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Troy on balance

PERTH-based Troy Resources NL has entered the new year with a strong balance sheet and plenty of prospective exploration ground.

Production from two mines has put Troy ahead of its peers as one of the country’s lowest cost gold producers.

For the December quarter, the company reported production of 28,591 ounces at a cash cost of $172 per ounce.

Its 100 per cent owned Bulchina mine, near Sandstone, produced 14,578oz of gold at a cash cost of $163/oz. Troy’s 49 per cent share of the production at the Cornishman mine near South-ern Cross was 14,013oz at a cash cost of $182/oz.

Troy executive chairman John Jones said the results had put the company in a good position as it faced the new year with a debt-free cash position of $4.6 million and equity investments worth $1.5 million.

He was confident of boosting reserves in the Bulchina project, which he described as “the most robust gold operation in Australia”.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
155thTroy Resources86%-38%
491stBCI Minerals-4%-43%
507thRand Mining-6%52%
652ndPeninsula Energy-30%-25%
781stBlackham Resources-64%-5%
722 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

32nd↑Troy Resources$92.2m
39th↓BCI Minerals$63.6m
41st↑Blackham Resources$54.9m
45th↑Peninsula Energy$35.9m
46th↓Rand Mining$34.9m
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Troy Resources

134thKen Nilsson$641k
Ranked by total remuneration from all listed WA companies

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