TNX:CC - TRX Gold Q3 results hit record numbers as company remains on track with guidance

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TRX Gold CEO Stephen Mullowney joinedSteve Darling from Proactive to share news about the company'sthird-quarter performance, demonstrating substantial growth.

In the third quarter, Buckreef Gold poured4,764 ounces of gold and sold 4,810 ounces, resulting in a positiveoperating cash flow of $3.2 million. Moreover, for the year to date,Buckreef Gold achieved record production with 15,794 ounces poured and16,068 ounces sold, generating a positive operating cash flow of $14.6million.

Mullowney explained thatBuckreef Gold recognized revenue of $9.3 million and cost of sales of$5.4 million in 3Q, resulting in a gross profit of $3.9 million, agross profit margin of 42%, and an adjusted EBITDA (underlyingearnings) of $3.3 million.

For theyear to date, Buckreef Gold recognized revenue of $29.1 million andcost of sales of $15 million, leading to a gross profit of $14.1million, a gross profit margin of 48%, and an adjusted EBITDA of $11.6million.

The positive operatingcash flow has allowed the company to invest in the continued growth ofBuckreef Gold, including the procurement of an additional 1,000 tpdball mill to increase annual throughput by 75-100%. Additionally,advanced construction of an expanded tailings storage facility isunderway to accommodate higher production volumes.

Theseinvestments are part of the company's strategic approach tocontinue its growth trajectory and capitalize on its record productionachievements.

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