ASX-listed Troy Resources is back on track at the Karouni gold project in Guyana, South America. Improved efficiencies at the Smarts pit have brought production numbers back in line with expectations. Drilling results from the Smarts underground beneath the current pit and the Goldstar deposit a few kilometres away are anticipated for release next week as the company looks to increase the current mine-life.
Gold miner Troy Resources has flagged a net loss of $59.1 million on the back of a $61.2 million asset impairment of its Karouni gold project in Guyana.
Mermaid Marine Australia has agreed to purchase the subsidiaries of Singapore-based marine services provider Jaya Holdings for $S625 million ($550 million), in an all-cash deal which represents one of the largest acquisitions by a Western Australian company in recent years.
Humphrey Hale has stepped down as managing director at Wolf Minerals Limited, while former Grange Resources managing director Russell Clark will take over the position effective today.
Troy Resources has moved to acquire the remaining shares it does not already own in Azimuth Resources, after meeting the minimum acceptance provision of its $188 million takeover bid.
Troy Resources has extended its $188 million takeover offer for Azimuth Resources by two weeks, after failing to secure enough acceptances from existing shareholders to close the bid.
WHEN Silver Lake Resources managing director Les Davis and Integra Mining chief Chris Cairns used the first day of the recent Diggers & Dealers Forum in Kalgoorlie to unveil the $1 billion merg
Azimuth Resources has launched plans to raise $9.5 million through a placement and share purchase plan, to progress work programs at its Guyana gold exploration projects.
