TRX Gold Corp (TSX:TRX)

Q2 2025 TRX Gold Corp Earnings Call Transcript

Apr 23, 2025 / 01:00 PM GMT

Release Date Price: C$0.445 (-2.20%)

Transcript

Key Points

Positve

TRX Gold Corp (TRX) reported a significant increase in the grade profile, leading to lower cash costs and higher profitability.
The company has successfully expanded its operations to 2,000 tons per day and is planning further expansions, demonstrating operational growth.
The Preliminary Economic Assessment (PEA) indicates a pre-tax NPV of $1.2 billion and a post-tax NPV of $766 million at $3,000 gold, showcasing strong economic potential.
TRX Gold Corp (TRX) is operating in a tier-one jurisdiction in Tanzania, with a special mining license allowing for unencumbered growth.
The company has a robust plan for underground development, which is expected to be capital efficient and enhance production capabilities.

Negative

The company faces challenges with the current share price, which has not reflected the operational improvements and economic potential.
There are concerns about the timeline for expansion, as accelerating it could increase the risk profile.
The underground development requires careful planning around existing voids from previous mining operations, which could pose operational challenges.
TRX Gold Corp (TRX) is still in negotiations with the Tanzanian government regarding joint venture shares, which could impact future operations.
The company needs to continue exploration efforts to fully realize the potential of its assets, which requires additional investment and time.

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

TRX.A - TRX Gold Corp
Q2 2025 TRX Gold Corp Earnings Call
Apr 23, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you and welcome, everybody. We will now pause for a moment to allow participants to make their way in from the lobby.

And welcome everyone to today's event, the TRX Gold Corporation 2nd quarter 2025 results presentation.

As a reminder, all participants today are in a listen-only mode, and the meeting is being recorded.

After today's presentation, there will be an opportunity to ask questions. If you wish to ask a question, please click the Q&A icon on the left hand side of the screen. You will see the options Raise your hand to join the queue and ask your question verbally or write a question to submit your question in writing.

When you are introduced, you may see a prompt on your screen. If you do,

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