TRX Gold Reports Q3 2026 Results: Full Earnings Call Transcript

On Thursday, TRX Gold (TSX: TRX ) discussed third-quarter financial results during its earnings call.

The full transcript is provided below.

APIs provide real-time access to earnings call transcripts and financial data.

Visit to learn more.

View the webcast at Summary TRX Gold Corporation reported Q3 2026 results with $115 million in revenue and $66.8 million in adjusted EBITDA, supporting expansion projects.

Significant capital investments of $47-48 million were made over the past 12 months, focusing on CAPEX and exploration at the Buck Reef Gold project.

The company achieved its guidance of 25-30,000 ounces of gold production and expects to be at the higher end of this range by the end of Q4 2026.

Buck Reef's mill expansion is underway, with a new 3,500-ton per day SAG and ball mill being part of the ongoing capital projects.

TRX Gold plans to update its PEA with expected increases in NPV and resources, anticipating higher throughput and a significant future EBITDA increase.

Operational improvements led to record quarterly throughput and gold production, with a 60% increase in gold production compared to the prior year.

TRX Gold maintains a strong balance sheet with $27 million in cash, significant working capital, and undrawn credit lines to support future growth.

The company is actively engaged in stakeholder relations in Tanzania, focusing on community development and government engagement.

Exploration efforts are ramping up with multiple drill rigs being deployed to explore new targets and expand the resource base.

Full Transcript Julia Perron, Virtual Event Moderator Hello and good morning, ladies and gentlemen.

Welcome to today's presentation.

My name is Julia Perron, Virtual Event Moderator here at Renmark Financial Communications.

On behalf of our team, we'd like to thank everyone for joining us today for TRX Gold Corporation's third quarter 2026 results.

TRX Gold is streaming on the Toronto Stock Exchange under the ticker symbol TRX and on the NYSE American under the ticker symbol TRX.

Presenting today is Stephen Mullowney, Chief Executive Officer; Michael Leonard, Chief Financial Officer; Khalaf Rashid, Senior Vice President Tanzania; and Richard Boffey, Chief Operating Officer.

The presentation will last approximately 20 to 25 minutes and will be followed by a formal Q&A session for which you can participate using the chat box on the top right-hand corner of your screen.

With that being said, I will now hand it over to Stephen.

Stephen Mullowney, Chief Executive Officer Thank you and welcome everybody to today's Q3 corporate presentation of results.

Richard is not on the line yet.

I was just talking to him on top of the TSF, and he's making his way back to the office, so he should join us in about five to ten minutes.

He's at Buck Reef today.

Also, as Julia mentioned, Michael and Khalaf are here with me as well.

We're coming back in Toronto today.

I was staying in Tennessee and Texas last week.

I should have stayed there given I came home to 38, 40 degrees, and now we have yellow skies and apparently the big campfires up north that blanketed us with smoke.

So anyways, it was pleasant to be down in the United States last week.

So without further ado, Julia, can you...

Here's Richard.

Richard is joining us now.

How are you doing today, Richard? Richard Boffey, Chief Operating Officer Yeah, afternoon everybody.

Apologies for being late.

Just got back from a little bit of an inspection.