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    TRX Gold Reports Second Quarter 2026 Results

    4/15/26 6:15:00 AM ET
    $TRX
    Precious Metals
    Basic Materials
    Get the next $TRX alert in real time by email

    TORONTO, April 15, 2026 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX:TRX) (NYSE:TRX) (the "Company" or "TRX Gold") reported its results for the second quarter of 2026 ("Q2 2026") for the three and six months ended February 28, 2026. Financial results are available on the Company's website at www.TRXgold.com. Unless otherwise noted, all references to currency in this press release refer to US dollars.

    TRX Gold's CEO, Stephen Mullowney commented: "We yet again delivered a record quarter, with 7,453 ounces of gold poured and 7,314 ounces sold during Q2 2026. With an average realized price of $4,655 per ounce of gold, we generated outstanding financial results with revenue of $34.1 million, gross profit of $21.1 million (61% margin) and adjusted EBITDA1 of $20.2 million (59% margin). This was a direct result of running a low cost gold mine operation combined with increased production, which has provided the Company with leverage to the gold price. With a cash balance of $26.0 million, undrawn revolving credit lines of over $12.0 million, minimal debt and significant run rate adjusted EBITDA (Q2 2026: $20.2 million), we are well positioned to execute on our next plant expansion, which as detailed last week, will incorporate throughput rates for the new 3,500+ tonne per day ("tpd") plant and existing, upgraded process plant, providing a significant upgrade in processing capacity versus the 3,000 tpd assumed in the PEA last year. Finally, given all these positive factors, we're reviewing the life-of-mine plan at Buckreef and intend to update the PEA study with an expanded scale. The updated PEA is expected to have vastly improved economics versus last year's PEA which had average annual production of 62,000 ounces over an 18+ year mine life. We look forward to what's ahead for TRX Gold."

    Key highlights for Q2 2026 and Year to Date in 2026 include:

    • Reported Record Quarterly Production, Revenue, and Adjusted EBITDA: During Q2 2026, Buckreef Gold poured a record 7,453 ounces of gold and sold 7,314 ounces of gold at a record average realized price (net)1 of $4,655 per ounce, recognizing record revenue of $34.1 million, record gross profit of $21.1 million, gross profit margin of 62%, record adjusted net income1 of $11.7 million, operating cash flow of $8.9 million and record adjusted EBITDA1 of $20.2 million, all of which reflect increases compared to the prior year comparative period. The record quarterly results demonstrate the Company's ability to increase production while maintaining a low cost operation, which has provided leverage to record gold prices during Q2 2026.
    • Continued to Deliver Strong Financial Performance Year to Date in 2026: Year to date, the Company poured 14,050 ounces of gold and recognized revenue of $59.2 million, gross profit of $35.3 million, adjusted net income1 of $19.4 million, operating cash flow of $12.9 million and adjusted EBITDA1 of $33.5 million. Revenue, gross profit, adjusted net income, and adjusted EBITDA1 were all half year records for the Company.
    • Robust Recovery Rates Achieved: As reported last week, recovery rates between 89% - 92% were achieved from additional metallurgical test work, which is in line with prior studies and above the 88% recovery rate assumed in the PEA. The test work provided a more comprehensive understanding of optimal grind size for flotation and achievable mine feed from the mine plan, which has led the Company to specify a Semi Autogenous Grind ("SAG") / Ball mill combination of 3,500+ tpd, which is above the PEA processing plant size assumption of 3,000 tpd. Tendering for the SAG mill has commenced with orders expected to be placed in Q3 2026 and an initial estimated completion date of calendar Q2 2027.
    • Advancing Existing Processing Plant Upgrades and Increased Expansion: The existing processing plant is currently undergoing significant upgrades and will be available to continue operating in conjunction with the new 3,500+ tpd SAG mill processing plant, providing a significant upgrade in processing capacity versus the 3,000 tpd assumed in the PEA. Notable upgrades to the existing processing plant include a pre-leach thickener, upgraded agitators & interstage screens, Aachen reactor, oxygen plant, Adsorption, Desorption and Recovery ("ADR") plant, new gold room, apron feeder, belt magnet, and new tertiary crusher. These upgrades are currently in progress and are expected to be completed by calendar Q4 2026.
    • Strategic Mine Planning to Expand Further: During Q2 2026, the Company initiated a revision of the life-of-mine plan as a result of the expected increase in processing capacity and the increase in gold price well above the PEA reserve estimate assumption of US$1,900/oz. Preliminary analysis indicates the potential for an expanded third cutback at the Main Pit, which could extend open-pit operations, defer commencement of underground mining and enhance total recoverable ounces at Buckreef Gold. This is expected to improve the overall economics of the project. The Company is also evaluating the potential for an earlier start to underground mining at the Stamford Bridge orebody, alongside accelerating mining of the expanded Eastern Porphyry pit. The increase in throughput from the expanded processing capacity is expected to increase average annual gold production in excess of the 62,000 ounces of gold originally anticipated in the May 2025 PEA. The Company has hired P&E Mining Consultants Inc. to update the PEA, which is expected to be completed in Q4 2026.
    • Working Capital Significantly Strengthened: In Q2 2026, the Company continued to increase its working capital position through increased production, organically generated cashflow, improved liquidity and an increase in stockpile inventory. The ROM and crushed ore stockpile has grown to an estimated 20,147 ounces of contained gold as at February 28, 2026 (representing a fair market value of approximately $107.5 million at current market prices), as the Company continued to access higher grade ore blocks in the pit and processed a higher proportion of high grade mined material. As a result, the Company's current ratio has improved to a ratio of approximately 2.4 at February 28, 2026.
    • Advancing Exploration Plans with Drilling to Commence: During Q2 2026, the Company processed all of the detailed ground magnetic data collected from the 810 line-kilometer ground magnetic survey that commenced in Q1 2026. This high-resolution geophysical survey mapped subsurface magnetic variations across the tenement area and resulted in the identification of ten exploration targets. The Company initiated a Gradient Array Resistivity and Induced Polarisation survey to identify the areas of highest potential and prioritize drilling campaigns. Concurrently, the Company commissioned its first drill rig with the goal of upgrading the Mineral Resource at the Eastern Porphyry.
    • Strong Health, Safety, and Environmental Track Record: The Company achieved zero lost time injuries and there were no reportable environmental incidents during Q2 2026.

