TRX Gold 四季度产金创纪录(8,173盎司)达全年指引上限,同时将于9月18日被纳入MVIS全球初级金矿指数(MVGDXJ),触发GDXJ等被动资金在极薄流通盘上的建仓需求
两条同向新增事实叠在同一个硬日期窗口(9/18实现、9/21生效):被动指数需求对一只两地日均成交额仅约230万美元的3.7亿美元市值股构成10–40倍冲击系数的机械买盘,而截至周五收盘与今日盘前(仅6,830股、+0.9%)价格与量能均未显示已重定价;基本面(纪录产量+纪录实现金价)方向一致不构成反证,故给小仓、限价、限期到实现日前的做多,而非AVOID
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
分时走势
做多 TRX.US TRX Gold Corporation
5 个交易日均已收盘,数据完整 · 美股含盘前盘后(灰底:美东 04:00 至收盘后 4 小时)
- 发布 09-14 18:30 北京(美东 09-14 06:30)
- 抓取 09-14 18:30 北京(美东 09-14 06:30)
- 入场 09-14 18:34 北京(美东 09-14 06:34) · 盘前首笔 @1.148
- 决策 09-14 18:39 北京(美东 09-14 06:39)
- 离场 09-15 21:30 北京(美东 09-15 09:30) · 开盘 @1.270
时间轴只含交易时段(午休、隔夜已压缩);横轴为北京时间,悬停看当地时间;蓝虚线 = 纸面入场价;建仓日图红线在昨收上方、绿线在下方
成交明细 · 纸面
做多 TRX.US TRX Gold Corporation
| 收益状态 | +10.45% 已平仓 |
|---|---|
| 进场成交 | 2026-09-14 · 盘前首笔 · 09-14 18:34 北京 · @1.1484 · 成交 28% |
| 离场成交 | 2026-09-15 · 开盘 · @1.27 |
| 毛收益 | +10.59% |
| 成本 | +0.14% |
| 净收益 | +10.45% |
| 计入收益 | +2.98% |
| 建仓日 | 2026-09-14 · 进场不早于新闻时刻 + 2 分钟 |
收益口径 event_time_plus_2min_10min_walk_open_topup_to_next_open_exchange_calendar_fill_model_local_notional_v9 · method_id m8db1cbc8f2d · 截至 2026-10-27 13:51
研究档案
结论摘要
SEC 6-K同时披露创纪录季度/年度产量(达指引上限)与MVGDXJ指数纳入(9/18实现、9/21生效),后者迫使GDXJ等产品在数日内买入一只日成交额仅约230万美元的微盘金矿股。流量未定价、方向一致,按硬日期窗口做小仓限价多头,9/18前了结以规避指数效应反转与9/16 FOMC。
消息传播链
- 指数纳入这一关键事实的最早时点,早于本次6-K三个日历日;宣布通常在美股收盘后,故9/11当日盘中无法交易该信息,9/14为首个完整反应交易日市场反应:9/11 TSX收C$1.57(+1.95%)、量能仅0.8倍;美股收$1.13(+1.8%),盘后15.1万股区间1.10–1.14,无明显异动
- 发行人一手披露:Q4/全年纪录产量达指引上限 + 明确给出9/18实现日、9/21生效日的调仓时间表,把模糊的“被纳入”变成可执行的日期窗口;美股此刻盘前不可成交,信息尚未被交易
- 2026-09-14 06:27 ET市场反应stock_quote(futu盘前报价)非一手盘前成交6,830股、报1.14(+0.9%),买卖价1.02/1.24,说明消息在盘前几乎没有被消化,主反应将发生在09:30 ET开盘后市场反应:盘前1.14,量6,830股,价差约20%
- 指数实现/调仓日——被动基金通常在此日收盘前后完成建仓,是本交易的多头edge截止点,也是止盈/时间止损锚点(9/21新成分生效)
关键理由
- 指数纳入是硬日期机械需求:跟踪MVGDXJ的GDXJ与Direxion JNUG/JDST需在9/18实现日附近建仓,按3.70亿美元市值估算0.3%–0.6%权重、80–150亿美元跟踪规模(AUM未联网核验),对应约2,400万–9,000万美元买盘,而TRX两地20日日均成交额仅约230万美元,冲击系数约10–40倍,即便按极保守口径(0.15%权重、50亿美元AUM≈750万美元)也约3倍日成交额
- 基本面同向且量级可观:Q4产量8,173盎司(+28%)、全年29,650盎司(+57%)达指引上限,Q4均价$4,233/oz对应收入约3,460万美元(上年同期约2,160万美元),全年约1.30亿美元收入相当于3.70亿美元市值的35%——但属初步未审计预告,正式财报要到11月,故只作为方向确认而非主要edge
主要风险
- 9/16 FOMC+点阵图正落在持有窗内,金价与初级金矿波动极大(GDXJ 20日波动3.45%、TRX.TO 4.39%),可能淹没指数流量效应;被动买盘常在实现日/生效日后反转,必须9/18前了结,不得展期
