Our Core values
INTEGRITY: We believe that work should be conducted in an honest manner, so that TRX Gold can be a company that all stakeholders trust and are proud to do business with.
TRUST: Trust is all-encompassing and finds itself in even the minutia of our day-to-day activities. Our stakeholders trust us to deliver on our promises, as we trust those that support and assist us to get the job done. Working together with trust, TRX Gold can be a great success.
TRANSPARENCY: Transparency is critical to creating a trustworthy environment. We believe in open and unbiased communication with our stakeholders, knowing that sharing information with one another allows us to carry the Company forward in good and not-so-good times.
RESPECT: We are committed to respecting all of our stakeholders and to respecting one another in the workplace. This means being inclusive, communicative and open-minded, all of which foster growth and productivity.
Corporate OBJECTIVES
The Company’s flagship project is the Buckreef Gold Project, comprising a high-margin, open-pit gold mining operation and ongoing exploration drilling on highly prospective known gold-bearing zones, with the goal of growing the mineral resource estimate. This project is being rapidly advanced in a value accretive manner. Our business strategy is to utilize positive operating cash flow from operations to fund sustainable growth initiatives.
An expanding production profile: Since 2021, TRX Gold has successfully delivered three mill expansions on-time and on-budget, with the third expansion to 2,000 tonnes per day completed during Q4 2024. During fiscal 2025, the Company improved gold production due to accessing higher grade ore blocks after completion of scheduled stripping campaign, and report several record gold pours in recent months. In Q4 2025, TRX Gold achieved a record 6,404 ounces of gold poured, and performance continued into Q1 2026, with another quarterly production record of 6,550 ounces of gold. The Company expects that fiscal 2026 production will be in the range of 25,000 – 30,000 ounces of gold.
Ongoing, self-funded exploration: The Company continues to carry out exploration, brownfield and infill drilling at the expansive Buckreef Gold Project, with the objective of increasing the mineral resource. A number of initiatives are ongoing, such as: (i) exploration and drilling with a focus on potential mineral resource expansion at the Buckreef Main Zone (underground resource drilling), Stamford Bridge (exploration drilling), and Eastern Porphyry (grade control / resource drilling); (ii) capital programs focused on further plant upgrades and expansions to improve throughput and recoveries; and (iii) additional mining and drilling equipment to improve operating efficiency and lower mining cost per tonne and drilling cost per meter.
Advance the larger project development: During fiscal 2025, TRX Gold released a robust PEA, outlining a long-life, scalable asset with average gold production of approximately 62,000 ounces per year over a 17.6 year mine life, including an underground expansion, and an NPV5% of $1.9 billion pre-tax ($1.2 billion after-tax) at US$4,000 per ounce of gold. More recently, TRX Gold announced it has begun executing on a larger processing facility than was initially contemplated in the PEA, consisting of a 3,000+ tpd processing circuit for sulphide material as well as a 1,000 tpd processing circuit for oxide and transition material, and tailings retreatment, while also being capable of processing sulphide material. The newly designed processing plant expansion is now expected to produce average annual gold production in excess of the 62,000 ounces of gold published in the PEA and is expected to be financed from internally generated cashflow over the next 18-24 months. Any new discoveries at the Buckreef Gold Project will also be incorporated into the Company’s business plan over time.
