Karouni being consistent for Troy

BATTLING gold miner Troy Resources expects to continue producing at levels of about 6000 ounces per month in coming months, having produced around that level in both December and January.

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The company said stockpiles at its Karouni project in Guyana stood at 132,000 tonnes, equivalent to five weeks of milling.

The stockpile is in place to ensure processing can continue relatively uninterrupted through the heavy rainfall periods that the operation has to cope with.

Meanwhile the company said it was awaiting exploration results from drilling at its Spearpoint prospect.

The current Troy board is hoping to oversee some good production and exploration success in 2018 after a poor 2017 almost saw them rolled by a disgruntled shareolder.

Shares in Troy were up 5% to 10.5c in afternoon trade, capitalising the company at $48 million.

Troy sha...