News Articles for Troy Resources

Massive UK investment fund, M & G Investments, who has a whopping £286b under management, has stumped up $6.3m to cornerstone Perth small cap, Troy Resources' latest capital raise. Troy will use the money to develop a resource at its exciting, high grade, near mine exploration play in South America known as Ohio Creek, that looks set to turbocharge the economics of its operating Karouni gold mine.

Troy Resources announced it received commitments to raise $7.57 via a share placement, with the funds to accelerate exploration at its South American gold project.

Advanced Braking Technology is pleased to announce the completion of its non-renounceable Retail Entitlement Offer.

A Singaporean group that holds about a 5 per cent stake in Troy Resources has called for a meeting to seek the replacement of the gold miner's board members with its own nominees.

CFOAM, manufacturer of inorganic carbon material, has appointed Todd Hoare as interim non-executive director.

Dr Simon Buckingham will step down as non-executive director of Creso Pharma and take on a consulting role, assisting newly appointed chief operating officer David Russell with the development of c

Martin Purvis is leaving his post as managing director and chief executive of Troy Resources to take on the same responsibilities at mineral sands miner MZI Resources, following Trevor Matthews' resignation in November.

Troy Resources have delivered some good news for shareholders with the company's first ore-grade hits from exploration outside of the Karouni mine area in South America. The encouraging gold intercepts validate the targeting work by Troy's exploration team last year and support the view that Karouni could be just the start for the Perth-based gold producer.

Troy Resources have developed some exciting new exploration targets near their Karouni gold mine in Guyana, South America, including a new prospect measuring 1200m by 150m. The new targets stem from a major review of historical geophysical data that may have generated some breakthrough ideas for targeting gold in the Karouni mine area.

Troy Resources has reported some impressively long mineralised drill intersections from recent, near mine drilling at its Karouni Gold mine in South America . The Perth-based company says it has identified favourable geological domains for gold deposits at its Goldstar, Hicks 4, and Smarts NW prospects with intersections up to 29m long.

Two Perth-based gold miners have run into trouble, with Troy Resources striking problems at its mine and Kingsrose Mining falling into voluntary administration.

SPECIAL REPORT: The stock market's appetite for new listings is allowing a range of companies, from family-owned engineering firm Veem to big national player Alinta Energy, to raise capital.

Gold miner Troy Resources were knocked over in the rush by heavyweight institutional investors clambering to get a peice of Troy's $40m capital raise this week. After turning out some stellar near mine drilling results in recent times, Troy have decided to target the low hanging fruit with a $16m exploration and development drive that will focus mostly on near mine exploration.

Gold miner Troy Resources has launched a $40.7 million capital raising to shore up its balance sheet and fund further development of its Karouni mine in Guyana.

Recent drilling at Troy Resources' Karouni gold mine in Guyana, South America, has increased the gold resource to more than 1.1 million ounces. In their latest annual statement of resources and ore reserves, Troy revealed a 48,000 ounce increase in ore reserves and an 83,400 ounce boost to inferred resources, adding around AUD$145m to the in-situ value of the resource.

Despite a few minor technical setbacks during FY16, Troy Resources' new Karouni Mine in Guyana in South America remains a highly profitable operation with C1 cash costs reported at just US$515 per ounce. All in sustaining costs came in at just US$816 an ounce and the company is predicting that could drop to as low as US$750 an ounce in FY17.

Troy Resources have overcome early mill problems at their new Karouni gold mine in Guyana, South America and made a series of improvements to boost production rates. The Perth-based gold miner also reported a swag of encouraging drilling, suggesting there is still plenty of upside in the Karouni resource.

Perth-based gold miner Troy Resources says it expects to record an $87 million impairment in its full-year accounts, with the majority of the charge attributed to the sale of its Casposo project in Argentina.

Troy Resources recent drilling program from the pit floor at the Karouni gold mine in South America has turned up a number of stellar intersections including one grading over 4 ounces to the tonne gold with visible gold evident in a number of samples. Around half of the 29 drill intercepts from the latest program occured below the current pit design.

Gold miner Troy Resources has warned of a big hit to its production guidance for 2016 after facing a number of delays at its Karouni operation in Guyana.

Auroch Minerals announced that Dr. Andrew Tunks has committed to a full-time role as Auroch CEO.

Troy Resources have re-negotiated a debt deal with an excellent outcome that will free up cash to further develop their Karouni Gold Mine resource in South America. Karouni re-wrote the playbook when Troy managed to take the project from vacant land to producing gold bars in just 2.5 years having built the $130m mine in 9 months. it now produces gold at an amazing USD$412 an ounce.

Austral Gold have agreed to purchase 51% of Troy Resources' marginal Argentine gold/silver mine, Casposo, for USD $3m. Austral are obliged to free carry Troy in a USD $10m capital works program designed to re-engineer the plant after it fell victim to the impact of high inflation and capital controls in Argentina coupled with a falling US dollar gold price.

Troy Resources have achieved commercial production at their $133m Karouni gold plant in Guyana, a small English speaking country on the north Atlantic coast of South America. The company says its Karouni plant is now self funding just 8 weeks after pouring its first 4.7kg gold bar. They are aiming for production of 80 000 tonnes a month from this month.

Colleagues have paid tribute to Troy Resources chairman and Aquarius Platinum director David Dix, who passed away overnight.

SPECIAL REPORT: Livestock exporter Wellard has had a rocky start to life as a listed company after completing Western Australia's second-largest capital raising of 2015, and the state's sixth-largest initial public offerings of all time. Wellard's $299 million IPO was one of the few high points of 2015, when a lack of mining deals led a sharp slide in overall capital raising activity.

Gold producer Troy Resources has raised $10 million from investors to fund ongoing work at its Karouni project in Guyana.

Perth based Troy Resources has achieved a major milestone with the pouring of its first gold bar at the company's new Karouni Gold plant in Guyana, South America. The gold bar, which weighed in at around 4.7kg is worth about $220 000 at today's Australian dollar gold price.

Perth based ASX listed gold miner Troy Resources today passed a major milestone by commissioning its much anticipated Karouni Gold Plant in Guyana, a small English speaking country on the north Atl

Local minerals explorer IMX Resources has announced plans to delist from the Toronto Stock Exchange due to a lack of demand for its shares in the Canadian market.

Troy Resources has announced a $40 million capital raising to fund exploration and development of its Karouni gold project in Guyana.

Perth-based gold producer Troy Resources has announced its intention to delist from the Toronto Stock Exchange due to a lack of demand for its shares in the Canadian market.

Perth-based gold producer Troy Resources has received an environmental permit for the construction and operation of its Karouni gold project in Guyana.

Leaner times in the junior mining and exploration sector have resulted in widespread cuts to chief executive pay, but the restraint has not been shared equally across the sector, with some actually lifting salaries.

Australian resources companies are under-represented in Latin America's mining sector despite its attractive operating environment, according to a seasoned player in the region.

Gold Miner Troy Resources has appointed former Singapore-based Sakari Resources head Martin Purvis as its new chief executive officer, after managing director Paul Benson left the company in July.

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.

After seven years at the helm of Troy Resources, managing director Paul Benson is leaving the company today following his announcement in late April.

Gold producers Resolute Mining and Troy Resources have released their quarterly activities reports for the June quarter, with Troy's share price falling more than 22 per cent on the results.

Troy Resources managing director and chief executive Paul Benson has given notice of his resignation after nearly seven years at the head of the gold and silver producer.