TRX Gold Reports Record Production and Plant Upgrades

TORONTO, Sept. 14, 2026 /CourierPR/ -- TRX Gold Corporation has announced record-breaking production figures for the fourth quarter of 2026, marking a significant milestone in the company’s operations. The firm reported a gold production of 8,173 ounces, a 28% increase from the 6,404 ounces produced in the same period in 2025. This achievement not only surpassed the company’s full-year production guidance but also set a new annual record with 29,650 ounces of gold produced, a 57% increase from the 18,935 ounces recorded in 2025.

The robust performance can be attributed to a combination of factors, including a higher average market price for gold and improved operational efficiency. During the fourth quarter, the company benefited from a gold price of approximately $4,233 per ounce, a 26% increase from the previous year. This price increase, coupled with higher production, contributed to significantly higher revenue for the quarter.

TRX Gold has also made significant strides in upgrading its processing plant, which has already begun to show positive results. The company has implemented a series of upgrades, including the installation of a pre-leach thickener, upgraded agitators and interstage screens, an Aachen reactor, an oxygen plant, and an Adsorption, Desorption, and Recovery (ADR) plant. These improvements have not only enhanced the plant’s reliability and performance but also increased throughput, gold recovery, and overall production.

Looking ahead, TRX Gold is planning a substantial expansion of its processing plant to further increase its production capacity. The company has secured contracts for a Semi Autogenous Grind (SAG) / Ball mill combination of 3,500 tonnes per day, a significant upgrade from the 3,000 tonnes per day capacity assumed in the company’s previous Preliminary Economic Assessment (PEA). The new plant is expected to be operational within the next 12 to 18 months, providing a significant boost to the company’s future production capabilities.

In addition to these operational improvements, TRX Gold has intensified its exploration efforts. During fiscal 2026, the company drilled approximately 175 holes, totaling 14,500 meters, across various exploration activities. This drilling campaign, which was primarily completed in the second half of the fiscal year, utilized one Company-owned reverse circulation (RC) drill rig and one contractor diamond drill (DD) rig. To further enhance its exploration capacity, TRX Gold has purchased additional drilling equipment, including an additional DD rig, a new RC rig, and a new RC/DD combination rig.

Stephen Mullowney, CEO of TRX Gold, expressed satisfaction with the company’s performance, stating, “We are very pleased to have delivered record quarterly and annual gold production in fiscal 2026, achieving the top end of our production guidance while continuing to improve the performance and reliability of our processing plant. The combination of higher production, a robust gold price environment, and a strong balance sheet positions us well as we continue to build momentum across the business.”

The company’s strong financial position and the successful execution of its growth plans are expected to create long-term value for shareholders. TRX Gold remains committed to increasing gold production to generate positive cash flow, fund the expansion as outlined in the PEA, and grow mineral resources through exploration. The company’s actions are guided by the highest environmental, social, and corporate governance (ESG) standards, as evidenced by the relationships and programs it has developed during its nearly two decades of presence in the Geita Region, Tanzania.

TRX Gold’s focus on both near-term and long-term shareholder value underscores its strategic approach to growth and sustainability. With a clear path to increased production and a strong balance sheet, the company is well positioned to execute on its growth plans and continue to deliver value to its stakeholders.