Gold producer Troy Resources is pleased to report the results of its NI43-101 and JORC Pre-feasibility Study (collectively the Study) for the open cut mining and treatment of the Smarts and Hicks Deposits at its 100% owned Karouni Project in Guyana. The Study was prepared by Troy personnel and qualified consultants. The Study considers only Measured and Indicated Resources that are mineable by open cut and follows on from [...]
Gold producer Troy Resources gives the following update: The Company advises that a series of rockfalls have occurred in one of the high grade stopes within the INCA 1 zone at its Casposo gold and silver mine in Argentina. There has been no injury to employees or damage to equipment. The area impacted is directly above level 9 and 10, the highest grade levels within the INCA 1 zone. It appears that a clay rich zone [...]
Gold producer Troy advises that it has entered into a hedging program with Investec Bank as follows: 14,000oz of gold for delivery over the next 12 months at a flat forward price of US$1,300 per oz; and 360,000oz of silver at US$19.46 per oz for delivery over the next 12 months. This is in addition to the 1,680,000oz of silver hedged last week at US$19.40 per oz.
Gold producer Troy announces that Mr Paul Benson, Managing Director and Chief Executive Officer has given his notice of resignation from his role with the Company. Mr Benson will work with the Board to ensure a smooth transition to his successor. Troy Chairman Mr David Dix thanked Mr Benson for his outstanding service since joining the Company in October 2007. "Troy has grown as a company during Paul's period of [...]
Gold producer Troy Resources is pleased to announce that that the Government of Guyana has approved an Investment Development Agreement (IDA) for its Karouni Gold Project in Guyana. The IDA was signed by Guyana's Minister of Finance, the Hon. Dr Ashni Singh, on Friday 25 April 2014. Execution of this IDA allows the Company's Guyanese operating subsidiaries to import duty and tax free the majority of the capital equipment [...]
Please be advised that Troy Resources Limited has released its Quarterly Report for the quarter ending 31 March 2014. A copy of this report can be accessed via the Troy website; www.troyres.com.au under "Latest Announcements". The report can also be found under the Company's profile on the SEDAR
Gold producer Troy is pleased to announce that it has signed a Mandate Letter and Term Sheet with Investec Bank for the provision of a Revolving Corporate Facility of up to A$100 million to progress the development of the Karouni project in Guyana, refinance existing facilities and provide working capital. Of the A$100 million, A$70 million has been credit approved subject to finalisation of documentation.
Gold producer Troy Resources advises that the share purchase plan (SPP) launched on 4 March 2014 closed on 24 March. The SPP was designed to provide retail shareholders with the opportunity to purchase shares in the Company at the same issue price as those institutions that participated in the placement to raise approximately A$28 million. The Company is pleased to advise that, notwithstanding the gold and share price [...]
Gold producer Troy is pleased to announce the successful completion of the ordinary share placement to institutional and sophisticated investors announced on 26 February 2014. The Placement raised approximately A$28 million. The issue price under the Placement was A$1.25 per share representing a: 5.66% discount to the closing share price on the ASX of A$1.325 per share on 25 February 2014; and 5.91% discount to the 5 day [...]
Troy advises that a presentation relating to an Equity Raising to Advance the West Omai Project can be viewed on the Company's website as follows: http://www.troyres.com.au ABN: 33 006 243 750
Gold producer Troy is pleased to announce a capital raising of up to approximately A$28 million via an ordinary share Placement to institutional and sophisticated investors, and following that a share purchase plan to eligible shareholders to raise up to an additional A$10 million. The Placement comprises an issue of up to approximately 22.29 million ordinary shares in Troy and will be conducted at a fixed price of A$1.25 [...]
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