    Selected Operating and Financial Data

    Select operating and financial information from the operation for the three and six months ended February 28, 2026, follows below:

    Select Operating and Financial Data

     
           
     UnitThree months ended

    February 28, 2026
    Three months ended

    February 28, 2025
    Six months ended

    February 28, 2026
    Six months ended

    February 28, 2025
     
    Operating Data      
    Ore Minedk tonnes 140  109  368  217  
    Waste Minedk tonnes 2,028  927  3,157  1,742  
    Total Minedk tonnes 2,169  1,035  3,525  1,959  
    Strip Ratiow:o 14.4  8.5  8.6  8.0  
    Mining Ratetpd 24,096  11,501  19,474  10,822  
    Mining CostUS$/t$4.45 $3.90 $4.57 $3.94  
    Plant Ore Milledk tonnes 140  113  281  268  
    Head Gradeg/t 1.94  1.12  1.91  1.22  
    Plant Utilization% 89  83  90  86  
    Plant Recovery Rate% 84  74  80  73  
    Processing CostUS$/t$25.99 $15.90 $22.87 $14.00  
    Plant Mill Throughputtpd 1,560  1,259  1,550  1,480  
    Gold Ounces Pouredoz 7,453  3,004  14,050  7,845  
    Gold Ounces Soldoz 7,314  3,401  13,806  8,241  
    Financial Data      
    Revenue1$ ('000s) 34,072  9,107  59,189  21,635  
    Gross Profit$ ('000s) 21,052  2,144  35,267  6,978  
    Net (loss) income$ ('000s) (13,777) (1,941) (14,273) 196  
    Adjusted net income (loss)2$ ('000s) 11,655  (111) 19,387  1,761  
    Adjusted EBITDA2$ ('000s) 20,245  941  33,456  5,359  
    Operating Cash Flow$ ('000s) 8,847  2,022  12,867  4,403  
    Working capital5$ ('000s) 32,102  (2,184) 32,102  (2,184) 
    Average Realized Price (gross)2$/oz 4,659  2,678  4,287  2,625  
    Average Realized Price (net)2,3,4$/oz 4,655  2,739  4,281  2,676  
    Cash Cost2$/oz 1,506  1,765  1,507  1,541  
    1 Revenue includes immaterial amounts from the sale of by-product silver and copper.   
    2 Refer to the "Non-IFRS Performance Measures" section.    
    3 Net of revenue and ounces of gold sold related to OCIM gold prepaid purchase agreement.   
    4 Net of interest related to Auramet gold prepaid purchase agreement.    
    5 Working capital for the three and six months ended February 28, 2025 are adjusted for derivative liabilities which will only be settled by issuing equity of the Company and for the current portion of deferred revenue (non-cash) related to the Auramet prepaid gold purchase agreement. 
           

