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			Symbol Data		 
					
			
			
				Symbol 
				Currency 			 
			 
							
					TSE:TRX CAD 				 
								
					NYSEAMERICAN:TRX USD 				 
							
						Description 
			TRX Gold Corp are a gold focused junior, small producer with one producing mine in Tanzania. Currently they produce roughly 10koz. of gold per year. They have approximately 0.9Moz. of gold in the reserves and resources category  of which  0.7Moz. are in the measured and indicated category. They have a market capitalisation of ~C$179.76M which is a rise of roughly 97% over the last four months. As of 06/27/2025 they have no debt and ~C$7.85M cash. They have 282M shares outstanding and trade on the Toronto Stock Exchange.
			
				 
	
		
		
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			Financial 
			06/27/2025 
			 
		
			Item 
			Value 
			Value 
			Updated 
			Value 		 
		 
		
			MCap (FD): 
			$91.18M 
			$179.76M 
			06/27/2025 
			$88.58M 		 
		
			MCap (OS): 
			$90.86M 
			$179.13M 
			06/27/2025 
			$88.27M 		 
		
			Total Assets: 
			
				$56.38M			 
			
				$54.96M			 
			06/27/2025 
			$-1.43M 		 
		
			Total Liabilities: 
			
				$11.72M			 
			
				$11.42M			 
			06/27/2025 
			$-0.30M 		 
		
			Current Assets: 
			
				$8.05M			 
			
				$7.85M			 
			06/27/2025 
			$-0.20M 		 
		
			Current Liabilities: 
			
				$7.32M			 
			
				$7.14M			 
			06/27/2025 
			$-0.19M 		 
		
			Total Debt: 
			$0.00M 
			$0.00M 
			06/27/2025 
			$0.00M 		 
		
			Cash: 
			$8.05M 
			$7.85M 
			06/27/2025 
			$-0.20M 		 
		
			Debt (Net): 
			$-8.05M 
			$-7.85M 
			$0.20M 		 
		
			Enterprise Value: 
			$83.13M 
			$171.91M 
			06/13/1975 
			$88.79M 		 
		
			Cash Flow: 
			 $12.70M 
			 $19.90M 
			never 
			$7.20M 		 
		
			Cash Flow Multiple: 
			 7.18 
			 9.03 
			never 
			1.85 		 
		
			Net Debt to 
			 n/a  
			 n/a  
			never 
			0.00 		 
		
			Finance within 1 year: 
			Yes 
			Yes 
			06/27/2025 
			n/a 		 
		
	 
	
		
		
		
			Misc 
			06/27/2025 
			 
		
			Item 
			Value 
			Value 
			Updated 
			Value 		 
		 
				
			Shares Outstanding: 
			282,000,000 
			282,000,000 
			06/27/2025 
			0 		 
		
			Shares (FD): 
			283,000,000 
			283,000,000 
			06/27/2025 
			0 		 
		
			Insider Ownership: 
			n/a n/a never 
			n/a  
		
			Dividend (Annual): 
			n/a n/a 10/01/2025 
			n/a  
		
			Company Type: 
			Mostly Gold 
			Mostly Gold 
			never 
			n/a 		 
		
			Group: 
			Producer 
			Producer 
			never 
			n/a 		 
		
			Production ETA: 
			n/a 01/01/2020 
			06/27/2025 
			n/a 		 
		
			Production (Gold Eq Oz.): 
			(guess)  (guess)  06/27/2025 
			0 		 
		
			Production (Silver Eq Oz.) : 
			(guess)  (guess)  06/27/2025 
			-81,210 		 
		
			Development Phase: 
			
				none 			 
			
				Producer (Single Mine) 			 
			06/27/2025 
			n/a 		 
		
			Optionality Play: 
			
				none 			 
			
				No			 
			 
		
			F 
			% of Spot: 
						
				20Producer: Growth Potential
			 
						
				20Producer: Growth Potential
			 
			04/24/2023 
			0 		 
		
			Cash Flow Multiple: 
						
				8			 
						
				8			 
			05/27/2025 
			0.00 		 
		
	 
 
 
	 
	
			
	
	
		GOLD 
		06/27/2025 
		 
	
		Item 
		Value 
		Value 
		Updated 
		Value 	 
	 
 	
		O 
		T 
		Proven & Probable: 
		0.80M 
		0.80M 
		06/27/2025 
		0.00M 	 
	
		Measured & Indicated: 
		0.70M 
		0.70M 
		06/27/2025 
		0.00M 	 
	
		Inferred: 
		0.20M 
		0.20M 
		06/27/2025 
		0.00M 	 
	
		Reserves & Resources: 
		0.90M 
		0.90M 
		never 
		0.00M 	 
	
		P 
		Proven & Probable: 
		0.68M 
		0.68M 
		06/27/2025 
		0.00M 	 
	
		Measured & Indicated: 
		0.61M 
		0.61M 
		06/27/2025 
		0.00M 	 
	
		Inferred: 
		0.09M 
		0.09M 
		06/27/2025 
		0.00M 	 
	
		Reserves & Resources: 
		0.70M 
		0.70M 
		never 
		0.00M 	 
	
		C 
		Annual Production: 
		(guess)  (guess)  06/27/2025 
		0oz. 	 
	
