TRX Gold
Primary ticker: NYSE-A:TRX
Stage of development: Development, Production
Primary minerals: Gold
Project to promote: Buckreef Gold Project
Project location: Tanzania
Website: www.TRXGold
Corporate presentation:
Corporate Factsheet: Click here , Click here
TRX Gold is developing the Buckreef Gold project in Tanzania, which consists of a low-risk, high-margin open-pit gold mining operation and 2M+ ounces gold in M&I Mineral Resource at the 16km2 property. The Company is nearing completion of its 3rd mill expansion and will return to exploration drilling in the next quarter with the goal of increasing the mineral resource. Annual production guidance for fiscal2024 is 25,000-30,000oz and an increase in guidance for fiscal 2025 once the mill expansion is complete. The Company is self-funded through consistent positive operating cash flow and has not had to raise equity since 2021.
Cash: USD $8M
Debt: NIL
Major shareholders:
Management Ownership – 15 %
Financials
Management Profile
Stephen Mullowney – Chief Executive Officer
What is your rationale for taking part in 121 Mining Investment?
Looking for new institutional investors
What recent news would you like to highlight to investors attending?
Short term gold production growth, low risk high margin open pit
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Complete mill expansion
6 Months:
Increase annual gold production guidance
12 Months:
Update Mine Plan for next 5-7 years, update mineral resource
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Overall economy and price of gold
What do you think makes your company such a compelling investment?
Zero debt, self-funding growth, high-margin gold production