    Figure 1: Buckreef Gold Open Pit Main Zone Aerial View 

    Figure 1

    Figure 2: Buckreef Gold Crushing and Conveyor Circuit  

    Figure 2

    Figure 3: Buckreef Gold Ore Moving Through Crushing Circuit  

    Figure 3

    Figure 4: Buckreef Gold's 1,000 tpd ball mill 

    Figure 4

    Figure 5: Buckreef Gold Stage One Drilling

    Figure 5

    Figure 6: Stage 2 Expansion at Buckreef Gold 

    Figure 6

    Figure 7: Revised Process Flowsheet for the Upgraded and Expanded Plant 

    Figure 7

    Figure 8: Installation of New Belt Magnet

    Figure 8

    Figure 9: Pre-Leach Thickener Erection in Progress

    Figure 9

    Figure 10: Aachen ® Reactor Installed and Commissioned to Improve Processing Efficiency 

    Figure 10

    Q2 2026 Results Conference Call and Webcast Details

    When: Wednesday, April 15th at 9:00 AM EDT

    Webcast link:

    https://www.renmarkfinancial.com/live-registration/second-quarter-2026-results-virtual-conference-call-tsx-trx-nyse-american-trx-iyRLSBi2dF

    Conference call numbers:

    Canada/USA TF: 1-833-752-3900

    International Toll: +1-647-849-3080

    A replay will be made available for 30 days following the call on the Company's website.

    About TRX Gold Corporation

    TRX Gold is a high margin and growing gold company advancing the Buckreef Gold Project in Tanzania. Buckreef Gold includes an established open pit operation and 2,000 tonnes per day process plant with upside potential demonstrated in the May 2025 Preliminary Economic Assessment (the "PEA"). The PEA outlines average gold production of 62,000 oz per annum over 17.6 years at 3,000 tonnes per day of throughput capacity, and a US$1.9 –US$2.6 billion pre-tax NPV5% at average life of mine gold prices of US$4,000-US$5,000/oz2. The Buckreef Gold Project hosts a Measured and Indicated Mineral Resource of 10.8 million tonnes ("MT") at 2.57 grams per tonne ("g/t") gold containing 893,000 ounces ("oz") of gold and an Inferred Mineral Resource of 9.1 MT at 2.47 g/t gold for 726,000 oz of gold. The leadership team is focused on creating both near-term and long-term shareholder value by increasing gold production to generate positive cash flow to fund the expansion as outlined in the PEA and grow Mineral Resources through exploration. TRX Gold's actions are led by the highest environmental, social and corporate governance ("ESG") standards, evidenced by the relationships and programs that the Company has developed during its nearly two decades of presence in the Geita Region, Tanzania.

    Qualified Person

    Mr. Richard Boffey, BE Mining (Hons) F AusIMM, Chief Operating Officer of TRX Gold Corporation, is the Company's in-house Qualified Person under National Instrument 43-101 "Standards of Disclosure for Mineral Projects" ("NI 43-101") and has reviewed and assumes responsibility for the scientific and technical content in this press release.

    For investor or shareholder inquiries, please contact:

    Investors:

    Investor Relations

    [email protected]

    +1-437-224-5241

    +1 844 GOLD TRX (844-465-3879)

    www.TRXgold.com

    Non-IFRS Performance Measures

    The Company has included certain non-IFRS measures in this news release. The following non-IFRS measures should be read in conjunction with the Company's Unaudited Interim Condensed Consolidated Financial Statements for the three and six months ended February 28, 2026 filed on SEDAR+ and with the Securities and Exchange Commission ("SEC"), as well as the Company's audited consolidated financial statements included in the Company's Annual Report on Form 40-F and Annual Information Form for the year ended August 31, 2025. The financial statements and related notes of TRX Gold have been prepared in accordance with International Financial Reporting Standards ("IFRS"). Additional information has been filed electronically on SEDAR+ and with the SEC and is available online under the Company's profile at www.sedarplus.ca and the Company's filings with the SEC at www.sec.gov and on our website at www.TRXgold.com.

