TRX Gold Corporation: Buckreef Project Advances with Strong Recovery and Expansion Plans Amidst Quarterly Loss
Improved Gold Recovery: TRX Gold's metallurgical tests show higher gold recovery rates (89-92%) than previously assumed (88%), indicating more efficient extraction at the Buckreef Gold Project. Significant Expansion Plans: The company plans a larger processing plant expansion to 3,500 tonnes per day, reflecting confidence in the project's potential and increased gold output. Mixed Financials: Despite strong total revenue and gross profit, TRX Gold reported a net loss due to a substantial income tax expense ...