TRX Gold Corp Q4 2025 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Heiko Ihle - H C Wainwright & Co LLC (Pre-Merger) - Analyst : Looking forward to seeing some of you next week. You were talking about the drill rig that's coming this week. Can you give a bit of color on where you expect to focus this drilling? You hinted at it a little bit earlier. How many meters do you expect to see the time frame for drilling and maybe even a bit of background on costs and changes to costs since I assume they're substantially cheaper than hiring someone that owns the rig?

Question: Heiko Ihle - H C Wainwright & Co LLC (Pre-Merger) - Analyst : When you say there might be a second rig, how long does it take to get something like that? Is that easy to do? Is there like importing it, is this tough? I have no idea.

Question: Heiko Ihle - H C Wainwright & Co LLC (Pre-Merger) - Analyst : Right. And then just playing big picture here for a second. I mean, obviously, 2025 was quite transformational. It seems like this question. You talked a bit about the mine plan on this call. And just in general, do you want to maybe just sum up the three catalysts for the company that you're most excited about for the next 12 months that are maybe underappreciated by people like me and by the market as a whole?

Question: Heiko Ihle - H C Wainwright & Co LLC (Pre-Merger) - Analyst : The metal pricing environment helps -- all I would say is the metal pricing environment obviously helps.