    Adjusted EBITDA

    Adjusted EBITDA is a non-IFRS performance measure and does not constitute a measure recognized by IFRS and does not have a standardized meaning defined by IFRS. Adjusted EBITDA may not be comparable to information in other gold producers' reports and filings. Adjusted EBITDA is presented as a supplemental measure of the Company's performance and ability to service its obligations. EBITDA is frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the industry, many of which present Adjusted EBITDA when reporting their results. Issuers present Adjusted EBITDA because investors, analysts and rating agencies consider it useful in measuring the ability of those issuers to meet their obligations. Adjusted EBITDA represents net income before interest, income taxes, and depreciation and also eliminates the impact of a number of items that are not considered indicative of ongoing operating performance.

    The following table provides a reconciliation of net (loss) income and comprehensive (loss) income to Adjusted EBITDA per the Unaudited Interim Condensed Consolidated Financial Statements for the three and six months ended February 28, 2026.

     Three Months EndedThree Months EndedSix Months EndedThree Months Ended 
     February 28, 2026February 28, 2025February 28, 2026February 28, 2025 
    Net (loss) income and comprehensive (loss) income per financial statements(13,777)(1,941)(14,273)196  
    Add:     
    Depreciation2,003 580 3,112 1,486  
    Interest, net and other expense205 1,320 539 1,641  
    Non-recurring severance and legal expenses- 406 - 430  
    Income tax expense6,342 142 11,370 1,835  
    Change in fair value of derivative financial instruments23,521 (839)30,521 (1,658) 
    Share-based payment expense1,951 1,273 2,187 1,429  
    Adjusted EBITDA20,245 941 33,456 5,359  
          

    Average realized price per ounce gold sold

    Average realized price per ounce of gold sold is a non-IFRS measure and does not constitute a measure recognized by IFRS and does not have a standardized meaning defined by IFRS. Average realized price per ounce of gold sold is calculated by dividing revenue by ounces of gold sold. It may not be comparable to information in other gold producers' reports and filings.

    The following table provides a reconciliation of average realized price per ounce of gold sold to revenue per the Unaudited Interim Condensed Consolidated Financial Statements for the three and six months ended February 28, 2026.

          
     Three Months EndedThree Months EndedSix Months EndedThree Months Ended 
     February 28, 2026February 28, 2025February 28, 2026February 28, 2025 
    Revenue per financial statements$34,072 $9,107 $59,189 $21,635  
    Interest recognized from Auramet prepaid gold purchase agreement (28) -  (87) -  
    Revenue recognized from OCIM prepaid gold purchase agreement -  (1,403) -  (2,319) 
    Revenue from gold sales 34,044  7,704  59,102  19,316  
    Ounces of gold sold 7,314  3,401  13,806  8,241  
    Ounces of gold sold from OCIM prepaid gold purchase agreement -  (588) -  (1,023) 
    Ounces from gold sales (net of OCIM prepaid gold purchase agreement) 7,314  2,813  13,806  7,218  
    Average Realized Price (gross)$4,659 $2,678 $4,287 $2,625  
    Average Realized Price (net)$4,655 $2,739 $4,281 $2,676  
          

    Cash cost per ounce of gold sold

    Cash cost per ounce of gold sold is a non-IFRS performance measure and does not constitute a measure recognized by IFRS and does not have a standardized meaning defined by IFRS. Cash cost per ounce may not be comparable to information in other gold producers' reports and filings. The following table provides a reconciliation of total cash cost per ounce of gold sold to cost of goods sold per the financial statements for the three and six months ended February 28, 2026.