- 流动性极薄且盘前买卖价差1.02/1.24(约20%),开盘跳空超过$1.20限价即不成交;同时TRX.TO距52周高C$3.75仍-58%,回落原因未能联网核实,存在未知公司层面利空(增发摊薄/坦桑尼亚监管/3,500tpd扩产资本开支融资)风险
反向证据
- 做多前查反向 · 来源 web · 影响 none
检索后端返回全部为TRON加密货币'TRX'同名内容,未获得任何TRX Gold负面/增发/坦桑尼亚监管证据——属检索失败而非“确认无利空”,故按未核实风险处理并压低仓位
检索:TRX Gold Corporation Tanzania Buckreef risk equity offering dilution 2026 negative news - 做多前查反向 · 来源 kb_search · 日期 2026-09-14 · 影响 none
内部KB除本次6-K外无TRX Gold覆盖(检索降级为keyword_fallback),没有反方纪要、砍单或业绩下修记录,也无历史看空观点
检索:TRX Gold Buckreef 坦桑尼亚 黄金产量 扩产 初级金矿公司 - 做多前查反向 · 来源 kb_search · 日期 2026-03-09 · 影响 supports
JPM把GDX/GDXJ调仓纳入股列为交易主题,中泰金工给出“调入权重×指数被动跟踪规模÷20日日均成交额”的冲击系数方法;按此法TRX冲击系数约10–40倍,机制成立
检索:GDXJ 指数调仓 纳入股 被动资金 冲击 日均成交额倍数 金矿股 原文 ↗ - 做多前查反向 · 来源 price_snapshot · 日期 2026-09-11 · 影响 weakens
GDXJ截至9/8收$127.54、20日+7.37%但距52周高-19.0%、近5日-4.4%/+4.7%/+3.3%/-2.5%/-1.2%高波动;TRX.TO 13周轨迹100→75→125→115(自低位回升、非持续阴跌)但距52周高C$3.75仍-58%,20日+7.5%、5日-6.0%、20日波动4.39%
检索:GDXJ 与 TRX.TO 近13周走势/波动/距高点(板块beta与拥挤度)
先例如何影响了这次决策
对本次决策的影响:先例证据薄直接压低了confidence(5)、仓位(small)、买点(限价$1.20≈周五收盘+6.2%,跳空超过即放弃)与持有期(4个交易日),并把止盈设为分批而非单档搏大涨幅
方向:无可用的高相似先例支撑方向或胜率,只能依据机制推理(指数纳入=已知日期的强制买盘)与内部KB中卖方将该机制当作可交易主题的证据
涨幅量级:无对齐先例可校准幅度,故tp_pct取下限保守档[8,16]而非按指数效应历史极值设定;量级改以“权重×跟踪规模/日均成交额”冲击系数(约3–40倍)做区间约束,而非涨幅统计
形态:未能取得先例样本,无法统计见光死/高开低走频率;但指数效应的公认结构是生效日前后反转,因此以9/18实现日前的4个交易日时间止损强制离场,而不是持有到生效后
工具执行结果 · 成功 19 · 降级 4 · 失败 1 · 取消 0
- search_processed_events 成功 stock_tools HTTP · 40 ms
{"result": "search_processed_events:agent query=`buckreef gold 产量指引上限 | gdxj 指数成分股调整 小盘金矿 | trx gold 6-k september 2026 press release | trx gold 创纪录四季度产量 | trx gold 纳入 mvis 全球初级黄金矿业指数 mvgdxj`;结构化索引覆盖完整 72 小时;旧记录兼容扫描近 0.0/72 小时、0 条本臂决策(完整),返回 0 条候选。未命中只表示这些 agent query 表达式没有召回候选,不能据此证明消息首发或不是重复;按当前事件 - read_local_file 成功 本地只读文件 · 6 ms
<DOCUMENT> - stock_quote 降级 stock_tools HTTP · 266 ms
{ - search_case_library 成功 stock_tools HTTP · 363 ms
{"result": "search_case_library「TRX.US」—— 与这些标的相关的自家决策案例(本页 2 条,该标的全历史相关记录共 2 条;ENTER 只按该标的自己的腿统计):\n◆ TRX.US:相关历史决策 2 条 · 其中该标的 ENTER 0 条(0.0%) · 我们从没在这只票上 ENTER 过\n【对所查标的真 ENTER 过的:0 条 —— 相关案例里没有该标的自己的 ENTER 腿】\n【最近 2 条其它决策(多为「不做」,用来看这票最近在被什么消息刷屏)】\n• 2026-07-15 UTC(CST 2026-07-16) 不做 — TRX GOLD Q - direct_instrument_candidates 成功 stock_tools HTTP · 22 ms
{ - fetch_decision_experience 成功 stock_tools HTTP · 62 ms
