Mining Stock Daily Introduction to TRX Gold in Tanzania
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Jul 21, 2025 Stephen Maloney, CEO of TRX Gold, shares insights into the transformative Buckreef Gold Project in Tanzania. The conversation reveals how cutting-edge technology and sustainable practices are reshaping gold mining in the region. He discusses the partnership with the Tanzanian government and the project's significant impact on local communities. Financial strategies are explored, emphasizing the project’s long-term potential amid rising gold prices, while addressing the need for improved market valuation and corporate strategy.
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TRX Gold Ownership And Vision
- TRX Gold operates the Buck Reef Project with 55% ownership; the government holds 45% non-dilutable interest once in production.
- The project aims to grow production from 25,000 ounces to 60,000+ ounces daily by plant upgrades.
Joint Venture Control Structure
- TRX and government joint venture controls operations with a 4 to 3 board member ratio.
- Efforts are ongoing to convert government ownership to a 16% non-dilutable interest.
Geology of Buck Reef Deposit
- Buck Reef lies within a greenstone belt with a wide shear zone extending 2km strike length and up to 750m depth.
- The deposit mainly comprises sulfides with lower oxide content, influencing plant processing focus.