Welcome To the Troy Resources New HUB On AGORACOM

“To position Troy as a highly profitable mid-tier gold producer with a portfolio of quality long-life assets within prospective regions providing further exploration growth.”

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Troy Resources Profile

Troy is a dividend paying junior gold producer with operations at Sandstone in Western Australia and the Andorinhas Gold project in Para State, Brazil.

Troy has forged a proven record of fast-track mine development, low cost operations, strategic acquisitions and exploration discoveries, which combined with a strong commitment to health and safety, environmental stewardship and social responsibility, has seen Troy’s total production grow to over 100,000 ounces of gold per annum in 3 of the last 5 years.

Troy is positioned to continue its path of strong growth and profitable operations and is well on track to achieve its vision of becoming a highly profitable mid-tier gold producer with a portfolio of quality long-life assets.

Troy has a strong commitment to exploration, spending over A$10 million annually, with the current focus being gold and iron ore exploration at the Andorinhas Project in Brazil. Troy maintains a robust balance sheet, and existing mines are forecast to continue to generate strong cash flow. Troy’s gold production is unhedged providing 100 percent of the gold price upside to shareholders while protecting against downside risk with low operating costs.

At a glance:

  • proven track record of delivery – developed five mines in 10 years, sixth recently commissioned with first gold pour March 2008.
  • operations in Australia and Brazil producing over 100,000 ounces of gold per annum in 3 of the last 5 years
  • healthy financial position - over A$60 million in cash and liquid investments as at 30 September 2008.
  • ongoing unhedged cash flow
  • aggressive growth strategy - significant land positions in Australia, Brazil and Mongolia with an active exploration budget of A$10 million combined with strategic investments which provide alternative growth options
Last changed at 17-Apr-2009 01:25PM by Clavis