		Cash Cost: 
		$1,300		 
		$1,300		 
		06/27/2025 
		$0.00 	 
	
		Extra Operating Cost: 
		$700		 
		$700		 
		06/27/2025 
		$0.00 	 
	
		Total: 
		$2,000		 
		$2,000		 
		06/27/2025 
		$0.00 	 
	
		Margin (Free Cash Flow): 
					$1,270 (39%)			 
						
				$1,990 (50%)			 
					$719.98 	 
	
		MCap / Production (AuEq): 
		$9,118.02 
		$17,976.29 
		$8,858.27 	 
	
		EV / Production (AuEq): 
		$8,312.54 
		$17,191.21 
		$8,878.66 	 
	
		G 
		Underground (Avg): 
		n/a n/a 06/27/2025 
		n/a  
	
		Open Pit (Avg): 
		n/a 1.50 g/t 
		03/25/2024 
		1.50 g/t 	 
	
		Recovery Rate: 
		(CG)   85.00%(CG)   85.00%10/01/2025 
		0.00% 	 
	
		F 
		Proven & Probable: 
		0.80M 
		0.80M 
		06/27/2025 
		0.00M 	 
	
		Annual Production: 
		30,000oz. 
		30,000oz. 
		06/27/2025 
		
			0oz.		 	 
	
		Cash Cost: 
		$1,300 
		$1,300 
		06/27/2025 
		
			$0		 	 
	
		Extra Operating Cost: 
		$700 
		$700 
		06/27/2025 
		
			$0		 	 
	
		 
	
			
	
	
		SILVER 
		06/27/2025 
		 
	
		Item 
		Value 
		Value 
		Updated 
		Value 	 
	 
 	
		O 
		T 
		Proven & Probable: 
		n/a n/a 06/27/2025 
		0.00M 	 
	
		Measured & Indicated: 
		n/a n/a 06/27/2025 
		0.00M 	 
	
		Inferred: 
		n/a n/a 06/27/2025 
		0.00M 	 
	
		Reserves & Resources: 
		n/a n/a never 
		0.00M 	 
	
		P 
		Proven & Probable: 
		n/a n/a 06/27/2025 
		0.00M 	 
	
		Measured & Indicated: 
		n/a n/a 06/27/2025 
		0.00M 	 
	
		Inferred: 
		n/a n/a 06/27/2025 
		0.00M 	 
	
		Reserves & Resources: 
		n/a n/a never 
		0.00M 	 
	
		C 
		Annual Production: 
		n/a n/a 0oz. 	 
	
		Cash Cost: 
		n/a 		n/a 		06/27/2025 
		$0.00 	 
	
		Extra Operating Cost: 
		n/a 		n/a 		06/27/2025 
		$0.00 	 
	
		Total: 
		n/a 		n/a 		06/27/2025 
		$0.00 	 
	
		Margin (Free Cash Flow): 
		n/a $0.00 	 
	
		MCap / Production (AgEq): 
		$100.27 
		$217.06 
		$116.80 	 
	
		EV / Production (AgEq): 
		$91.41 
		$207.58 
		$116.17 	 
	
		G 
		Underground (Avg): 
		n/a n/a 06/27/2025 
		n/a  
	
		Open Pit (Avg): 
		n/a n/a 06/08/2023 
		n/a  
	
		Recovery Rate: 
		n/a n/a 06/27/2025 
		0.00% 	 
	
		F 
		Proven & Probable: 
		n/a n/a 06/27/2025 
		0.00M 	 
	
		Annual Production: 
		n/a n/a 06/27/2025 
		
			n/a		 	 
	
		Cash Cost: 
		n/a n/a 06/27/2025 
		
			n/a		 	 
	
		Extra Operating Cost: 
		n/a n/a 06/27/2025 
		
			n/a		 	 
	
		 
 
 
	 
	
				
		
					
				 Last Analysis Data  (06/27/2025) 
			 
					
			Stage 
			Name 
			Owned 
						Type 
			NPV 
			IRR 
			CapEx 
							Au 
				Ag 
				Cu 
				Notes 
		 
		 
					
				Prod 
					Buckreef 
					
						Mwanza  
				 
				55 (guess)  
								Open Pit 
									 					 show  
			In 2013 they will complete the feasibility study and attempt to get financing. The PEA calls for 100,000 oz of production for 12 years, which will expand with exploration. Cash costs around $850. I would expect production in 2015. 
			 
