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 2M+ ounce gold mineral resource1. 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 two mill expansions, with the third expansion expected to be commissioned during Q4 2024. From 1,000 tonnes per day (“tpd”) to 2,000 tpd, the Company will increase processing capacity by 75% to 100% with a revised and increased production guidance expected for fiscal 2025.
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) step-out drilling in the northeast and southwest extension of Buckreef Main; (ii) infill drilling to upgrade Mineral Resources currently in the Inferred category in Buckreef Main; (iii) infill drilling program of Buckreef West; (iv) and carrying out an exploration and brownfield program at Anfield and Eastern Porphyry.
Advance the larger project development: Unlocking the value of the 2M+ ounce gold deposit1, in which 90% is found within sulphide ore, is the ultimate goal of the Company. TRX Gold is currently advancing work supporting this objective, including geotechnical, metallurgical, engineering and long-term tailings storage management. It is our goal to exceed all metrics as outlined in the 2020 Technical Report, including annual production and strip ratio. The Company’s long-term goal is to develop Buckreef Gold into a 100,000+ ounce gold mining operation.
