TRX Gold Corporation reported strong Q3 2025 financial results, driven by increasing production and record gold prices, while actively advancing its $1.2 billion Buckreef Gold PEA roadmap through self-funded operational expansions and strategic grade profile improvements.
- The company released a Preliminary Economic Assessment (PEA) for its Buckreef Gold project, outlining a robust 18-year mine life with average annual production of 62,000 ounces and a post-tax Net Present Value (NPV) of $750 million at $3,000 gold, based on a 3,000 tonnes per day processing capacity. This study provides a clear roadmap for value creation within the Buckreef Main Zone.
- TRX Gold emphasized its commitment to a self-funding growth strategy, projecting approximately $90 million in capital expenditures over the next 3-4 years for plant expansions and underground mine development, leveraging organically generated operating cash flow to avoid external capital raises for the PEA execution.
- Significant incremental plant optimization and expansion plans are underway, including the addition of a pre-leach thickener and a new Absorption Desorption Recovery (ADR) plant within the next 6-18 months, targeting improved gold recovery rates to the low 80s, with further expansion to 3,000-4,000 tonnes per day and recoveries in the high 80s to low 90s through a flotation circuit and fine grinding.