TRX Gold Corp (AMEX:TRX)

Q1 2025 TRX Gold Corp Earnings Call Transcript

Jan 21, 2025 / 04:00 PM GMT

Release Date Price: $0.311 (-2.81%)

Transcript

Key Points

Positve

TRX Gold Corp (TRX) has successfully reduced operating costs by over half, even with a lower grade profile.
The company has increased its throughput by over 100% year-over-year, reaching over 1,700 tons per day.
TRX Gold Corp (TRX) benefited from record high gold prices, realizing $2,653 per ounce, which is $700 higher than the previous year.
The expanded plant has demonstrated significant economies of scale, leading to a 111% decrease in processing cost per ton.
The company has a robust exploration program with promising results, particularly at Stanford Bridge, which has returned the highest grades to date.

Negative

The lower grade profile in Q1 2025 resulted in less gold being processed compared to Q1 2024.
Recovery rates have declined due to the lower grade ore and stripping activities.
The company is currently undergoing a stripping campaign, which involves mining a higher proportion of waste tons, impacting short-term production.
Operational efficiencies are still being optimized, with ongoing refurbishments and upgrades needed for the plant.
The flotation circuit, which could improve recovery rates, is still in the planning phase and may take up to 12 months to implement.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TRX.A - TRX Gold Corp
Q1 2025 TRX Gold Corp Earnings Call
Jan 21, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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To introduce MS Christina Lawley, Vice President, Investor Relations with TRX Gold. Christina. The floor is yours.

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Unidentified_2 [2]
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Thank you, Chuck.

Welcome everyone to the TRX Gold Corporate corporation first quarter, 2025 results presentation with us today is our Chief Executive Officer, Steven Maloney, Chief Operating Officer Michael Leonard and newly joined Chief Operating Officer Richard Baue.

As a reminder, all participants are in listen-only mode and the meeting is being recorded after the presentation, there will be an opportunity to ask

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