TRX Gold Corporation

TRX Gold Corporation is a high‑margin, growth‑focused gold producer advancing the Buckreef Gold Project in Tanzania. The operation includes an established open‑pit mine and a 2,000 tpd processing plant, with significant expansion underway following the 2025 PEA, which outlined average annual production of 62,000 oz over a 17.6‑year mine life and a pre‑tax NPV5% of $1.9B. TRX Gold continues to increase production, optimize recoveries, and self‑fund exploration aimed at expanding mineral resources. The company operates with strong ESG principles and maintains long‑standing community partnerships built over nearly two decades in the Geita Region.

Management Profile:
Stephen Mullowney Chief Executive Officer, Director Mr. Mullowney was appointed CEO in December 2020. He is a former Partner and Managing Director at PricewaterhouseCoopers LLP (PwC), where he led PwC Canada’s Deals Mining Group for more than ten years. Mr. Mullowney has an extensive mining background, working with miners, Governments, and institutional investors across the world and supporting them in making key strategic business, financing, and policy decisions. Mr. Mullowney is a CA, CPA, CFA and holds a BBA from Acadia University.

What are your key goals for the next 3 months?:
Advance tendering and procurement for the new 3,500+ tpd SAG mill. Continue optimization of the existing 2,000 tpd plant to maximize recoveries. Maintain strong quarterly production momentum and meet full‑year guidance.

What are your key goals for the next 6 months?:
Execute major components of the processing plant expansion. Progress exploration drilling at Buckreef Main, Eastern Porphyry, and Stamford Bridge. Strengthen working capital and reinvest operating cash flow into growth initiatives.

What are your key goals for the next 12 months?:
Deliver expanded processing capacity well beyond the 3,000 tpd contemplated in the PEA. Update the life‑of‑mine plan and PEA with improved economics and higher production scale. Advance long‑term development including underground planning and resource expansion.

What do you think makes your company such a compelling investment?:
TRX Gold offers a rare combination of high margins, strong cash flow, and scalable growth. The Buckreef Gold Project is a long‑life, low‑risk asset with demonstrated production expansion and significant exploration upside. The company consistently delivers record throughput, revenue, and EBITDA, supported by high realized gold prices and disciplined cost control. TRX Gold is essentially debt‑free, maintains strong liquidity, and funds growth internally—minimizing shareholder dilution. With a robust PEA, expanding processing capacity, and improving recoveries, TRX Gold is positioned for substantial near‑ and long‑term value creation.

What are your corporate activities?:
TRX Gold is focused on expanding its investor base and increasing global market visibility as it continues to deliver record production and strong operating margins from the Buckreef Gold Project in Tanzania. The company is highlighting its consistent quarter‑over‑quarter growth, robust cash flow generation, and disciplined, self‑funded expansion strategy to attract new shareholders. TRX Gold’s corporate activities center on investor outreach, brand awareness, and communicating near‑term catalysts tied to plant expansion, production scaling, and exploration upside. The goal is clear: build long‑term investor confidence by demonstrating reliable performance and meaningful value creation.