TRX - Tanzanian Gold Corporation

NYSE American - NYSE American Delayed Price. Currency in USD
+0.0807 (+8.24%)
At close: 4:00PM EDT

1.0400 -0.02 (-1.89%)
After hours: 4:30PM EDT

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Previous Close0.9793
Bid1.0400 x 800
Ask1.0600 x 40000
Day's Range0.9400 - 1.0600
52 Week Range0.3600 - 1.2000
Avg. Volume604,404
Market Cap165.274M
Beta (5Y Monthly)1.32
PE Ratio (TTM)N/A
EPS (TTM)-0.0460
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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    • GlobeNewswire

      Doubling of Gold Mineral Resources Confirmed

      Tanzanian Gold Corp. (TNX.TO); (NYSE American: TRX) (the “Company”) is pleased to announce that it has filed a National Instrument 43-101 Independent Technical Report entitled “Updated Mineral Resource Estimate for the Buckreef Gold Mine Project, Tanzania, East Africa” (the “Report”). This Report follows the Company’s release of March 17, 2020 that announced a doubling of Resources in the Measured and Indicated Categories as well as highlighting the upside potential in Exploration Targets. The Report has been filed on SEDAR and is available on the Company’s website.

    • GlobeNewswire

      Gold Production Started At Buckreef Oxide Project

      Tanzanian Gold Corp. (TNX.TO); (NYSE American: TRX) is pleased to announce that gold production has reached commercial level at the oxide ore processing plant at the Buckreef Project. Since then oxide ore has been stockpiled at a ROM pad. A public tender for an increase in the treatment capacity of the oxide gold processing plant was recently completed.

    • GlobeNewswire

      PwC to assist project financing for gold mining at Buckreef

      Tanzanian Gold Corp. (TNX.TO) (NYSE American: TRX) with gold mining projects at Buckreef in Tanzania, is pleased to announce the engagement of PricewaterhouseCoopers Corporate Finance Inc. ("PwCCF") to assist in securing project financing for construction of two gold mining projects at Buckreef. PwCCF has a global network of more than 3,000 professionals across 60 countries that provide a full range of debt, capital and other advisory services; including but not limited to debt and equity raising, debt refinancing, public-private partnership arrangements, mining finance (royalties, streams gold loans, etc.)  and complex procurement, across all industry sectors, to corporations, private equity firms, public sector bodies, sovereign wealth and other investment funds.

    • GlobeNewswire

      Tanzanian Gold announces SGS-Lakefield metallurgical testing will confirm design of larger sulphide plant following previous announcement doubling Mineral Resources

      Tanzanian Gold Corporation’s, (TNX.TO) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce that SGS Canada (SGS) Lakefield will soon be starting comprehensive metallurgical testing on the primary or “sulphide” gold mineralization in order to finalize a flow-sheet for the design of a large gold processing plant that will be the basis for the Final Feasibility Study of the Buckreef Project. The company has shipped fresh core from three metallurgical test holes drilled last year to the SGS Lakefield site to confirm a conceptual flow-sheet that includes either Gravity Separation with Gravity Tailing Cyanidation, or Gravity Separation, followed by sulphide Flotation of the gravity tailing, with regrinding and cyanide leaching of reground sulphide concentrate along with possible leaching of flotation tailing.

    • GlobeNewswire

      Tanzanian Gold provides additional updates on its Buckreef Project  following previous announcement doubling Mineral Resources

      Tanzanian Gold Corporation’s (TNX.TO) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to provide an update on its Buckreef Project following the press release of March 17, 2020 that announced the results of the 2019 drilling campaign which more than doubled the estimated Mineral Resource in the Measured + Indicated categories for the Buckreef Shear Zone to 2.3 million contained ounces of gold. Drilling continues in the Company’s Phase III (Ultra-deep) program that was announced on February 26, 2020. First Bucket; On April 6 2020 the first bucket was excavated from the Buckreef Open pit, signaling the beginning of mining for ores to be processed by the Company’s new Oxide Plant.

    • GlobeNewswire

      Tanzanian Gold Announces Doubling Of Resources In Measured + Indicated Categories And Highlights Upside In Exploration Targets on its Buckreef Gold Project

      Tanzanian Gold Corporation’s, (TNX.TO) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce that it has received an update of the Estimated Mineral Resources in the Buckreef Shear Zone from Virimai Projects, its independent technical advisor. This update incorporates the results from the 2019 drilling campaign, the largest drill campaign in the Company’s history.

    • GlobeNewswire

      Tanzanian Gold Reports Annual Meeting Voting Results

      VANCOUVER, British Columbia, Feb. 28, 2020 -- Tanzanian Gold Corporation (TSX:TNX) (NYSE MKT:TRX) (the "Company") announces the voting results from its 2020 annual general.