          
     Three Months EndedThree Months EndedSix Months EndedThree Months Ended 
     February 28, 2026February 28, 2025February 28, 2026February 28, 2025 
    Cost of sales per financial statements$13,020 $6,963 $23,922 $14,657  
    Less:     
    Depreciation$(2,003)$(580)$(3,112)$(1,486) 
    Costs related to settlement of OCIM gold purchase agreement$- $(1,125)$- $(1,125) 
    Total cash cost$11,017 $5,258 $20,810 $12,046  
    Ounces of gold sold 7,314  3,401  13,806  8,241  
    Less:     
    Ounces related to settlement of OCIM gold purchase agreement -  (422) -  (422) 
    Total ounces of gold sold net of OCIM gold purchase agreement settlement 7,314  2,979  13,806  7,819  
    Cash Cost per Ounce of Gold Sold $1,506 $1,765 $1,507 $1,541  
          

    Adjusted Net Income

    Adjusted Net Income is a non-IFRS performance measure and does not constitute a measure recognized by IFRS and does not have a standardized meaning defined by IFRS. Adjusted Net Income may not be comparable to information in other gold producers' reports and filings. Adjusted Net Income is presented as a supplemental measure of the Company's performance. Adjusted Net Income is frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the industry, many of which present Adjusted Net Income when reporting their results.

    Management uses this measure internally to evaluate the underlying operating performance for the reporting periods presented. Management believes that Adjusted Net Income is a useful measure of performance because the items excluded from Net Income do not reflect the underlying operating performance of the core mining business and are not necessarily indicative of future operating results.

    The Company presents Adjusted Net Income to enable investors, analysts and rating agencies to better understand the underlying operating performance of the core mining business through the eyes of management. Adjusted Net Income is a non-IFRS financial measure which excludes the following from net income (loss): foreign exchange losses (gains), interest and other expense, change in fair value of derivative instruments, and share-based expenses, which are not considered indicative of the Company's underlying operating results for the reporting periods presented or for future operating performance.

    The following table provides a reconciliation of net (loss) income and comprehensive (loss) income to Adjusted Net Income per the financial statements for the three and six months ended February 28, 2026.

          
     Three Months EndedThree Months EndedSix Months EndedThree Months Ended 
     February 28, 2026February 28, 2025February 28, 2026February 28, 2025 
    Net (loss) income and comprehensive (loss)income per financial statements(13,777)(1,941)(14,273)196  
    Add:     
          
    Foreign exchange (gains) losses(245)76 413 153  
    Interest, net and other expense205 1,320 539 1,641  
    Change in fair value of derivative financial instruments23,521 (839)30,521 (1,658) 
    Share-based payment expense1,951 1,273 2,187 1,429  
    Adjusted Net Income (Loss)11,655 (111)19,387 1,761  
          

    The Company has included "Adjusted EBITDA", "average realized price per ounce of gold sold", "cash cost per ounce of gold sold" and "Adjusted Net Income" and as non-IFRS performance measures throughout this news release as TRX Gold believes that these generally accepted industry performance measures provide a useful indication of the Company's operational performance. The Company believes that certain investors use this information to evaluate the Company's performance and ability to generate cash flow. Accordingly, they are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

    Forward-Looking and Cautionary Statements

    This press release contains certain forward-looking statements as defined in the applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "hopes", "intends", "estimated", "potential", "possible" and similar expressions, or statements that events, conditions or results "will", "may", "could" or "should" occur or be achieved. Forward-looking statements relate to future events or future performance and reflect TRX Gold management's expectations or beliefs regarding future events and include, but are not limited to, statements with respect to anticipated gold production, anticipated capital and exploration expenditures, continued operating cash flow, expansion of its process plant, estimation of mineral resources, ability to develop value creating activities, recoveries, subsequent project testing, success, scope and viability of mining operations, and the timing and amount of estimated future production.

    Although TRX Gold believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. The actual achievements of TRX Gold or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors. These risks, uncertainties and factors include general business, legal, economic, competitive, political, regulatory and social uncertainties; actual results of exploration activities and economic evaluations; fluctuations in currency exchange rates; changes in costs; future prices of gold and other minerals; mining method, production profile and mine plan; delays in exploration, development and construction activities; changes in government legislation and regulation; the ability to obtain financing on acceptable terms and in a timely manner or at all; contests over title to properties; employee relations and shortages of skilled personnel and contractors; the speculative nature of, and the risks involved in, the exploration, development and mining business. These risks are set forth in reports that TRX Gold files with the SEC and the various Canadian securities authorities. You can review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml and the Company's profile on the System for Electronic Document Analysis and Retrieval ("SEDAR+") at www.sedarplus.ca.

