PROJECT FINANCE

Debt finally repaid after operational issues laid siege to Troy's cashflow

AFTER a tough run for the past few years, some good news from Troy Resources which is now debt-free and looking ahead to dividends after making a final repayment to Investec for a loan fully drawn to US$72 million back in March 2015.

Onwards and upwards and a return to paying dividends is the targeted flight plan for Troy now debt has been repaid for Karouni operation

Onwards and upwards and a return to paying dividends is the targeted flight plan for Troy now debt has been repaid for Karouni operation

Troy had been aiming to pay the loan back by the June 2017, however issues at its then-owned Casposo operation and the current Karouni project stymied the schedule. "It is great to now be in a position...

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