Tanzanian Gold Corporation Earnings Recaps
Q2 2026
Apr 16, 2026
TRX Gold delivered a record-breaking Q2, with significant operational growth and robust financial performance driven by higher gold prices and expanded milling capacity.
Key takeaways
- Q2 gold production reached nearly 7,500 ounces, setting a new quarterly record.
- Record quarterly revenue of over $34 million, with adjusted EBITDA exceeding $20 million—annualized EBITDA over $80 million.
- Realized gold price hit a record average of $4,655 per ounce, amplifying profitability.
- Strong working capital position at $26 million and access to $12 million credit lines, supporting ongoing expansion.
- Company maintains full-year production guidance, with expansion plans underway leveraging higher gold prices and operational efficiencies.
Q1 2026
Jan 20, 2026
TRX Gold Corporation achieved record production and financial results in Q1 2026, driven by increased throughput, higher-grade ore access, and favorable gold prices.
Key takeaways
- Production reached nearly 6,600 ounces, marking a substantial increase compared to prior periods.
- Record quarterly revenue exceeded $25 million, alongside adjusted EBITDA of over $13 million.
- Cash cost remained stable at approximately $1,500 per ounce, positioning the company favorably within the cash cost curve.
- Working capital improved to $15 million, enhancing the balance sheet as free cash flow enabled ongoing investments in plant expansions and upgrades.
- Gold realized prices increased to over $4,600 an ounce shortly after the quarter end, further enhancing profit margins.