TRX Gold Corporation (TRX:CA) Q1 2026 Earnings Call Transcript

Operator

Thank you for waiting, and welcome to the TRX Gold Corporation First Quarter 2026 Results Presentation. [Operator Instructions] The meeting is being recorded. [Operator Instructions] At this time, I would like to turn the meeting over to Stephen Mullowney, CEO. Please go ahead, sir.

Stephen Mullowney
CEO & Director

Yes. Thank you, and thanks, everybody, for joining this morning. I believe it’s Martin Luther King Day in the United States. And thus, you have a holiday. I think we got a little bit mixed up in that, but that’s — it’s good to see a number of participants here today as well as we had really good participation on Friday on our virtual NDR with Renmark as well. So it’s an exciting time here at TRX. We’re going to go over our Q1 2026 results, which were really good. The results continue to improve the company’s financial profile, working capital continues to improve.

And Richard and team on site, Richard is joining us from Buckreef today, have been progressing very well on the expansion plans. As I mentioned and as the team has mentioned before, really, our business plan is quite straightforward. We have a robust asset in Tanzania, 1.5 million ounces, 2.5 grams a tonne. The business plan is to expand the plant in the next 18 to 24 months, increase production, which then helps fund the underground.

And then we have an 18-year mine life between an open pit operation and an