By Adriano Marchese

TRX Gold's output rose in the third quarter thanks to higher processing volumes, while also advancing its major plant expansion aimed at boosting future production.

The Toronto-based miner on Friday said that it processed 25% more than a year ago at 1,833 metric tons a day. This drove gold production to rise 58% to 7,426 ounces, bringing its year-to-date total to 21,476 ounces.

TRX said at the current rate, the company is on track to meet its full-year guidance of 25,000 to 30,000 ounces.

The company also benefited from two other positives in the quarter: gold recovery and gold prices. TRX noted that gold recovery improved to 84.6% in the third quarter, up 18 percentage points from 67% a year earlier, due to improved optimization. At the same time, the price of gold also soared in the quarter, with TRX citing a 52% increase to the average market price to $4,731 an ounce.

On the plant-expansion front, TRX said it is moving ahead with a major upgrade to its processing infrastructure at its Buckreef Gold project in Tanzania. The works include the addition of a new 3,500-ton-per-day semi autogeneous grind and ball-mill circuit.

The company is also completing upgrades to its existing 2,000-ton-per-day plant, which will allow it to operate alongside the new mill, which will bring the total output capacity to 3,000 tons a day.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

June 05, 2026 06:50 ET (10:50 GMT)

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