    The disclosure contained in this press release of a scientific or technical nature relating to the Company's Buckreef Project has been summarized or extracted from the technical report prepared in accordance with NI 43-101 – Standards of Disclosure for Mineral Projects on the Buckreef Gold Project ("Buckreef Gold") titled Preliminary Economic Assessment and Updated Mineral Resource Estimate of the Buckreef Gold Mine Project, Tanzania ("PEA") with an effective date of April 15, 2025. The PEA was prepared in accordance with NI 43-101 guidelines by P&E Mining Consultants Inc. ("P&E"). Input to this PEA was also provided by D.E.N.M. Engineering Ltd. ("D.E.N.M."). The information contained herein is subject to all of the assumptions, qualifications and procedures set out in, and is qualified in its entirety by reference to the full text of, the PEA and reference should be made to the full details of the PEA which has been filed with the applicable regulatory authorities and is available on the Company's profile at www.sedarplus.ca.

    The information contained in this press release is as of the date of the press release and TRX Gold assumes no duty to update such information.


    1 Refer to "Non-IFRS Performance Measures" section.

    2 Base case NPV5% of US$701.0 million pre-tax, or US$442.2 million after tax at consensus forecast case gold prices (US$2,707/oz year 1, US$2,646/oz year 2, US$2,495/oz year 3, US$2,400/oz year 4, US$2,245/oz thereafter).



    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a591604b-4755-4684-b337-abe21a8c84f0 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/16348d78-38a8-494a-9102-2ddeb8f0462a 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c802316e-b55d-44d7-82fc-51bb39040b9e

    https://www.globenewswire.com/NewsRoom/AttachmentNg/96b69285-4f7b-4cbe-9ede-8796bfdeef9f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6b448f01-9370-416b-98aa-0f91537df025 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/faec7841-a78c-4e6e-827e-37b0576aa4ac 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fd8c420a-ca7e-4b7a-8270-76aef92b4cca 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/042f52f4-4fb9-4227-8786-77ff01cf4384 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ea7c4a6d-afb7-46ae-9cdf-4ff6ad0db697 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/08342610-fcf8-418c-a845-65c5d8742e33



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    TORONTO, Jan. 15, 2026 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX:TRX) (NYSE:TRX) (the "Company" or "TRX Gold") reported its results for the first quarter of 2026 ("Q1 2026") for the three months ended November 30, 2025. Financial results are available on the Company's website at www.TRXgold.com. Unless otherwise noted, all references to currency in this press release refer to US dollars. TRX Gold's CEO, Stephen Mullowney commented: "In Q1, we once again delivered record results, in line with guidance shared last quarter, pouring a record 6,597 ounces of gold and selling 6,492 ounces of gold at an average realized price of $3,860 per ounce, generating revenue of $25.1 million, gross pr

    1/15/26 6:15:00 AM ET
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    TRX Gold Reports 2026 Annual Meeting Voting Results

    TORONTO, March 09, 2026 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX:TRX) (NYSE:TRX) (the "Company" or "TRX Gold") is pleased to announce the voting results from its Annual General and Special Meeting (the "Meeting"), held on February 25, 2026. A total of 136,312,808 common shares were voted representing 47.276% of the issued and outstanding common shares of the Company. Shareholders voted in favor of all items of business before the Meeting, as follows: ITEM VOTED UPONRESULTS OF VOTE – FORRESULTS OF VOTE – WITHHOLD/AGAINSTRESULTS OF VOTE -ABSTAINEDSet the number of directors at five (5)135,533,107 (99.428%)779,701 (0.572%)0 (0.000%)Appoint Stephen Mullowney as director93,539,532 (99.459

    3/9/26 6:15:00 AM ET
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    TRX Gold Reports 2024 Annual Meeting Voting Results and Welcomes New Director

