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.
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Rank Company Revenue 52nd Troy Resources $62.6m 62nd Element 25 $33.7m 63rd Kaiser Reef $30.8m 65th Rand Mining $30.0m 66th Triangle Energy Global $29.8m 604 listed resources wa companies ranked by revenue.
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