TRX Gold Management
Management criteria checks 3/4
TRX Gold's CEO is Stephen Mullowney, appointed in Dec 2020, has a tenure of 5.75 years. total yearly compensation is $1.98M, comprised of 25.3% salary and 74.7% bonuses, including company stock and options. directly owns 1.37% of the company’s shares, worth $4.98M. The average tenure of the management team and the board of directors is 5.4 years and 5.5 years respectively.
Key information
Stephen Mullowney
Chief executive officer
US$2.0m
Total compensation
| CEO salary percentage | 25.31% |
| CEO tenure | 5.8yrs |
| CEO ownership | 1.4% |
| Management average tenure | 5.4yrs |
| Board average tenure | 5.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| May 31 2026 | n/a | n/a | -US$19m |
| Feb 28 2026 | n/a | n/a | -US$22m |
| Nov 30 2025 | n/a | n/a | -US$4m |
| Aug 31 2025 | US$2m | US$500k | US$687k |
| May 31 2025 | n/a | n/a | US$297k |
| Feb 28 2025 | n/a | n/a | -US$2m |
| Nov 30 2024 | n/a | n/a | US$1m |
| Aug 31 2024 | US$2m | US$500k | -US$470k |
| May 31 2024 | n/a | n/a | -US$1m |
| Feb 29 2024 | n/a | n/a | US$251k |
| Nov 30 2023 | n/a | n/a | -US$2m |
| Aug 31 2023 | US$2m | US$500k | US$2m |
| May 31 2023 | n/a | n/a | -US$3m |
| Feb 28 2023 | n/a | n/a | -US$123k |
| Nov 30 2022 | n/a | n/a | -US$682k |
| Aug 31 2022 | US$2m | US$500k | -US$6m |
| May 31 2022 | n/a | n/a | -US$5m |
| Feb 28 2022 | n/a | n/a | -US$7m |
| Nov 30 2021 | n/a | n/a | -US$5m |
| Aug 31 2021 | US$1m | US$375k | -US$4m |
Compensation vs Market: Stephen's total compensation ($USD1.98M) is about average for companies of similar size in the US market ($USD2.41M).
Compensation vs Earnings: Stephen's compensation has increased whilst the company is unprofitable.
CEO
Stephen Mullowney (49 yo)
Mr. Stephen Mullowney BBA, CFA, CA, CPA serves as the Chief Executive Officer at TRX Gold Corporation (formerly known as Tanzanian Gold Corporation) since December 01, 2020 and serves its Director since Fe...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 5.8yrs | US$1.98m | 1.37% $ 5.0m | |
| Chief Financial Officer | 5.5yrs | US$850.00k | 0.28% $ 1.0m | |
| Chief Operating Officer | 1.8yrs | US$1.62m | 0.26% $ 961.5k | |
| Senior Vice President of Tanzania | 5.3yrs | US$575.00k | 0.32% $ 1.2m | |
| Vice President of Investor Relations | no data | US$205.00k | no data |
Experienced Management: TRX's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 5.6yrs | US$1.98m | 1.37% $ 5.0m | |
| Independent Director | 4.6yrs | US$176.00k | 0.093% $ 336.7k | |
| Independent Chairman of the Board | 5.5yrs | US$261.00k | 0.23% $ 844.2k | |
| Independent Director | 21.7yrs | US$177.00k | 0.062% $ 223.7k | |
| Independent Director | 1.6yrs | US$70.00k | 0.010% $ 36.9k |
Experienced Board: TRX's board of directors are considered experienced (5.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/11 23:33 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/05/31 |
| Annual Earnings | 2025/08/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
TRX Gold Corporation is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jacob Sekelsky | Alliance Global Partners |
| Heiko Ihle | H.C. Wainwright & Co. |
| Richard Niehuser | Roth Capital Partners |