{ - price_snapshot 降级 stock_tools HTTP · 1,307 ms
{ - web_search 成功 Bing RSS · 272 ms
Bing RSS 搜索结果(原始查询:MVIS Global Junior Gold Miners Index September 2026 quarterly review TRX Gold added effective September 21) - web_search 成功 Bing RSS · 252 ms
Bing RSS 搜索结果(原始查询:VanEck Junior Gold Miners ETF GDXJ assets under management September 2026) - kb_search 成功 stock_tools HTTP · 3,492 ms
{ - kb_fetch_document 成功 stock_tools HTTP · 327 ms
{ - current_kline 失败 stock_tools HTTP · 79 ms
current_kline 不可用: RuntimeError: Event Futu HTTP 503 retry_after=2s - web_search 成功 Bing RSS · 250 ms
Bing RSS 搜索结果(原始查询:"TRX Gold" index inclusion MVIS junior gold miners GDXJ 2026) - web_search 成功 Bing RSS · 241 ms
Bing RSS 搜索结果(原始查询:GDXJ index rebalance additions September 2026 MarketVector junior gold miners new constituents) - price_snapshot 降级 stock_tools HTTP · 40 ms
{ - web_search 成功 Bing RSS · 269 ms
Bing RSS 搜索结果(原始查询:TRX Gold Corporation record quarterly gold production Buckreef September 2026 press release) - web_search 成功 Bing RSS · 263 ms
Bing RSS 搜索结果(原始查询:gold miner added to VanEck Junior Gold Miners GDXJ index shares surge passive buying inclusion effect) - web_search 成功 Bing RSS · 240 ms
Bing RSS 搜索结果(原始查询:Greatland Gold China Gold International GDXJ index inclusion March 2026 rebalance passive demand) - web_search 成功 Bing RSS · 474 ms
Bing RSS 搜索结果(原始查询:"TRX Gold" S&P/TSX Global Mining Index addition March 28 2026) - kb_search 成功 stock_tools HTTP · 2,739 ms
{ - kb_search 降级 stock_tools HTTP · 9,941 ms
{ - web_search 成功 Bing RSS · 382 ms
Bing RSS 搜索结果(原始查询:marketvector.com MVIS Global Junior Gold Miners Index quarterly review announcement additions deletions 11 September 2026) - web_search 成功 Bing RSS · 273 ms
Bing RSS 搜索结果(原始查询:TRX Gold Corporation Tanzania Buckreef risk equity offering dilution 2026 negative news) - validate_order 成功 stock_tools HTTP · 39 ms
{
原文全文
展开原文 · 22,733 字
EX-99.1
2
exh_991.htm
PRESS RELEASE
EdgarFiling
EXHIBIT 99.1
TRX Gold Delivers Record Q4 2026; Achieves Top End of Production Guidance
TORONTO, Sept. 14, 2026 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX: TRX) (NYSE American: TRX) (the “Company” or “TRX Gold”) is pleased to announce preliminary results for Q4 2026
1
.
