TRX Gold Posts Higher Adjusted Earnings and Revenue for Its Fiscal Third Quarter
TRX Gold (TRX.TO) after trade Wednesday reported fiscal third-quarter adjusted earnings of $10.1 million, up from $2 million a year ago. Three analysts polled by FactSet expected $0.03 per share. Revenue for the quarter ended May 31 was $32.9 million, up from $12.5 million a year earlier. Three analysts expected revenue of $34.9 million. The company said it remains on track to meet its full-year production outlook of 25,000 to 30,000 ounces at an average cash cost per ounce of gold sold of between $1,400 and $1,600 per ounce. The company's shares closed down C$0.08, or 7.2%, to C$1.03 on the Toronto Stock Exchange.
1 million, up from $2 million a year ago. 03 per share. 5 million a year earlier. 9 million.
The company said it remains on track to meet its full-year production outlook of 25,000 to 30,000 ounces at an average cash cost per ounce of gold sold of between $1,400 and $1,600 per ounce. 03 on the Toronto Stock Exchange.