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.
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.
Troy Resources has warned it may not reach its financial year production target at its Casposo gold and silver mine in Argentina amid setbacks in accessing high grade ore sections.
Gold miner Troy Resources says it has secured the final funding required to develop its Karouni project in West Guyana, with Investec Bank agreeing to provide the company with a $100 million revolving credit facility.
Troy Resources has become the latest Perth-based miner to take a financial hit on the back of a softer gold price, reporting a half-year net loss of $6.8 million.
Gold miner Troy Resources' net profit has been smashed by lower gold and silver prices and lower grades at both of its producing mines, falling 41 per cent in the 2013 financial year.
Gold miner Troy Resources has secured $40 million in loans from financier Investec Bank to bolster its coffers as it works through its $188 million takeover of Azimuth Resources.
While most media attention seems focused on iron ore and the major operators, there's a number of smaller players offering plenty of potential across a range of minerals. Here's the WA Business News 10 mining stocks to watch.
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
Shares in Troy Resources were higher today after the company brokered a peace deal with dissident former chairman John Jones, resulting in three directors, including chief executive Paul Benson, stepping down from the board.
