TRX Gold Delivers 57% Production Increase While Self-Funding a $50M Mill Expansion - cruxinvestor.com

AI desk brief

TRX Gold reported record fiscal 2026 gold production of 29,650 oz, up 57% YoY and at the top end of guidance, while realized gold prices rose 46% YoY to about $4,386/oz. The company says it is self-funding a $50 million mill expansion entirely from operating cash flow, with zero debt and run-rate EBITDA around $80 million.

The expansion lifts theoretical processing capacity to 5,500 tpd as a new 3,500 tpd SAG/ball mill runs alongside the existing 2,000 tpd plant, with completion expected in 12-18 months. TRX also noted its addition to the MVIS Global Junior Gold Miners Index, which could pave the way for inclusion in VanEck's GDXJ ETF, while an updated PEA is due by early 2027 and drill rigs are set to increase from two to five over the next few months.