AI-extracted from the 20-F filed 2021-12-03 — FY2021 (year ended August 31, 2021). Every figure is machine-verified against the filing text on SEC EDGAR.
Pre-revenue exploration and development stage company reported $5.3M net loss on zero revenues; raised $23.2M in equity financing and advanced Buckreef Gold Project toward commercial production.
Biggest Revenue Drivers
Test mining revenues from Buckreef Gold Project$0
Company ramping up towards commercial production but not yet generating material revenues from ore sales
Biggest Revenue Drivers
Total revenue: $0
Test mining revenues from Buckreef Gold Project$0
Company ramping up towards commercial production but not yet generating material revenues from ore sales
Largest Expense Items
Exploration and development costs$7.6M+7.0% vs prior year $7.1M
Net exploration costs incurred primarily in US dollars for Buckreef property development in Tanzania
Share-based compensation$2.9M
Recognized during the year for new executive hires' sign-on bonuses and anniversary-based share grants
Margins: Company is pre-revenue and exploration-stage; no gross or operating margins reported. Operating expenses of approximately $5.3M net loss reflect early-stage development costs without revenue offset.
Watch Items from the Filing
Material weaknesses in internal control over financial reporting identified by management: lack of timely review/approval of journal entries, weak oversight of charge recognition, and inadequate ICFR oversight due to limited staffing.
Company depends on single flagship property (Buckreef Gold Project); adverse developments to this property would materially affect potential future mineral resource production and profitability.
Working capital improved to $8.0M positive position (August 31, 2021) from $5.2M deficit prior year, supported by $23.2M raised in equity financing including convertible debentures and registered direct offering.
Company hired new executive management team (CEO Stephen Mullowney in December 2020, CFO Michael Leonard in March 2021, COO Andrew Cheatle in February 2021) with significant mining and finance backgrounds from major firms.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About TRX GOLD Corp (TRX): stock profile, AI score and financials
TRX GOLD Corp (TRX) stock profile, AI quality score, and SEC EDGAR financial data, a Materials sector company. 13F Pro's AI-powered ranking engine scores TRX at 56.6/100 on a composite quality score built from its SEC filings, placing it at rank #1,145 of 2,925 stocks — the top half of the AI-ranked universe. TRX scores in the top quartile across revenue growth (90.6), earnings quality (88.4). Areas of concern include institutional flow (2.3) and revenue scale (12.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), TRX GOLD Corp reports quarterly revenue of $25.1M, net income of $-496.0K, an operating margin of 18.0%. Top institutional holders of TRX by reported 13-F value include MARSHALL WACE, LLP, Connor, Clark & Lunn Investment Management Ltd., CITADEL ADVISORS, based on the most recent SEC filings. TRX trades on the NYSE exchange and files with the SEC under CIK 1173643. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate TRX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for TRX GOLD Corp directly from SEC EDGAR.