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Jobs to go, salaries slashed as Troy cuts costs

Troy Resources will slash the pay of its senior management, cut its exploration budget and jobs will be lost in Perth and South America, as the gold miner looks to restructure on the back of the falling gold price.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/09/18

1 year TSR5 year TSR
143rdMillennium Minerals59%-7%
441stGalaxy Resources-4%53%
444thTroy Resources-5%-42%
797thBlackham Resources-69%-21%
739 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

08/12/16
$228k Sold
07/12/16
$41k Sold
23/11/16
$122k Sold
Total value as at the date of the transaction
Source: Morningstar

Revenue

29th↑Galaxy Resources$128.1m
30th↑Blackham Resources$125.1m
31st↑Troy Resources$116.5m
32nd↓Millennium Minerals$116.0m
33rd↓Tiger Resources$113.2m
510 listed resources companies ranked by revenue.
Source: Morningstar

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