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Troy pours first gold at Karouni

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.

 

 

 

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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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