TRX Gold Corporation's stock price surged today following the release of its first-quarter 2025 financial results, which highlighted a significant increase in revenue and profitability. The company reported a revenue of $12.5 million, up from $9.4 million in the same period last year, and an adjusted EBITDA of $4.4 million compared to $2.6 million previously. This growth is attributed to record average realized gold prices and improved operational efficiencies, as noted by CEO Stephen Mullowney, who stated, "We are pleased to see the lower operating costs per tonne come through on the plant expansion, which has enabled the business to be profitable even when processing lower grade material."
The positive financial performance was further bolstered by TRX Gold's strategic focus on exploration and production expansion. The company achieved its best drill results to date at the Buckreef Gold site, indicating promising new gold mineralization. This discovery, along with the ongoing expansion of the processing plant, positions TRX Gold for continued growth in gold production throughout fiscal 2025. The company's efforts to optimize plant operations and reduce costs are expected to enhance profitability as higher-grade ore blocks are accessed later in the year.
TRX Gold's stock price rose by 4.29% today, reaching a current price of $0.345. The stock traded as high as $0.3399 during the day, reflecting investor optimism following the strong quarterly results.