	
				
		
					
				Current Data 
			 
					
			Stage 
			Name 
			Owned 
						Type 
			NPV 
			IRR 
			CapEx 
							Au 
				Ag 
				Cu 
				Notes 
		 
		 
					
				Prod 
					Buckreef 
					
						Mwanza  
				 
				55 (guess)  
								Open Pit 
									 					 show  
			In 2013 they will complete the feasibility study and attempt to get financing. The PEA calls for 100,000 oz of production for 12 years, which will expand with exploration. Cash costs around $850. I would expect production in 2015. 
			 
 
 
	 
	
			
	
	
		Proven & 
		06/27/2025 
		 
	
		Item 
		Value 
		Value 
		Updated 
		Value 	 
	 
	
		Percentage Gold: 
		100.00% 
		100.00% 
		n/a 
		0.00% 	 
	
		Percentage Silver: 
		n/a n/a n/a 
		0.00% 	 
	
		Total (Gold Eq. Oz.): 
		0.80M 
		0.80M 
		n/a 
		0.00M 	 
	
		Total (Silver Eq. Oz.): 
		n/a n/a n/a 
		-6.50M 	 
	
		P 
		Gold Eq. Oz.: 
		0.68M 
		0.68M 
		n/a 
		0.00M 	 
	
		Silver Eq. Oz.: 
		n/a n/a n/a 
		-5.52M 	 
	
		Maximum Profit (Gold): 
		$863.67M 
		$1,353.25M 
		n/a 
		$489.59M 	 
	
		Maximum Profit (Silver): 
		n/a n/a n/a 
		$0.00M 	 
	
		Total Maximum Profit: 
		$863.67M 
		$1,353.25M 
		n/a 
		$489.59M 	 
	
		Max Profit / Current MCap: 
		9.472 
		7.528 
		n/a 
		-1.944 	 
	
		Max Profit Per Share (Gold): 
		$3.05 
		$4.78 
		n/a 
		$1.73 	 
	
		Max Profit Per Share (Silver): 
		n/a n/a n/a 
		$0.00 	 
	
		Total Max Profit Per Share: 
		$3.05 
		$4.78 
		n/a 
		$1.73 	 
	
		Total Free Profit Per Share: 
		$2.61 
		$3.89 
		n/a 
		$1.28 	 
	
		FD MCap / Gold Eq.: 
		$134.09 
		$264.36 
		n/a 
		$130.27 	 
	
		FD MCap / Silver Eq.: 
		$1.47 
		$3.19 
		n/a 
		$1.72 	 
	
		FD MCap / Per Metal 
		4.10% 
		6.63% 
		n/a 
		2.52% 	 
	
		EV / Gold Eq.: 
		$122.24 
		$252.81 
		n/a 
		$130.57 	 
	
		EV / Silver Eq.: 
		$1.34 
		$3.05 
		n/a 
		$1.71 	 
	
		EV / Per Metal 
		3.74% 
		6.34% 
		n/a 
		2.60% 	 
	
		 
	
			
	
