McGrathNicol has been appointed administrators to MZI Resources, just over a month after it announced it was $32.25 million in the red for the half-year to December, compared to a $11.34 million loss from the prior corresponding period.
Mineral sands miner MZI Resources has announced the completion of upgrades at its Keysbrook operation, while also outlining delays in the project and attempts to seek waivers from some conditions of an $80 million debt funding package.
Mineral sands miner MZI Resources has announced a new $US61 million ($80 million) debt funding package with major shareholder Resource Capital Fund to continue development at its Keysbrook operation near Serpentine and facilitate debt restructuring.
Mineral sands miner MZI Resources will spend $5 million to significantly upgrade the output capacity of its Keysbrook operation near Serpentine, which has been underperforming since it came online in 2015.
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.
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.
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.
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.
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.
