CAPITAL MARKETS

Big loss for Troy

UNDER pressure gold miner Troy Resources has reported a net loss of A$148 million in fiscal 2017, with a write down of $108 million on the company’s Karouni property the main contributor to the negative result.

Michael Quinn
Big loss for Troy

Karouni produced 56,200 ounces for the year at all-in sustaining costs of US$1345/oz, with the project suffering various operational issues during the year. Troy also indicated that while it is in technical...

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