08:03 AM EDT, 10/08/2025 (MT Newswires) -- TRX Gold ( TRX ) which jumped 20% in U.S. pre-market trade, Wednesday said production increased 37% over the previous quarter, to a record 6,404 ounces of gold in the fourth quarter.

The company sold 6,977 ounces of gold during the quarter, at an average price of US$3,350 per ounce.

TRX Gold ( TRX ) is currently expanding the processing plant. During the quarter, the company began procuring equipment for several plant upgrades aimed at improving gold recoveries, including down payments for a new thickener to enhance gold concentration and upgrades to the elution plant and gold room to boost carbon activity and reduce gold solution losses.

"We're very pleased with the positive trajectory and record gold production achieved at Buckreef Gold this quarter as the company benefited from access to higher grade ore following successful completion of our scheduled strip campaign earlier in the year," said chief executive Stephen Mullowney.

"The production rate improved over the course of the year as planned and the company demonstrated leverage to record gold price levels significantly improving its working capital position in Q4 2025, while continuing to invest in the future growth and development of Buckreef Gold," he added.

TRX shares are up $0.13, to $0.75 in New York trading.