11:26 AM EST - TRX Gold Corporation : Today reported its results for the first quarter of 2024 for the three months ended November 30, 2023. Key highlights for Q1 2024 include: Positive operating cash flow: The Company poured 4,927 ounces of gold and sold 4,895 ounces of gold, resulting in positive operating cash flow of $5.1 million. Strong gross profit margins: The Company recognized revenue of $9.4 million and cost of sales of $5.7 million, generating gross profit of $3.7 million, gross profit margin of 40%, and Adjusted EBITDA of $2.6 million. TRX Gold Corporation
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