TRX GOLD CORPORATION

Ticker: TRX CUSIP: 87283P109 Class: Stock

Connor, Clark & Lunn Investment Management Ltd.'s Holding History (CIK: 0001596800)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 958,959 Value ($000) $887 Avg Close $0.74 Range $0.54 - $1.02

Q3 2025

Shares 108,500 Value ($000) $69 Avg Close $0.40 Range $0.32 - $0.64

Q1 2025

Shares 52,700 Value ($000) $16 Avg Close $0.32 Range $0.29 - $0.35

Q4 2024

Shares 48,700 Value ($000) $15 Avg Close $0.37 Range $0.28 - $0.42

Q3 2024

Shares 10,000 Value ($000) $4 Avg Close $0.40 Range $0.37 - $0.45

Q1 2023

Shares 67,000 Value ($000) $32 Avg Close $0.44 Range $0.33 - $0.52

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	958,959	$887	$0.74	$0.54 - $1.02
Q3 2025	108,500	$69	$0.40	$0.32 - $0.64
Q1 2025	52,700	$16	$0.32	$0.29 - $0.35
Q4 2024	48,700	$15	$0.37	$0.28 - $0.42
Q3 2024	10,000	$4	$0.40	$0.37 - $0.45
Q1 2023	67,000	$32	$0.44	$0.33 - $0.52