Perth based Troy Resources has achieved a major milestone with the pouring of its first gold bar at the company’s new Karouni Gold plant in Guyana, South America. The gold bar, which weighed in at around 4.7kg is worth about $220 000 at today’s Australian dollar gold price.
Perth based Troy Resources has achieved a major milestone with the pouring of its first gold bar at the Company’s new Karouni Gold plant in Guyana, South America.
The Karouni plant is currently being run at between 40 and 50% of nominal capacity with the nameplate capacity of 80 000 tonnes per month expected to be reached sometime in early 2016.
After the first gold pour, Troy Executive Director of Project Development, Mr Ken Nilsson stated: "We are extremely excited to have poured our first gold bar at Karouni. The plant is fully functional and we are operating at a level slightly ahead of our anticipated ramp up program."
Karouni is the fourth gold mine developed by Troy in South America.
It boasts over 1m ounces of gold from its mineral resource estimate with more than 60% sitting at either measured or indicated status grading anywhere from 1.7 grams per tonne up to 6 grams per tonne depending on which pit the ore is to be drawn from.
Troy is looking to produce 100 000 ounces of gold a year over its initial 3 year mine life.