TRX Gold is pleased to provide a significant operational update for Buckreef Gold as well as a preview to the company’s Q3 2023 financial results. The company is happy to announce important preliminary results from bulk sample testing at the Buckreef Gold mine. Over 6,500 tonnes of sulphide ore have been successfully processed through Buckreef Gold’s existing milling facility, achieving an indicative gold recovery of 88.7%. This is a significant achievement as approximately 90% of Buckreef Gold’s 2M+ ounce gold mineral resource is held in sulphide material, thus unlocking the significant economic potential of the project. This bulk sample test indicates that the company can process sulphide ore through its existing processing plant, thus minimizing capex for future plant expansions. The company is also pleased to announce preliminary Q3 2023 results for the period from March 2023 to May 2023. Results include Q3 2023 production of 4,764 ounces of gold and sales of 4,810 ounces of gold. The company continues to expect full year fiscal 2023 production to be between 20,000 – 25,000 ounces of gold, which is unchanged from when it was originally estimated and released in November 2022. The average market price for gold in Q3 2023 was approximately $1,963 per ounce.
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