TRX Gold reports $115 million in revenue and $66.8 million in adjusted EBITDA for Q3, driven by improved throughput and gold recoveries.
TRX Gold announced record third-quarter financial results, generating $115 million in revenue and $66.8 million in adjusted EBITDA. The company produced nearly 28,000 ounces of gold over the last 12 months, reaching the low end of its full-year guidance of 25,000 to 30,000 ounces.
Throughput at the Buckreef Gold Project hit 1,690 tons per day, with recovery rates improving to nearly 85% from 67% a year earlier. The company attributed gains to metallurgical upgrades and new equipment, including a thickener and oxygen plant.
TRX Gold expects to fund expansion projects largely through internal cash flow, citing confidence in sustained operational performance.