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Stock impact report

TRX Gold (TSX:TRX) Is Down 7.8% After Buckreef Expansion Plans Deepen Losses - What's Changed [Yahoo! Finance]

TRX Gold Corporation (TRX) 
NASDAQ:AMEX Investor Relations: tanzanianroyalty.com
Company Research Source: Yahoo! Finance
also outlining increased capital needs for its Buckreef Gold Project expansion. Detailed metallurgical test work and processing plant redesign at Buckreef point to higher gold recoveries and a larger-than-initially-planned processing capacity, reshaping how the project could be configured over its life. We'll now look at how this Buckreef processing expansion and test work may influence TRX Gold's investment narrative despite recent share weakness. Uncover the next big thing with 13 elite penny stocks that balance risk and reward. What Is TRX Gold's Investment Narrative? To own TRX Gold today, you have to believe Buckreef can evolve from a small producer into a larger, more efficient operation while the company manages the financial strain that comes with that ambition. The latest quarter underlines that trade off: sales rose to US$34.07 million, but losses widened to US$20.38 million as Buckreef spending ramped up. The new metallurgical results and processing redesign are i Show less Read more
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