    TORONTO, March 10, 2025 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX:TRX) (NYSE:TRX) (the "Company" or "TRX Gold") is pleased to announce the voting results from its Annual General and Special Meeting, held February 27, 2025. A total of 123,954,147 common shares were voted representing 43.98% of the issued and outstanding common shares of the Company. Shareholders voted in favor of all items of business before the Meeting, as follows: Item Voted Upon Results of Vote - ForResults of Vote – Withhold/AgainstSet the number of directors at five (5)121,582,773 (98.09%)2,371,374 (1.91%)Appoint Stephen Mullowney as director84,809,335 (98.26%)1,499,802 (1.74%)Appoint Dr. Norman Betts as direct

    3/10/25 10:35:30 AM ET
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    TRX Gold Appoints New Chief Operating Officer

    TORONTO, Dec. 06, 2024 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX:TRX) (NYSE:TRX) (the "Company" or "TRX Gold") is pleased to announce the appointment of Richard Boffey as Chief Operating Officer ("COO"), effective immediately. Mr. Boffey is a seasoned executive, bringing more than 35 years of operational experience to the TRX Gold team and will be instrumental in the continued growth and development of Buckreef Gold. TRX Gold's CEO, Stephen Mullowney stated: "We would like to welcome Richard to the team; he has an outstanding track record delivering growth and operational excellence globally. He brings to this position a strong reputation for managing open pit and underground operatio

    12/6/24 6:30:00 AM ET
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    SEC Form 6-K filed by TRX Gold Corporation

    6-K - TRX GOLD Corp (0001173643) (Filer)

    4/15/26 6:15:06 AM ET
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    SEC Form 6-K filed by TRX Gold Corporation

    6-K - TRX GOLD Corp (0001173643) (Filer)

    4/8/26 6:15:04 AM ET
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    SEC Form 6-K filed by TRX Gold Corporation

    6-K - TRX GOLD Corp (0001173643) (Filer)

    3/17/26 5:18:45 PM ET
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    Alliance Global Partners initiated coverage on Tanzanian Royalty Exploration with a new price target

    Alliance Global Partners initiated coverage of Tanzanian Royalty Exploration with a rating of Buy and set a new price target of $1.50

    2/16/21 7:05:17 AM ET
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    TRX Gold Reports Second Quarter 2026 Results

    TORONTO, April 15, 2026 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX:TRX) (NYSE:TRX) (the "Company" or "TRX Gold") reported its results for the second quarter of 2026 ("Q2 2026") for the three and six months ended February 28, 2026. Financial results are available on the Company's website at www.TRXgold.com. Unless otherwise noted, all references to currency in this press release refer to US dollars. TRX Gold's CEO, Stephen Mullowney commented: "We yet again delivered a record quarter, with 7,453 ounces of gold poured and 7,314 ounces sold during Q2 2026. With an average realized price of $4,655 per ounce of gold, we generated outstanding financial results with revenue of $34.1 milli

    4/15/26 6:15:00 AM ET
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    TRX Gold Reports Robust Recovery Rates from Recent Study and Significant Increase in Plant Expansion Scope

    TORONTO, April 08, 2026 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX:TRX) (NYSE:TRX) (the "Company" or "TRX Gold") is pleased to announce results of ongoing metallurgical test work at the Buckreef Gold Project ("Buckreef Gold") as part of its current flowsheet optimisation and future expanded processing plant development. The Company is in the process of planning and executing a much larger processing plant expansion than originally anticipated in the May 2025 Preliminary Economic Assessment ("PEA") at Buckreef Gold.   Robust Recovery Rates Achieved: Recovery rates between 89% - 92% were achieved from the additional test work, which is in line with prior studies and above the 88% recover

    4/8/26 6:15:00 AM ET
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    TRX Gold Reports 2026 Annual Meeting Voting Results

    TORONTO, March 09, 2026 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX:TRX) (NYSE:TRX) (the "Company" or "TRX Gold") is pleased to announce the voting results from its Annual General and Special Meeting (the "Meeting"), held on February 25, 2026. A total of 136,312,808 common shares were voted representing 47.276% of the issued and outstanding common shares of the Company. Shareholders voted in favor of all items of business before the Meeting, as follows: ITEM VOTED UPONRESULTS OF VOTE – FORRESULTS OF VOTE – WITHHOLD/AGAINSTRESULTS OF VOTE -ABSTAINEDSet the number of directors at five (5)135,533,107 (99.428%)779,701 (0.572%)0 (0.000%)Appoint Stephen Mullowney as director93,539,532 (99.459

    3/9/26 6:15:00 AM ET
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