en.Wedoany.com Reported - TRX Gold (TSX: TRX) produced 7,426 ounces of gold in the third quarter of fiscal 2026, with the processing plant achieving a new record average throughput of 1,833 tons per day.

Quarterly production increased 58% from 4,687 ounces in the third quarter of fiscal 2025, while average daily throughput rose 25% from 1,461 tons in the same period last year. Year-to-date, the company has produced a total of 21,476 ounces of gold, positioning it to meet its full-year production guidance of 25,000 to 30,000 ounces at the Buckreef Gold project in Tanzania.

Gold recovery in the third quarter was 84.6%, an 18% increase from 67% in the same period last year. The company attributed the improved recovery to better particle size and quality of ore fed to the mill, as well as optimized processing operations.

Gold-in-circuit (GIC) inventory rose to 1,706 ounces, an increase of over 1,000 ounces from the second quarter of fiscal 2026, setting a new record. The company prioritizes maximizing recovery and value from processed ore, and expects the higher GIC inventory to provide additional support for fourth-quarter production through gold elution and smelting activities.

The average market price for gold during the quarter was approximately $4,731 per ounce (C$6,715.79), up 52% from $3,114 in the same period last year.

CEO Stephen Mullowney stated that the third quarter achieved record plant throughput and higher recovery rates. With production up 58% year-over-year and recovery rates improving to 84.6%, the team continues to advance initiatives to enhance efficiency, margins, and cash flow.

The Buckreef Gold project has proven and probable mineral resources of 10.8 million tons at a gold grade of 2.57 grams per ton, containing 893,000 ounces of gold; and inferred mineral resources of 9.1 million tons at a gold grade of 2.47 grams per ton, containing 726,000 ounces of gold.

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