TRX Gold Corporation revised production guidance for the fiscal year 2024. For the year, gold production guidance is being revised to approximately 20,000 ounces, a decrease from the originally estimated guidance range of 25,000 ? 30,000 ounces.

Fiscal 2024 full year gold production has been partially impacted by a delay in accessing the high-grade ore blocks as scheduled in the initial mine sequence. This is primarily due to a delay in timing of planned mining activities as drilling and blasting activities were negatively impacted by contractor blast hole drill rig availability in second quarter and third quarter 2024, coupled with the impact of unusually heavy rainy season in Tanzania associated with the El Niño climatic conditions during the nine months ended May 31, 2024, which impacted load and haul operations from the pit. Drill rig availability has returned to planned levels and mining activity is planned to ramp up over fourth quarter 2024 and into Fiscal 2025.