Financial Wire

TRX Gold Swings to Adjusted Net Income in Q2 YoY

-- TRX Gold (TRX.TO) on Wednesday reported that it swung to an adjusted net income in the second quarter.

Adjusted net income was US$11.7 million, swinging from a loss of $111,000.

Revenue was $34.1 million, rising from $9.1 million.

Adjusted EBITDA jumped to $20.2 million from $941,000.

All the results were records for the company, demonstrating its ability to increase production while maintaining a low cost operation.

The company poured 7,453 gold ounces, up from 3,004 gold ounces. Sales also increased to 7,314 gold ounces from 3,401 gold ounces.

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