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Troy ups output as Casposo delivers

3rd February 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

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PERTH (miningweekly.com) – Gold miner Troy Resources has reported a 16.1% increase in production during the three months to December, compared with the previous three months, as its Casposo mine, in Argentina, boosted output.

Gold production for the quarter under review reached 32 411 oz equivalent, with the Casposo mine delivering a 22.5% increase in quarterly gold equivalent production to 24 651 oz.

Silver production from Casposo was up by 62.8%, to 580 465 oz, while gold production was up 5.1% to 15 166 oz.

The increase in output was ascribed to higher grades at the Casposo mine, which also resulted in a 4.1% decrease in cash costs during the quarter under review.

At the Andorinhas operation, in Brazil, Troy delivered 7 760 oz of gold, which was nearly on par with the 7 807 oz produced in the previous quarter.

Edited by Creamer Media Reporter

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