    • GlobeNewswire

      Tanzanian Gold announces an upper level intercept of 48m (incl. 5m @6.6g/t and 1.0M @ 16.8 g/t ) and a deeper intercept of 13.4m (incl. 8.0m @ 4.9 g/t) in the first hole of the Phase III deep drilling program testing the underground potential at Buckreef Gold project

      Tanzanian Gold Corporation’s, (TNX.TO) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce results from Hole L19-1 (BMRCD309), the first hole of Phase III (ultra-deep) that targets the continuity of mineralization significantly below that encountered in Phase II. The intersection at 622m in this hole appears to be just a slice of the entire Mineralized Zone target.

    • GlobeNewswire

      Tanzanian Gold Clarifies Disclosure

      Tanzanian Gold Corporation’s, (TNX.TO) (NYSE American:TRX) (the “Company’s”) Board of Directors wishes to retract in its entirety, as a result of a review by staff of the Ontario Securities Commission (“OSC”), the disclosure of unclassified resources included in the Company’s press release of February 14, 2020 (the “Prior Release”) regarding the Buckreef Project. Unclassified resources are not a CIM category of mineral resources and such disclosure is contrary to paragraphs 2.2(a) and 2.3(1)(a) of National Instrument 43-101 Standards of Disclosure for Mineral Projects. For information in respect of the Company’s Buckreef Project, please refer to the Company’s Technical Report dated June 26, 2018 available under the Company’s profile at, rather than the Prior Release.

    • GlobeNewswire

      Tanzanian Gold announces 4,291,000 ounces of gold contained in unclassified resources at the conclusion of its Phases 1 & 2 Resource Upgrade drilling along the 1.2km Buckreef Shear Zone

      Tanzanian Gold Corporation’s (TNX.TO) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce Unclassified Mineral Resources for the 1.2km long Buckreef Shear Zone that amount up to 4,291,000 ounces contained in 242.4 million tons grading at 0.57 g/t Au at a block cutoff grade of 0.1 g/t Au. The Unclassified Mineral Resources are from an unconstrained block model using all the drilling results to date. As a consequence of the drilling program the Company completed in 2019, the largest drilling campaign in the Company’s history amounting to over 17,650m in 60 holes during which a significant number of exploration targets were identified which require further drilling to upgrade the gold mineralization encountered in these exploration areas to the Inferred category.

    • GlobeNewswire

      Appellate Division Affirms New York Supreme Court Decision; Tanzanian Gold to Continue to Pursue Federal Matter

      Tanzanian Gold Corporation (TNX.TO) (NYSE American:TRX) (the “Company”) announces that the Appellate Division, First Judicial Department, Supreme Court of the State of New York has affirmed the Supreme Court of the State of New York, County of New York granting of summary judgment to Crede CG III, LTD under a Securities Purchase Agreement entered into on September 1, 2016 between Crede and the Company. The Company is currently reviewing its rights including the right to appeal.

    • GlobeNewswire

      Tanzanian Gold Update on Request for Proposal for Mining Process

      Tanzanian Gold Corporation, (TNX.TO) (NYSE American:TRX) (the “Company”) is pleased to announce that it has advertised, issued, received and is reviewing the qualified bid responses for the Buckreef Gold Project’s (the “Project”) Request For Proposal (RFP) for its mining process. The RFP included as part of its requirements a thorough and working understanding of current laws and regulations for mining processes and operations which are located in the United Republic of Tanzania, including, but not limited to “The Mining Local Content Regulation, 2018”, and compliance with this regulation. The Project is located near the Mnekezi Village, Geita District, Tanzania.

    • GlobeNewswire

      Tanzanian Gold Announces End of Phase II Drilling and Start of Phase III Ultra-Deep Drilling; 50m @ 1.8 g/t Au Including 5m @ 4.6 g/t Au, 7m @3.9 g/t Au and 1.0m @ 7.0 g/t Au Confirms Northeast Extension Still Open

      Tanzanian Gold Corporation’s, (TNX.TO) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce final results from Phase II of its ongoing drill program at the Buckreef Project. The Company also announces the start of Phase III drilling that will test the extension to ultra-deep levels of mineralization found below the pit bottom in Phase II. The results summarized below from Hole 26-2 confirm that the Northeast Extension is still open along strike.

    • GlobeNewswire

      Tanzanian Gold Corporation will participate in the Vancouver Resource Investment Conference

      TORONTO, Jan. 17, 2020 -- Tanzanian Gold Corporation, (TSX:TNX) (NYSE American:TRX) is pleased to announce that the Company will be participating in the upcoming Vancouver.

