Quarterly silver production at Casposo rose from 356,548oz in the September quarter to 580,465oz, with gold production up 5% to 15,166oz.
 
While gold production was up for the quarter it was down significantly from the same time last year, falling almost 20%.
 
All-in sustaining costs at the project came in at $A1398/oz.
 
Gold production at the Andorinhas project in Brazil was down 3.8% to 7760oz for the quarter, 0.6% lower on the same time last year.
 
The C1 cash cost was also higher, up from $858/oz in September to $951/oz in December.
 
Key drivers of the increase were a rise in cyanide consumption, higher energy charges and one off redundancy costs.
 
Overall group gold produced rose slightly from 22,231oz in September to 22,926oz in December, but was down 15% from the 26,987oz posted at the same time last year.
 
The quarter also saw Troy make a positive scoping study for its West Omai Smarts deposit in Guyana and purchase a 3.2 megawatt ball mill for the project.
 
The company said it was on track to produce a pre-feasibility study in the June quarter, and if the study was successful, it would aim to start construction in the second half of CY2014.
 
“This was a good quarter on a number of fronts, with the highlight being the excellent progress moving the West Omai project forward,” Troy CEO Paul Benson said.
 
The company’s total cash stands at $18.4 million and its net debt stands at $14.7 million.
 
Troy shares were up 0.8% to $1.14 this afternoon.