Record Fourth Quarter Results Lead to Achieving Top End of Fiscal 2026 Production Guidance
: In Q4 2026, the Company delivered record quarterly gold production of 8,173 ounces, up 28% from 6,404 ounces in Q4 2025. On a full year basis, the Company delivered record annual gold production of 29,650 ounces, an increase of 57% from 18,935 ounces in 2025, and achieved the top end of its full-year production guidance range of 25,000 to 30,000 ounces.
Record Gold Price Realization
: During Q4 2026, the Company benefited from a robust average market price for gold of approximately $4,233 per ounce (London PM fix), a 26% increase over the prior year comparative period (Q4 2025: $3,369 per ounce). Combined with higher year over year production, revenue is expected to be significantly higher in Q4 2026 than in the prior year comparative period. On a full year basis, the Company benefited from a record annual average market price for gold of approximately $4,386 per ounce (London PM fix), a 46% increase over the prior year comparative period (2025: $2,999 per ounce). On a full year basis, revenue is expected to be significantly higher in 2026 than in 2025.
Process Plant Upgrades Lead to Improved Throughput, Recovery and Gold Production:
During Q4 2026 the Company continued to make progress on upgrades to the existing 2,000 tpd processing plant. Notable upgrades to the existing processing plant include a pre-leach thickener, upgraded agitators & interstage screens, Aachen reactor, oxygen plant, Adsorption, Desorption and Recovery (“ADR”) plant, new gold room, apron feeder, belt magnet, and new tertiary crusher. The plant upgrades are in various stages of completion and have already begun to boost plant reliability and performance as evidenced by an increase in plant throughput, gold recovery and gold production in Q4 2026 versus the prior year comparative period.
Advancing Process Plant Expansion to Significantly Increase Future Production Capacity:
The Company continues to advance its processing plant expansion, a key catalyst for future growth. As previously reported, recent metallurgical test work has led the Company to specify a Semi Autogenous Grind (“SAG”) / Ball mill combination of 3,500 tpd as part of its next processing plant expansion based on optimal grind size for achievable mine feed from the mine plan. Final contract execution for the new SAG / Ball mill was completed in early Q4 2026, initial downpayments have been made, and estimated completion is expected over the next 12 – 18 months. The existing, upgraded 2,000 tpd processing plant will be available to continue operating in conjunction with the new 3,500 tpd SAG / Ball mill processing plant, providing a significant upgrade in processing capacity versus the 3,000 tpd assumed in the PEA. The increase in throughput from the expanded processing plant is expected to produce average annual gold production in excess of the 62,000 ounces of gold originally anticipated in the PEA.
