Overview
Tanzanian Royalty Exploration owns potential gold mining properties in East Africa and options out exploration and development rights under royalty agreements to larger mining companies. The company holds more than 140 mineral properties in Tanzania's Lake Victoria Greenstone belt and Kabanga regions (the sites of small-scale mining in the past). In addition to gold, Greenstone deposits contain diamonds, copper, nickel, and zinc. While none of
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Read More its properties is in production, the company has royalty agreements with industry giant Barrick Gold, as well as smaller firm MDN.
Read Less
Read More its properties is in production, the company has royalty agreements with industry giant Barrick Gold, as well as smaller firm MDN.
Read Less
Stephen Mullowney
See more contacts
Metal Ore Mining
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Support Activities for Mining
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Mining (except Oil and Gas)
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Mining, Quarrying, and Oil and Gas Extraction
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Open pit gold mining
See All Industries Exploration, Metal mining
See Fewer Industries
See All Industries Exploration, Metal mining
See Fewer Industries
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Actual
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Actual
$38.32 million
Actual
7.41%
$98
AUG
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Toronto:TRX
Contacts
Get in Touch with 12 Principals* and 8 Contacts
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Stephen MullowneyMember of the Board of Directors
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of August 31, 2023 (12 month period) in USD
Annual Revenue 2024
$38.32 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $15 | $17 | $3 |
| Net Investing Cash | -$14 | -$18 | -$14 |
| Net Financing Cash | -$1 | -$0 | $6 |
| Net Change in Cash | $1 | -$1 | -$5 |
| Cash at Beginning of Period | $8 | $8 | $13 |
| Cash at End of Period | $8 | $8 | $8 |
| Capital Expenditure | -$14 | -$18 | -$13 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $8 | $8 | $8 |
| Accounts Receivable | $2 | $3 | $3 |
| Inventories | $6 | $5 | $4 |
| Other Current Assets | $1 | $1 | $1 |
| Asset Summary | |||
| Total Current Assets | $18 | $17 | $16 |
| Tangible Fixed Assets | $78 | $64 | $52 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $99 | $84 | $72 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $16 | $12 | $8 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $6 | $6 | $9 |
| Liability Summary | |||
| Total Current Liabilities | $21 | $18 | $17 |
| Long-Term Debt | $ | $ | $ |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $33 | $23 | $21 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $166 | $165 | $164 |
| Retained Earnings | -$122 | -$121 | -$124 |
| Equity Summary | |||
| Total Equity | $55 | $54 | $49 |
| Shares Outstanding | 280,190,736 | 277,625,317 | 276,146,184 |