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An update from Tanzanian Royalty Exploration ( (TSE:TRX) ) is now available.
On November 4, 2025, TRX Gold Corporation announced an expansion of its processing plant at the Buckreef Gold Project, aiming to increase throughput to over 3,000 tonnes per day. The expansion, which includes a new 3,000+ TPD processing circuit for sulphide material and a 1,000 TPD circuit for oxide and transition material, is expected to enhance gold production beyond the previously anticipated 62,000 ounces annually. The project, funded through internally generated cash flow, is anticipated to be completed over the next 18-24 months, with improvements expected to positively impact the company’s financial performance and operational capacity.
The most recent analyst rating on (TSE:TRX) stock is a Buy with a C$0.85 price target. To see the full list of analyst forecasts on Tanzanian Royalty Exploration stock, see the TSE:TRX Stock Forecast page.
More about Tanzanian Royalty Exploration
TRX Gold Corporation is a high-margin gold company focused on advancing the Buckreef Gold Project in Tanzania. The project includes an established open-pit operation and a 2,000 tonnes per day processing plant, with potential for expansion as demonstrated in the May 2025 Preliminary Economic Assessment. The company aims to increase gold production and grow mineral resources while adhering to high environmental, social, and corporate governance standards.
Average Trading Volume: 100,640
Technical Sentiment Signal: Buy
Current Market Cap: C$232M
Learn more about TRX stock on TipRanks’ Stock Analysis page.