Exploration to Ramp-Up Significantly:
During fiscal 2026, Buckreef Gold drilled approximately 175 drill holes for a total of 14,500 meters across resource definition, geotechnical, sterilization and greenfield exploration. This was predominantly completed in the second half of fiscal 2026 utilizing one Company owned reverse circulation (“RC”) drill rig and one contractor diamond drill (“DD”) rig. The RC drill rig was commissioned in March 2026 and the DD rig in April 2026. Buckreef Gold also utilized the RC drill rig for ongoing grade control drilling for normal course operations. Buckreef Gold has also purchased: (i) an additional DD drill rig which is currently onsite and being commissioned; (ii) a new RC drill rig which is expected to be onsite in the next 2-4 weeks; and (iii) a new RC/DD combination drill rig which is expected to arrive in the next 4-6 months. These purchases in combination with existing drill rigs on site will significantly increase Buckreef Gold’s drilling capacity and will be utilized for grade control, resource definition, geotechnical, sterilization and greenfield exploration drilling. Given the significant increase in drilling capacity, there will be a significant increase in greenfield exploration, including: (i) the anomalies from the comprehensive geophysics study which identified ten promising targets; and (ii) Stamford Bridge and the Anfield Zone.
Stephen Mullowney, TRX Gold CEO commented: “We are very pleased to have delivered record quarterly and annual gold production in fiscal 2026, achieving the top end of our production guidance while continuing to improve the performance and reliability of our processing plant. The combination of higher production, a robust gold price environment and a strong balance sheet positions us well as we continue to build momentum across the business. Our accelerated plant expansion is laying the foundation for the next stage of growth at Buckreef Gold. The addition of a 3,500 tpd SAG/Ball mill circuit, together with significant upgrades to our existing 2,000 tpd plant, will provide combined processing capacity well beyond the 3,000 tpd capacity contemplated in our PEA last year, unlocking significant value. The improvements we have already made to the existing plant are contributing to higher throughput, recovery and production, while the new SAG/Ball mill represents a significant step forward in our ability to support significantly higher gold production in the years ahead. With a strong balance sheet and a clear path to increased production, we are well positioned to execute on our growth plans and create long-term value for our shareholders.”
About TRX Gold Corporation
TRX Gold is a high margin and growing gold company advancing the Buckreef Gold Project in Tanzania. Buckreef Gold includes an established open pit operation and 2,000 tonnes per day process plant with upside potential demonstrated in the May 2025 Preliminary Economic Assessment (the “PEA”). The PEA outlines average gold production of 62,000 oz per annum over 17.6 years at 3,000 tonnes per day of throughput capacity, and a US$1.9 –US$2.6 billion pre-tax NPV
5%
at average life of mine gold prices of US$4,000-US$5,000/oz
2
. The Buckreef Gold Project hosts a Measured and Indicated Mineral Resource of 10.8 million tonnes (“MT”) at 2.57 grams per tonne (“g/t”) gold containing 893,000 ounces (“oz”) of gold and an Inferred Mineral Resource of 9.1 MT at 2.47 g/t gold for 726,000 oz of gold. The leadership team is focused on creating both near-term and long-term shareholder value by increasing gold production to generate positive cash flow to fund the expansion as outlined in the PEA and grow Mineral Resources through exploration. TRX Gold’s actions are led by the highest environmental, social and corporate governance (“ESG”) standards, evidenced by the relationships and programs that the Company has developed during its nearly two decades of presence in the Geita Region, Tanzania.
Qualified Person
Mr. Richard Boffey, BE Mining (Hons) F AusIMM, Chief Operating Officer of TRX Gold Corporation, is the Company’s in-house Qualified Person under National Instrument 43-101 “Standards of Disclosure for Mineral Projects” (“NI 43-101”) and has reviewed and assumes responsibility for the scientific and technical content in this press release.
