GlobeNewswire·Sep 14, 2026, 6:15 AM ET

TRX Gold Delivers Record Q4 2026; Achieves Top End of Production Guidance

TRX

TRX Gold announced record Q4 2026 gold production of 8,173 ounces, a 28% increase from the prior year, while full-year 2026 production reached 29,650 ounces, a 57% rise that achieved the top end of the 25,000-30,000 ounce guidance range.
Average gold prices surged to $4,233 per ounce in Q4 2026 (up 26% year-over-year) & $4,386 per ounce for the full year (up 46%), driving significantly higher revenue compared to 2025.
Upgrades to the 2,000 tpd processing plant, including new reactors, an oxygen plant, & an ADR facility, improved throughput, recovery, & reliability during Q4 2026.
The Company finalized contracts in early Q4 2026 for a 3,500 tpd SAG/Ball mill expansion, with completion expected in 12-18 months, which will operate alongside the existing plant to exceed the 62,000 ounce annual production target from the 2025 PEA.
Exploration at the Buckreef Gold Project ramped up in 2026 with 175 drill holes totaling 14,500 meters, & additional RC & DD rigs are being commissioned to boost capacity for greenfield targets.
CEO Stephen Mullowney highlighted the combination of record production, strong gold prices, & a robust balance sheet as key drivers for executing accelerated growth plans & shareholder value creation.
The project holds a Measured & Indicated Resource of 10.8 MT at 2.57 g/t gold (893,000 oz) & an Inferred Resource of 9.1 MT at 2.47 g/t gold (726,000 oz), with a PEA estimating a pre-tax NPV of $1.9-$2.6 billion.
Preliminary financial results will be detailed further in November 2026, as current figures are unaudited & subject to change.