09:01 AM EST, 12/02/2024 (MT Newswires) -- TRX Gold ( TRX ) rose 4.1% at last look in NYSE American pre-market trading on Monday after reporting record revenue and adjusted ebitda in its fiscal year ended Aug. 31.

The company booked US$41.2 million in revenue, up from US$38.3 million, while adjusted ebitda hit US$15.3 million. TRX attributed the results to the sale of 19,389 ounces of gold at record spot prices.

The company, which owns the Buckreef gold project in Tanzania, posted a net income and comprehensive income of US$3.5 million, dropping from US$7.0 million.

"The next year will most certainly be one marked by more growth and we look forward to continuing to prove that Buckreef Gold has the potential of becoming a significant mine in the African landscape," TRX Gold's ( TRX ) CEO Stephen Mullowney said.