For investor or shareholder inquiries, please contact:
Investor Relations
IR@TRXgold.com
+1-437-224-5241
+1 844 GOLD TRX (844-465-3879)
www.TRXgold.com
Forward-Looking and Cautionary Statements
This press release contains certain forward-looking statements as defined in the applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “hopes”, “intends”, “estimated”, “potential”, “possible” and similar expressions, or statements that events, conditions or results “will”, “may”, “could” or “should” occur or be achieved. Forward-looking statements relate to future events or future performance and reflect TRX Gold management’s expectations or beliefs regarding future events and include, but are not limited to, statements with respect to future gold prices, continued operating cash flow, expansion of its process plant, estimation of mineral resources, ability to develop value creating activities, recoveries, subsequent project testing, success, scope and viability of mining operations, the timing and amount of estimated future production, and capital expenditure.
Although TRX Gold believes the expectations expressed in such forward-looking statements and the preliminary data included in this press release are based on reasonable assumptions, such statements are not guarantees of future performance. The actual achievements of TRX Gold or other future events or conditions may differ materially from those reflected in the preliminary data and forward-looking statements due to a variety of risks, uncertainties and other factors. These risks, uncertainties and factors include general business, legal, economic, competitive, political, regulatory and social uncertainties; actual results from operations, exploration activities and economic evaluations; fluctuations in currency exchange rates; changes in costs; future prices of gold and other minerals; mining method, production profile and mine plan; delays in exploration, development and construction activities; changes in government legislation and regulation; the ability to obtain financing on acceptable terms and in a timely manner or at all; contests over title to properties; employee relations and shortages of skilled personnel and contractors; the speculative nature of, and the risks involved in, the exploration, development and mining business. These risks are set forth in reports that TRX Gold files with the SEC and the various Canadian securities authorities. You can review and obtain copies of these filings from the SEC's website at
http://www.sec.gov/edgar.shtml
and the Company’s profile on the System for Electronic Document Analysis and Retrieval (“SEDAR+”) at
www.sedarplus.ca
.
The disclosure contained in this press release of a scientific or technical nature relating to the Company’s Buckreef Project has been summarized or extracted from the technical report prepared in accordance with NI 43-101 – Standards of Disclosure for Mineral Projects on the Buckreef Gold Project (“Buckreef Gold”) titled Preliminary Economic Assessment and Updated Mineral Resource Estimate of the Buckreef Gold Mine Project, Tanzania (“PEA”) with an effective date of April 15, 2025. The PEA was prepared in accordance with NI 43-101 guidelines by P&E Mining Consultants Inc. (“P&E”). Input to this PEA was also provided by D.E.N.M. Engineering Ltd. (“D.E.N.M.”). The information contained herein is subject to all of the assumptions, qualifications and procedures set out in, and is qualified in its entirety by reference to the full text of, the PEA and reference should be made to the full details of the PEA which has been filed with the applicable regulatory authorities and is available on the Company’s profile at www.sedarplus.ca.
The information contained in this press release is as of the date of the press release and TRX Gold assumes no duty to update such information.
1
TRX Gold will provide additional discussion and analysis regarding its Q4 2026 production, sales and financial results when the Company reports its financial statements and Management’s Discussion and Analysis in November 2026. Financial figures quoted throughout are preliminary in nature, unaudited and subject to change.
2
Base case NPV
5%
of US$701.0 million pre-tax, or US$442.2 million after tax at consensus forecast case gold prices (US$2,707/oz year 1, US$2,646/oz year 2, US$2,495/oz year 3, US$2,400/oz year 4, US$2,245/oz thereafter).
----- exh_992.htm -----
EX-99.2
3
exh_992.htm
PRESS RELEASE
EdgarFiling
EXHIBIT 99.2
TRX Gold Announces Major Milestone with Addition to the MVIS® Global Junior Gold Miners Index
TORONTO, Sept. 14, 2026 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX: TRX) (NYSE American: TRX) (the “Company” or “TRX Gold”) is pleased to report that the Company has been added to the MVIS
®
Global Junior Gold Miners Index (“MVGDXJ”) following the Q3 2026 index rebalance announcement on September 11, 2026.
