The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Jake Sekeslky - Alliance Global Partners - Analyst
: Thanks for taking my questions. Yes, thank you. Jay carrier. Good good thing on. So just Just starting with recoveries, and I think Mike touched a
bit on them. They're in the low 80s this quarter in some of the work that you're doing to improve on them through network and an upgraded
equipment and the like. Are those improvements something we should expect this quarter? Or is that more of a second half of calendar 24 type
thing?
Question: Jake Sekeslky - Alliance Global Partners - Analyst
: Okay. That's helpful. On the or actually you actually take the orders you're acting the way we thought it would. So that's about a real point.
Question: Jake Sekeslky - Alliance Global Partners - Analyst
: And do you think you might be able to get it back up to the 93 range or high 80s. Is that something that we should be expecting? Any color there
would be helpful.
Yes. I think Jay Kale, yes, I would say yes, we'll get into the high 80s range there's ways to get it into the mid-90s but forward to require capital to
do that. And we'll be evaluating that and trade-off studies at a further date where we've just grown so quickly, we can't commit to that at this point
in time, but certainly mid to high 80s is achievable.
Makes sense.
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JANUARY 18, 2024 / 4:00PM, TRX.A - Q1 2024 TRX Gold Corp Earnings Call
Question: Robert Paulson - Paulson Strategy Group - Analyst
: Hello, everybody. And I'd like to say congratulations to Steve and Andrew Michael, Christine and the TRX team for transforming TRS. It's been
around a while and doing one thing that really needs to be done to grow and be more successful.
And Mike, I appreciate the questions earlier about improvements, growth expansion.
Right.
All great questions. Great answers. And my curiosity probably similar to many is with gold steady, basically holding all-time high as 2000 plus
volatility is really strong as far as being minimal companies, profitable cash flow positive, strong profit margins, solid team communities looking
great central banks just keep increasing their exposure and de-dollarization is underway.
My question really is, is like it's more of like a personal question. Like what do you what do you believe needs to happen for TRS to reflect all these
great things that are going on. Like is that an internal event, something going on for us with exploration or an external event? Or just wondering
if you could elaborate a little bit.
Question: Robert Paulson - Paulson Strategy Group - Analyst
: Yes, it doesn't make sense. And then thank you for it respecting the question and you guys are doing a wonderful job. I think everybody can agree
that the Company now versus where it was a short time ago, is a much different company, more grounded, more opportunity. You know, clean
financials, like a lot of the things people are really looking for in a marketplace that's looking quite attractive. And my question really is, as you guys
have your fingers on the pulse and see things that other people may not see it. Some of it is intuition saying like we're just doing all the right things
and it's a patience thing or and are there things that we should be considering doing that were not there?
Question: Robert Paulson - Paulson Strategy Group - Analyst
: Fair enough. If you would allow me to ask one more question kind of in line with what you were just discussing. Is there is there something that
we could see in the future or something that's kind of close that down? Have you like like we're talking about obstacle wise, is there anything that
we could see that in the way right now that would hold us back from from doing or being the things that we want to it be doing?
Question: Jake Sekeslky - Alliance Global Partners - Analyst
: I'd like to hand the meeting back over to Stephen Maloney, who will take us through questions submitted in writing.
Question: Jake Sekeslky - Alliance Global Partners - Analyst
: That's right. Or would you like to give any concluding remarks before we conclude?
Question: Jake Sekeslky - Alliance Global Partners - Analyst
: This concludes the meeting. You may disconnect. Thank you for participating, and have a pleasant day.
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