TRX Gold Corporation TRX

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TRX - Next-
TORONTO – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX)(“Barrick”) announced today that it has agreed to subscribe for 21,265,370 units (“Units”) of Hercules Silver Corp. (“Hercules”) in a non-brokered private placement (“Private Placement”) at a price of $1.10 per Unit, for total consideration of $23,391,907. Each Unit is comprised of one common share and 0.32 of a common share purchase warrant, where each whole warrant will entitle the holder for a period of two years to acquire one Hercules common share at a price of $1.32 per common share.

Barrick currently owns 5,291,500 common shares of Hercules, representing approximately 2.73% of Hercules’ issued and outstanding common shares on a non-diluted basis.

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Volume?

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Gold +2000
Time to break out!!!

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Let’s go

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Got to beat this for Q4!!!!!!!!!!!!!!!!!!!
Key highlights for Q3 2023 include:
1,000 tonne per day (“tpd”) mill running efficiently: In Q3 2023, Buckreef Gold poured 4,764 ounces of gold and sold 4,810 ounces of gold, resulting in positive operating cash flow for the Company of $3.2 million. Year to date, Buckreef Gold poured and sold 15,794 and 16,068 ounces of gold respectively; both nine-month production records for the Company, resulting in positive operating cash flow of $14.6 million.

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Market moving - let’s go TRX!

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Let’s get going

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CEO killed the moment with the dilution.
Will take Months to overcome/ unravel the hangover
New capital investments needs to perform to underpin value and get share price UP !

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Is the Volume - spillover or tailwind from Barrick positive earnings?

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Very low volume for a good little miner