TRX News Today: TRX Gold's Cutting-Edge Technology Boosts Output and Prolongs Mine Operations
- TRX Gold accelerates Buckreef Gold Project expansion in Tanzania, targeting 3,000+ TPD throughput and 62,000-ounce annual gold production by 2027. - The $30M dual-circuit upgrade employs advanced tech to concentrate 87-90% of gold into 15% of processed mass, enhancing recovery rates and cost stability. - Analysts raised price targets (up to $1.20) citing execution capability, ESG focus, and phased internal financing reducing external risks. - Risks include equipment delays and recovery targets, but prior
TRX Gold Corporation (TSX: TRX) is moving forward with an accelerated expansion of its processing facility at the Buckreef Gold Project in Tanzania, with the goal of increasing daily throughput to over 3,000 tons and surpassing the annual gold output of 62,000 ounces projected in its May 2025 Preliminary Economic Assessment (PEA), as reported by
This expansion utilizes cutting-edge methods like ultra-fine grinding and high-purity oxygen injection to concentrate 87–90% of gold into just 15% of the processed material, improving recovery rates, as detailed by . These technological upgrades are set to increase throughput and help maintain steady production costs, aligning with TRX Gold’s plan to generate strong cash flow and support additional exploration, Stocktitan reported. The Buckreef Gold Project, which contains 10.8 million tonnes of measured and indicated resources at an average grade of 2.57 grams per tonne gold, stands to gain from the expanded capacity, potentially lengthening mine life and increasing reserves, according to .
Major risks include the timing of equipment deliveries and meeting recovery rate goals within the allocated budget, but the company’s phased strategy and reliance on internal funding help minimize external risks, Stocktitan noted. Since its first gold pour in 2021 and three previous expansions, TRX Gold’s commitment to ESG practices and active stakeholder engagement in Tanzania have further enhanced its operational stability, according to .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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