Stephen Mullowney, TRX Gold CEO commented: “Following our addition to the S&P/TSX Global Mining Index announced on March 28, I am very pleased to announce that TRX Gold has now also met the criteria for inclusion in the MVGDXJ, which is designed to track the overall performance of small-capitalization companies that are involved primarily in the mining of gold and/or silver
1
. TRX Gold’s inclusion in this major index has the potential to maintain and attract additional global institutional investment into the Company and increase liquidity, with the MVGDXJ being an important benchmark requirement for many large investment funds. This addition also positions the Company for possible inclusion in related funds and ETFs, including the Van Eck Junior Gold Miners ETF (“GDXJ
®
”) which seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVGDXJ. Congratulations to the entire team on achieving this important milestone!”
For the MVIS Global Junior Gold Miners Index (MVGDXJ), the Q3 2026 rebalance schedule is as follows:
Index data / reference date: August 31, 2026
Rebalance announcement: September 11, 2026
Index Implementation / rebalance date: September 18, 2026
New composition becomes effective: September 21, 2026, the next trading day after implementation.
About MVGDXJ
1
The MVIS
®
Global Junior Gold Miners Index (MVGDXJ) tracks the performance of the most liquid small-cap companies in the global gold and silver mining industries. This is a modified market cap-weighted index, and only includes companies that generate at least 50% of their revenue from gold or silver mining, or at least 50% of their mining mineral resources are from gold or silver. For more information about the MVIS
®
Global Junior Gold Miners Index, please visit the index provider’s website.
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Source: https://www.marketvector.com/indexes/hard-asset/mvis-global-junior-gold-miners
About TRX Gold Corporation
TRX Gold is a high margin and growing gold company advancing the Buckreef Gold Project in Tanzania. Buckreef Gold includes an established open pit operation and 2,000 tonnes per day process plant with upside potential demonstrated in the May 2025 Preliminary Economic Assessment (the “PEA”). The PEA outlines average gold production of 62,000 oz per annum over 17.6 years at 3,000 tonnes per day of throughput capacity, and a US$1.9 –US$2.6 billion pre-tax NPV
5%
at average life of mine gold prices of US$4,000-US$5,000/oz. The Buckreef Gold Project hosts a Measured and Indicated Mineral Resource of 10.8 million tonnes (“MT”) at 2.57 grams per tonne (“g/t”) gold containing 893,000 ounces (“oz”) of gold and an Inferred Mineral Resource of 9.1 MT at 2.47 g/t gold for 726,000 oz of gold. The leadership team is focused on creating both near-term and long-term shareholder value by increasing gold production to generate positive cash flow to fund the expansion as outlined in the PEA and grow Mineral Resources through exploration. TRX Gold’s actions are led by the highest environmental, social and corporate governance (“ESG”) standards, evidenced by the relationships and programs that the Company has developed during its nearly two decades of presence in the Geita Region, Tanzania.
Qualified Person
Mr. Richard Boffey, BE Mining (Hons) F AusIMM, Chief Operating Officer of TRX Gold Corporation, is the Company’s in-house Qualified Person under National Instrument 43-101 “Standards of Disclosure for Mineral Projects” (“NI 43-101”) and has reviewed and assumes responsibility for the scientific and technical content in this press release.
For investor or shareholder inquiries, please contact:
Investor Relations
IR@TRXgold.com
+1-437-224-5241
+1 844 GOLD TRX (844-465-3879)
www.TRXgold.com
Forward-Looking and Cautionary Statements
This press release contains certain forward-looking statements as defined in the applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “hopes”, “intends”, “estimated”, “potential”, “possible” and similar expressions, or statements that events, conditions or results “will”, “may”, “could” or “should” occur or be achieved. Forward-looking statements relate to future events or future performance and reflect TRX Gold management’s expectations or beliefs regarding future events and include, but are not limited to, statements with respect to future inclusion of TRX Gold in additional indices or funds, ability to attract investors or increase liquidity as a result of being included in any index or for any other reason, future gold prices, continued operating cash flow, expansion of its process plant, estimation of mineral resources, ability to develop value creating activities, recoveries, subsequent project testing, success, scope and viability of mining operations, the timing and amount of estimated future production and capital expenditures.
