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Image source: © 2025 Krish Capital Pty. Ltd.
Highlights
- TRX’s Q3 revenue reached USD 12.5 million; gold sold at USD 3,114 average realized price per ounce
- Net income for Q3 was USD 1.1 million; operating cash flow totaled USD 3.4 million
- Working capital improved from negative USD 3.3 million to positive USD 3.9 million after quarter-end
TRX Gold Corporation (TSX:TRX; NYSE American:TRX) reported financial results for the third quarter ended May 31, 2025, highlighting a profitable quarter driven by higher-grade ore access, increased daily production, and lower cost per tonne. The company generated net income of USD 1.1 million, with operating cash flow of USD 3.4 million and adjusted EBITDA of USD 4.0 million for the quarter.
TRX Gold operates the Buckreef Gold Project in Tanzania and has focused its efforts in 2025 on expanding ore access, enhancing processing efficiency, and building cash reserves. Revenue for the quarter reached USD 12.5 million, driven by the sale of 3,995 ounces of gold at an average realized price of USD 3,114 per ounce. Production benefited from lower mining and processing costs per tonne—USD 3.63 and USD 14.60 respectively—contributing to improved profitability.
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