TRX Gold Corporation is a Canadian gold mining company delivering record gold production growth at its flagship Buckreef Gold Project in Tanzania. With consecutive quarterly production records, a self-funded expansion plan, and a $1.9 billion pre-tax NPV, TRX Gold is building long-term shareholder value from the ground up.
Tanzania isn't typically the first place investors think of when they picture a thriving gold operation. But TRX Gold Corporation is changing that—one record quarter at a time.
As a growing Canadian gold mining company, TRX Gold has spent nearly two decades establishing itself in the Geita Region of Tanzania. The results are speaking for themselves: back-to-back quarterly production records, a landmark Preliminary Economic Assessment (PEA), and an ambitious plant expansion that puts the company on a trajectory well beyond its original projections.
The Buckreef Gold Project is TRX Gold's flagship asset—a high-margin, open-pit gold mining operation with a 2,000 tonnes per day (tpd) processing plant and significant upside potential. Located in Tanzania, the project hosts a Measured and Indicated Mineral Resource of 10.8 million tonnes at 2.57 g/t gold, containing 893,000 ounces of gold, plus an Inferred Mineral Resource of 9.1 million tonnes at 2.47 g/t gold for 726,000 ounces.
The May 2025 PEA outlines an average annual gold production of 62,000 ounces over a 17.6-year mine life, with a pre-tax NPV5% of $1.9 billion at an average gold price of $4,000 per ounce. These aren't small numbers—and TRX Gold is already delivering on the early stages of that vision.
Since 2021, TRX Gold has completed three mill expansions—each one on time and on budget. The third expansion, bringing capacity to 2,000 tpd, was completed in Q4 2024. That kind of consistent delivery builds confidence, and the production numbers back it up.
In Q4 2025, TRX Gold achieved a record 6,404 ounces of gold poured. The following quarter, it surpassed that milestone again, pouring 6,550 ounces in Q1 2026. For fiscal year 2026, the company expects total gold production in the range of 25,000 to 30,000 ounces.
Rather than standing still after the PEA, TRX Gold has since announced a larger processing facility than originally planned. The expanded design includes:
Together, this expanded plant is expected to produce average annual gold in excess of the 62,000 ounces outlined in the PEA. Crucially, TRX Gold plans to fund this expansion entirely from internally generated cash flow over the next 18–24 months—no dilution required.
TRX Gold isn't just focused on what's already in the ground. Ongoing exploration and drilling across multiple zones—including Buckreef Main Zone, Stamford Bridge, and Eastern Porphyry—are aimed at expanding the mineral resource estimate over time. Any new discoveries will be folded into the broader business plan, adding further upside to an already compelling asset.
What sets TRX Gold apart as a gold producer is its self-funded growth model. Rather than relying on equity raises or debt to finance expansion, the company leverages positive operating cash flow to fund its own development. That approach keeps shareholder interests front and center.
TRX Gold also operates with a clear set of core values—integrity, trust, transparency, and respect—which guide how the company works with communities, partners, and investors alike. After nearly two decades in the Geita Region, those relationships run deep.