TRX Gold Corporation announced preliminary results for Q4 2025, highlighting record business performance. The company achieved record quarterly gold production of 6,404 ounces and sales of 6,977 ounces, marking a 37% increase in production compared to Q3 2025. TRX Gold realized an average gold price of approximately $3,350 per ounce in Q4 and $2,973 for fiscal 2025. The company also reported record gold pours, with 806 ounces in August and 1,018 ounces in September, contributing to a monthly production of 2,510 ounces in September 2025. The adjusted working capital ratio improved from 0.8 on May 31, 2025, to 1.2 on August 31, 2025, and the cash balance rose to $7.8 million after fully repaying $3.0 million in short-term borrowings. Additionally, the run of mine stockpile increased from 9,275 to 15,162 ounces of contained gold between May and August 2025. The company attributes its strong results to increased access to higher grade ore and ongoing investments in mine infrastructure and development.