$TRX.TO

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.

TRX Gold Brief: Q2 Record Adjusted Net Income of US$11.7M