TRX Gold Advancing Processing Plant Expansion Throughput To Be Greater Than 3,000 TPD

On November 4, 2025, TRX Gold announced an update on the processing plant expansion at its Buckreef Gold Project. The company is advancing a larger expansion than contemplated in the April 2025 Preliminary Economic Assessment (PEA). The new plan includes a 3,000+ tonnes per day (TPD) circuit for sulphide material and a separate 1,000 TPD circuit for oxide/transitional material and tailings retreatment. This is expected to result in average annual gold production exceeding the 62,000 ounces outlined in the PEA. The capital cost is estimated at approximately US$30 million, which the company plans to finance from internally generated cash flow over the next 18-24 months.

This news is materially positive and represents a significant enhancement to the company's growth strategy outlined earlier in the year.

TRX Gold Corporation is a gold producer operating in Tanzania. Its flagship asset is the Buckreef Gold Project, a producing open-pit gold mine. The company has been executing a phased development strategy, successfully expanding its processing plant from a pilot plant to its current capacity. The long-term plan, outlined in a 2025 PEA and updated by the most recent news, involves a major expansion to over 4,000 TPD and a transition to include underground mining, aiming to become a significant mid-tier gold producer.