    • GlobeNewswire

      Tanzanian Gold Announces Closing of Sale of $3,850,000 in Common Shares

      Tanzanian Gold Corporation’s (TNX.TO) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce that it has completed the sale of 6,695,652 common shares raising $3,850,000, in the aggregate as previously announced in its press release of December 16, 2019. Tanzanian Gold Corporation has over the past twelve months successfully executed a professionally designed and managed pathway with our development at the Buckreef Project. As demonstrated by our news releases and presentations throughout 2019, the Company has undertaken the Buckreef mine development in a manner rarely seen in the junior mining sector.

    • GlobeNewswire

      Tanzanian Gold Corporation Announces Public Offering of Common Shares

      Tanzanian Gold Corporation, (TNX.TO) (NYSE American:TRX) (the “Company”) announced today that it has commenced an underwritten public offering of up to 6,695,652 Common Shares at $0.575 per share. R.F. Lafferty Co., Inc. is acting as underwriter to offer and sell the Common Shares on a “best efforts” basis. The Company intends to use the net proceeds from the offering at the Buckreef Project primarily to (i) further its on-going Ultra Deep Exploration drilling program testing up to 1200 meters deep; (ii)  initiate open pit mining for oxide ore and work to construct and operate a 15 tonnes per hour oxide processing facility; and (iii) continue to fast tract necessary testing and studies to further refine the Buckreef open pit, and develop the larger processing plant all to further the completion of the Company’s 43-101 definitive feasibility study.

    • GlobeNewswire

      Tanzanian Gold Corporation Plans to Start Mining at Buckreef Property; Continues Focus on the Development of the Buckreef Shear Zone; Announces 2019 Year End Results

      Tanzanian Gold Corporation, (TNX.TO) (NYSE American:TRX) (the “Company”) announced an update on the Buckreef Project and results for its fiscal year ended August 31, 2019. The Company is executing its plan to begin gold production at the Buckreef Project. The Company will begin with the mining and processing of high grade oxide reserves at or close to surface at the location of the open pit defined in the 43-101 Pre-Feasibility Study.

    • GlobeNewswire

      Tanzanian Gold Corporation Provides Update On Buckreef Project

      Tanzanian Gold Corporation’s, (TNX.TO) (NYSE American: TRX) (the “Company’s”) Board of Directors is pleased to provide shareholders with a simplified guide to the progress that the Buckreef Project has made since the Company acquired it. Regulators in Canada require that on any significant matter related to mining, listed companies must follow National Instrument 43-101 (“NI 43-101”). Disclosures covered by NI 43-101 include news releases of mineral exploration results, reporting of resources and reserves, technical studies, various levels of feasibility studies, presentations, oral comments, and websites.

    • GlobeNewswire

      Tanzanian Gold Confirms that Buckreef Zone Still Open to N.E.

      Tanzanian Gold Corporation's (TNX.TO) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce further assay results from its ongoing Phase II drill program at its Buckreef Project to define potential mineralized zones below the open pit as reported and published in the June 2018 Pre-Feasibility National Instrument 43-101 Technical Report, and to extend the mineralization to the Northeast. The significant intercepts reported today are outside the open pit on the last grid line and indicate that the Buckreef Mineralized Zone is still open to the Northeast.

    • GlobeNewswire

      Tanzanian Gold Announces Drill Results Below Buckreef Open Pit Bottom Intercepts of 38.7m @ 5.2g/t Au including 4m @ 18.1g/t

      Tanzanian Gold Corporation’s, (TNX.TO) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to announce further assay results from its on-going Phase II drill program at its Buckreef Project to define potential mineralized zones below the open pit as reported and published in the June 2018 Pre-Feasibility 43-101 Technical Report. Mr. James E. Sinclair, Executive Chairman (TRX) commented, “We are pleased with the new and robust assay results from our ongoing program below the heavily drilled open pit where we are encountering wider intercepts in many of our holes.

    • GlobeNewswire

      Buckreef Gold Mine Development Update

      One of our primary objectives behind the 2019 drill program has been to pull together data from previous, sometimes patchy and isolated drilling campaigns, and to combine this with new data from the 2019 campaign, and then to pull all the data together into one interpretation of what we have at Buckreef. As shown on the simplified map, we have now defined a continuous zone of gold mineralization at Buckreef that is at least 1,200 meters long and that extends to depths of at least 450 meters below the surface. This mineralized zone is still open at depth.

    • GlobeNewswire

      Buckreef Resource-Geology Model Update

      Tanzanian Gold Corporation’s, (TNX.TO) (NYSE American:TRX) (the “Company”) Board of Directors is pleased to announce the start of a geophysical survey at the Buckreef Property. Exploration Geophysics Pty Ltd has arrived on site and has commenced down-the-hole wireline geophysical surveys of holes drilled earlier this year. The initial phase of the geophysical survey is based on 10 holes with a survey length of about 3,620m.