TRX jumps as investors focus on TRX Gold’s record Q2 results, cash generation
TRX•The move in “TRX” at $1.14 appears tied to TRX Gold Corporation (NYSE American: TRX), not the TRON (TRX) cryptocurrency. Shares have been supported by recent record Q2 FY2026 results reporting $34.1 million revenue, 7,453 ounces poured, and $20.2 million adjusted EBITDA.
1) What’s driving TRX today
TRX is trading higher as investors continue to digest TRX Gold Corporation’s recently released second-quarter fiscal 2026 results, which highlighted record production, revenue and adjusted EBITDA at its Buckreef Gold Project. The company reported Q2 revenue of $34.1 million on record gold sales volumes and a record realized gold price, alongside $20.2 million in adjusted EBITDA and positive operating cash flow.
2) Key numbers investors are reacting to
In its April 15, 2026 update covering the three and six months ended February 28, 2026, TRX Gold reported 7,453 ounces poured and 7,314 ounces sold in the quarter, with an average realized price (net) of $4,655 per ounce. The quarter also produced record gross profit and a high gross margin, reinforcing the market narrative that the operation is moving into a stronger cash-generation phase.
3) A common ticker mix-up to watch
The user-provided name “TRON” and ticker “TRX” can create confusion: TRX is also widely recognized as the TRON blockchain token in crypto markets, while the U.S.-listed equity using TRX is TRX Gold Corporation on NYSE American. If your price feed shows $1.14 for “TRX” as a stock, that aligns with TRX Gold rather than the TRON token, which trades as a cryptocurrency pair (often shown as TRX-USD).
4) What to watch next
Traders will be watching for follow-through on production guidance and updates on expansion and capital/processing milestones at Buckreef, because the recent report tied the share narrative to operational scaling and margins. If gold prices and throughput remain supportive, the market could continue to reward evidence that the company can convert record revenue into durable free cash flow rather than one-off quarter strength.