Although TRX Gold believes the expectations expressed in such forward-looking statements and the preliminary data included in this press release are based on reasonable assumptions, such statements are not guarantees of future performance. The actual achievements of TRX Gold or other future events or conditions may differ materially from those reflected in the preliminary data and forward-looking statements due to a variety of risks, uncertainties and other factors. These risks, uncertainties and factors include general business, legal, economic, competitive, political, regulatory and social uncertainties; actual results from operations, exploration activities and economic evaluations; fluctuations in currency exchange rates; changes in costs; future prices of gold and other minerals; mining method, production profile and mine plan; delays in exploration, development and construction activities; changes in government legislation and regulation; the ability to obtain financing on acceptable terms and in a timely manner or at all; contests over title to properties; employee relations and shortages of skilled personnel and contractors; the speculative nature of, and the risks involved in, the exploration, development and mining business. These risks are set forth in reports that TRX Gold files with the SEC and the various Canadian securities authorities. You can review and obtain copies of these filings from the SEC's website at
http://www.sec.gov/edgar.shtml
and the Company’s profile on the System for Electronic Document Analysis and Retrieval (“SEDAR+”) at
www.sedarplus.ca
.
The disclosure contained in this press release of a scientific or technical nature relating to the Company’s Buckreef Project has been summarized or extracted from the technical report prepared in accordance with NI 43-101 – Standards of Disclosure for Mineral Projects on the Buckreef Gold Project (“Buckreef Gold”) titled Preliminary Economic Assessment and Updated Mineral Resource Estimate of the Buckreef Gold Mine Project, Tanzania (“PEA”) with an effective date of April 15, 2025. The PEA was prepared in accordance with NI 43-101 guidelines by P&E Mining Consultants Inc. (“P&E”). Input to this PEA was also provided by D.E.N.M. Engineering Ltd. (“D.E.N.M.”). The information contained herein is subject to all of the assumptions, qualifications and procedures set out in, and is qualified in its entirety by reference to the full text of, the PEA and reference should be made to the full details of the PEA which has been filed with the applicable regulatory authorities and is available on the Company’s profile at www.sedarplus.ca.
The information contained in this press release is as of the date of the press release and TRX Gold assumes no duty to update such information.
----- f6k_091326.htm -----
6-K
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f6k_091326.htm
FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2026
Commission File Number: 001-32500
TRX Gold Corporation
(Translation of registrant's name into English)
277 Lakeshore Road East, Suite 403
Oakville, Ontario Canada L6J 6J3
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ ] Form 40-F [ X ]
Explanatory Note
On September 14, 2026, the Registrant issued press releases entitled “TRX Gold Delivers Record Q4 2026; Achieves Top End of Production Guidance” and TRX Gold Announces Major Milestone with Addition to the MVIS® Global Junior Gold Miners Index copies of which are furnished as Exhibits 99.1 and 99.2 to this Form 6-K.
The information contained in this report and the exhibits hereto shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any filings made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.
Exhibit
The following exhibit is furnished as part of this Form 6-K.
Exhibit No.
Description
99.1
Press Release dated September 14, 2026, entitled "TRX Gold Delivers Record Q4 2026; Achieves Top End of Production Guidance"
99.2
Press Release dated September 14, 2026, entitled "TRX Gold Announces Major Milestone with Addition to the MVIS® Global Junior Gold Miners Index"
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
TRX Gold Corporation
(Registrant)
Date: September 14, 2026
By:
/s/ Michael Leonard
Michael Leonard
Chief Financial Officer
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