Q4 2024 TRX Gold Corp Earnings Call Transcript
Key Points
- TRX Gold Corp (TRX) achieved record revenue and EBITDA for the year, demonstrating strong financial performance.
- The company successfully completed its third mill expansion on time and on budget, increasing capacity to 2,000 tonnes per day.
- TRX Gold Corp (TRX) discovered its two best drill holes ever at the Buckreef Gold Project, indicating significant exploration potential.
- The company maintained a high-margin, low-cost operation, with gross profits around 44% for the full year.
- TRX Gold Corp (TRX) remains debt-free, allowing for financial flexibility and stability.
- The first half of 2025 is expected to be softer due to lower grade portions of the deposit and increased stripping activities.
- The company's stock price has been stagnant and underperforming despite positive operational results, indicating a lack of investor interest.
- TRX Gold Corp (TRX) faces challenges with its 55-45 joint venture structure, which may be difficult to explain to potential investors.
- The company operates as a penny stock, which can deter investment advisors from recommending it to clients.
- There is a need for improved marketing and investor relations to attract new investors and address shareholder concerns.
It's now my pleasure to introduce Christina Lalli, Vice President, Investor Relations with TRX Gold. Christina, the floor is yours.
Thank you, Jen, and welcome, everyone, this morning to TRX Gold Corporation's Fourth Quarter 2024 Results Presentation. (Operator Instructions) So I'll now hand the call over to our CEO, Stephen Mullowney. Stephen?
Yes. Thank you, Christina. And joining us this morning is our Chief Financial Officer, Mike Leonard. Mike, raise your hand. Your hands can't see it in the background.
So welcome, everybody, to our fourth quarter and full year 2024 investor call. This morning, we're going to go through what we did in 2024 and the outlook for 2025. 2024 was a good year. We had a third expansion on time, on budget, and we had record revenue and record EBITDA and continually reinvest in the business. And you'll get a sense of where we're going in 2025 throughout
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