TRX Gold (TRX)
Gold producer and explorer at Tanzania's Buckreef Gold joint venture.
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Produces gold doré from the Buckreef open-pit mine and processing plant in Tanzania, selling mainly into spot markets and prepaid arrangements. A single asset and operating segment supply all reported revenue, while staged plant expansion and exploration shape its operating model.
Operates and explores the Buckreef Gold joint venture in Tanzania's Geita Region, where an open-pit mine feeds a carbon-in-leach plant that produces gold doré. It holds a majority interest, manages the project, and funds exploration and mine development alongside Tanzania's State Mining Corporation.
Sells doré mainly into spot markets or prepaid arrangements, with an allocation to the Bank of Tanzania for domestic refining and trading. The operating model centers on staged processing expansion, supported by operating cash flow and exploration-led resource growth.
All reported revenue comes from Tanzania through a single operating segment. Continued mining and expansion depend on the Buckreef licence, government permits and the joint-venture arrangement.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, May 31, 2026Cash & short-term investments $26.9M · Total debt $5.0M · Total assets $174.2M · Shareholders' equity $88.4M
- Revenue
- $23.8M
- Operating income
- $11.4M
- Net income
- $2.1M
Reported in CAD, converted at the latest exchange rate
No dividends on record.
| Institutions97 holders · as of Mar 31, 2026 | 7.20% | 23.57M ADS | |
| Otherremainder | 92.80% | 303.77M ADS |
327.34M ADS as of Aug 21, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
The share count has not been confirmed by a second filing; stakes use it as it stands.
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Marshall Wace, LLPInstitution | 0.97% | 3.16M ADS | 13Fas of Mar 31, 2026 |
Connor, Clark & Lunn Investment Management Ltd.Institution | 0.89% | 2.90M ADS | 13Fas of Mar 31, 2026 |
Arrowstreet Capital, Limited PartnershipInstitution | 0.83% | 2.71M ADS | 13Fas of Mar 31, 2026 |
Jane Street Group, LLCInstitution | 0.63% | 2.07M ADS | 13Fas of Mar 31, 2026 |
Hillsdale Investment Management Inc.Institution | 0.43% | 1.40M ADS | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings
Insider tradesForm 4
Nothing filed in the last 12 months.
- AngloGold Ashanti
Geita is the closest large-scale gold producer in TRX's home district.
- Abacus Global Management
North Mara and Bulyanhulu rival Buckreef for Tanzanian mining inputs.
- Prudential Financial
Nyanzaga adds a large new Lake Victoria gold development rival.
ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TRX Gold | $1.18 | +1.72% | $383.0M | — | 14.0 | 3.3 | +90.7% |
| AngloGold Ashanti | $109.31 | +1.37% | $54.53B | 14.4 | 13.0 | 4.6 | +27.0% |
| Abacus Global Management | $9.57 | 0.00% | $918.0M | 33.5 | 8.6 | 3.4 | +29.9% |
| Prudential Financial | $119.55 | −0.25% | $41.58B | 10.8 | 8.5 | 0.6 | +2.8% |
| Median | 14.4 | 8.6 | 3.4 | +27.0% |