Stocks in play: TRX Gold Corporation

Reported its results for the fourth quarter. For Q4 2022, its Buckreef Gold project poured 3,619 ounces of gold, a new quarterly production record, exceeding previous production guidance of 750-800 ounces of gold per month. Furthermore, 3,363 ounces of gold were sold, also a new quarterly sales record for the Company, resulting in positive operating cash flow of $2.4 million. Buckreef recognized revenue of $6.0 million in Q4 2022, cost of sales of $1.9 million, and cash costs of $560 per ounce of gold, below guidance, generating strong Q4 gross profit of $4.1 million, gross profit margin of 69% and Adjusted EBITDA of $2.2 million. TRX Gold Corporation shares T.TNX are trading down $0.02 at $0.45.