Tanzanian Gold Corporation Q2 2026 Earnings Recap

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.