Canada's TRX Gold Q3 revenue, profit rise on higher output and prices

TRX Gold (Pre-Reincorporation)

15/07/2026 21:42

Overview
Canada gold miner's Q3 revenue rose on higher gold output and prices
Q3 adjusted EBITDA and gross profit increased from prior year
Plant upgrades boosted throughput and recovery rates in the quarter

Outlook
TRX Gold expects full-year gold production of 25,000 to 30,000 ounces
Company forecasts average cash cost per ounce sold of $1,400 to $1,600 for the year
Company expects expanded processing plant to increase annual gold production above 62,000 ounces

Result Drivers
HIGHER GOLD OUTPUT AND PRICES - Increased gold production and higher realized gold prices drove revenue and profit growth in Q3 2026
PLANT UPGRADES - Ongoing upgrades to the 2,000 tpd processing plant improved throughput and recovery rates in Q3 2026
HIGHER GRADE ORE AND STOCKPILE BUILD - Access to higher grade ore blocks and increased stockpile inventory strengthened working capital and liquidity

Company press release: ID:nGNX5HqJMM

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$32.85 mln
 
Q3 Adjusted EBITDA
 
$20.68 mln
 
Q3 Gross Margin
 
59%
 
Q3 Gross Profit
 
$19.45 mln
 
Q3 Operating Cash Flow
 
$8.76 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the gold peer group is "buy"
The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 7 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)