TRX Gold Corporation (TRX) Earnings Call Transcripts

TRX Gold Corporation's Latest Earnings Call - Q2 FY2026

TRX Gold Corporation reported a strong second quarter for fiscal year 2026, with significant growth in both financial and operational metrics. Revenue reached over $34 million, driven by record gold production of nearly 7,500 ounces and a record average realized gold price of $4,655 per ounce. Adjusted EBITDA for the quarter was over $20 million, reflecting a robust 62% gross profit margin. Management reaffirmed full-year production guidance of 25,000 to 30,000 ounces and cash cost guidance of $1,400 to $1,500 per ounce, indicating confidence in continued operational efficiency and profitability. The company is progressing with its plant expansion plans, aiming to increase processing capacity to 3,500 tonnes per day by mid-2027, which could further enhance production and financial performance.

Reported metrics

Guidance from management

Management reaffirmed full-year production guidance of 25,000 to 30,000 ounces and cash cost guidance of $1,400 to $1,500 per ounce. The plant expansion to 3,500 tonnes per day is expected to be completed by mid-2027.

What management said

Sure. The back for the SAG and the ball mill and that have the longest lead item. So the range of lead times amongst the 7 suppliers is 28 weeks to 50 weeks. So I'm expecting we'll be looking at something between 30 to 40 weeks, which probably gives us between delivery and then construction probably 12 to 13 period from commissioning the SAG and Volusion and fine range, it will also be in bold.

No, I think that was well said, Stephen, again, prudent capital management continues to be a focus of ours and expect to be able to fund the upcoming plant expansion out of that robust cash flow that you just spoke to. So stay tuned.

What analysts pressed on

Analysts questioned the potential impact of geopolitical and economic turbulence on production and expansion plans. Concerns were also raised about the timeline for underground mining and the company's ability to maintain current margins if gold prices fluctuate.

Main topics on the call

• Record Financial Performance — TRX Gold reported record quarterly revenue of over $34 million and adjusted EBITDA of over $20 million, demonstrating strong operational leverage to high gold prices. Management highlighted a 62% gross profit margin as a...
• Plant Expansion Plans — The company is advancing its plant expansion to increase processing capacity to 3,500 tonnes per day by mid-2027. This expansion is expected to be funded from operational cash flow, highlighting prudent capital managemen...
• Resource and Mine Plan Updates — Management plans to update the PEA to reflect higher gold prices and a larger resource base, potentially extending the open pit life and deferring underground mining. This could enhance the project's net asset value.
• Exploration and Drilling Activities — TRX Gold is conducting extensive geophysics and drilling programs to expand its resource base, with a focus on high-potential targets like Stanford Bridge and Anfield.

Read the full TRX Gold Corporation transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 20 TRX Gold Corporation earnings call transcripts on record, spanning January 19, 2023 to July 16, 2026. Based on this history, TRX Gold Corporation reports quarterly. The most recent call on file is dated July 16, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TRX

Exchange

TSX

Country

CA

Sector

Materials

Industry

Metals and Mining

Calls on record

20

First call

January 19, 2023

Most recent

July 16, 2026

Reporting cadence

quarterly