426 ounces.
- Gold sold in Q3 2026 increased 75% year-over-year to 6,983 ounces.
- Average realized gold price in Q3 2026 was a record $4,703 per ounce.
- Year-to-date gold production exceeded 25,000 ounces, meeting full-year guidance.
- Accelerated plant expansion includes a new 3,500 tpd SAG mill circuit and upgraded 2,000 tpd plant.
- Working capital improved to $36.3 million with a current ratio of 2.2.
Price Impact
More from TRX