	
		Measured & 
		06/27/2025 
		 
	
		Item 
		Value 
		Value 
		Updated 
		Value 	 
	 
	
		Percentage Gold: 
		100.00% 
		100.00% 
		n/a 
		0.00% 	 
	
		Percentage Silver: 
		n/a n/a n/a 
		0.00% 	 
	
		Total (Gold Eq. Oz.): 
		0.70M 
		0.70M 
		n/a 
		0.00M 	 
	
		Total (Silver Eq. Oz.): 
		n/a n/a n/a 
		-5.68M 	 
	
		P 
		Gold Eq. Oz.: 
		0.61M 
		0.61M 
		n/a 
		0.00M 	 
	
		Silver Eq. Oz.: 
		n/a n/a n/a 
		-4.97M 	 
	
		Maximum Profit (Gold): 
		$777.30M 
		$1,217.93M 
		n/a 
		$440.63M 	 
	
		Maximum Profit (Silver): 
		n/a n/a n/a 
		$0.00M 	 
	
		Total Maximum Profit: 
		$777.30M 
		$1,217.93M 
		n/a 
		$440.63M 	 
	
		Max Profit / Current MCap: 
		8.525 
		6.775 
		n/a 
		-1.750 	 
	
		Max Profit Per Share (Gold): 
		$2.75 
		$4.30 
		n/a 
		$1.56 	 
	
		Max Profit Per Share (Silver): 
		n/a n/a n/a 
		$0.00 	 
	
		Total Max Profit Per Share: 
		$2.75 
		$4.30 
		n/a 
		$1.56 	 
	
		Total Free Profit Per Share: 
		$2.31 
		$3.41 
		n/a 
		$1.11 	 
	
		FD MCap / Gold Eq.: 
		$148.99 
		$293.73 
		n/a 
		$144.74 	 
	
		FD MCap / Silver Eq.: 
		$1.64 
		$3.55 
		n/a 
		$1.91 	 
	
		FD MCap / Per Metal 
		4.56% 
		7.36% 
		n/a 
		2.81% 	 
	
		EV / Gold Eq.: 
		$135.83 
		$280.90 
		n/a 
		$145.08 	 
	
		EV / Silver Eq.: 
		$1.49 
		$3.39 
		n/a 
		$1.90 	 
	
		EV / Per Metal 
		4.15% 
		7.04% 
		n/a 
		2.89% 	 
	
		 
 
	
	
	
		Reserves & 
		06/27/2025 
		 
	
		Item 
		Value 
		Value 
		Updated 
		Value 	 
	 
	
		Percentage Gold: 
		100.00% 
		100.00% 
		n/a 
		0.00% 	 
	
		Percentage Silver: 
		n/a n/a n/a 
		0.00% 	 
	
		Total (Gold Eq. Oz.): 
		0.90M 
		0.90M 
		n/a 
		0.00M 	 
	
		Total (Silver Eq. Oz.): 
		n/a n/a n/a 
		-7.31M 	 
	
		P 
		Gold Eq. Oz.: 
		0.70M 
		0.70M 
		n/a 
		0.00M 	 
	
		Silver Eq. Oz.: 
		n/a n/a n/a 
		-5.66M 	 
	
		Maximum Profit (Gold): 
		$885.26M 
		$1,387.09M 
		n/a 
		$501.83M 	 
	
		Maximum Profit (Silver): 
		n/a n/a n/a 
		$0.00M 	 
	
		Total Maximum Profit: 
		$885.26M 
		$1,387.09M 
		n/a 
		$501.83M 	 
	
		Max Profit / Current MCap: 
		9.709 
		7.716 
		n/a 
		-1.993 	 
	
		Max Profit Per Share (Gold): 
		$3.13 
		$4.90 
		n/a 
		$1.77 	 
	
		Max Profit Per Share (Silver): 
		n/a n/a n/a 
		$0.00 	 
	
		Total Max Profit Per Share: 
		$3.13 
		$4.90 
		n/a 
		$1.77 	 
	
		Total Free Profit Per Share: 
		$2.69 
		$4.01 
		n/a 
		$1.32 	 
	
		FD MCap / Gold Eq.: 
		$130.82 
		$257.91 
		n/a 
		$127.09 	 
	
		FD MCap / Silver Eq.: 
		$1.44 
		$3.11 
		n/a 
		$1.68 	 
	
		FD MCap / Per Metal 
		4.00% 
		6.46% 
		n/a 
		2.46% 	 
	
		EV / Gold Eq.: 
		$119.26 
		$246.65 
		n/a 
		$127.38 	 
	
		EV / Silver Eq.: 
		$1.31 
		$2.98 
		n/a 
		$1.67 	 
	
		EV / Per Metal 
		3.65% 
		6.18% 
		n/a 
		2.53% 	 
	
	 
	 
	 
	Defaults 
	06/27/2025 
	 
	Item 
	Value 
	Value 
	Updated 
	Value  
 
	
		Exchange Rates: 
		CAD 0.7323 
		CAD 0.7137 
		10/31/2025 
		 
	
	Spot Gold: 
	$3,270.10 
	$3,990.08 
	10/31/2025 
	$719.98  
	Spot Silver: 
	$35.96 
	$48.18 
	10/31/2025 
	$12.22  
	Gold:Silver Ratio: 
	90.94 
	82.82 
	10/31/2025 
	-8.12  
	Spot Gold (Future): 
	$5,000.00 
	$5,000.00 
	$0.00  
	Spot Silver (Future): 
	$100.00 
	$100.00 
	$0.00  
	Gold:Silver Ratio (Future): 
	50.00 
	50.00 
	0.00  
	Gold Avg. Recovery Rate: 
	75.00% 
	75.00% 
	0.00%  
	Silver Avg. Recovery Rate: 
	75.00% 
	75.00% 
	0.00%  
	Plausibility of P & P: 
	100.00% 
	100.00% 
	0.00%  
	Plausibility of M & I: 
	80.00% 
	80.00% 
	0.00%  
	Plausibility of Inferred: 
	50.00% 
	50.00% 
	0.00%  
 
 
  			 
		 
		
	 
 
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