Troy weeks away from production at Karouni
KALGOORLIE (miningweekly.com) – Dual-listed gold miner Troy Resources will start wet commissioning of its Karouni plant, in Guyana, by September this year, with first gold production to follow soon after.
MD and CEO Martin Purvis told delegates attending the second day of the Diggers & Dealers conference that mining at the Hicks deposit at Karouni had already started.
“Troy is only weeks away from the exciting event of opening up its first new mine in five years and that mine will be a flagship for the company. It’s the biggest mine that we have ever built,” he said.
The $70-million opencut operation, which would have a mine life of three years, would produce on average 101 000 oz/y of gold, barring the first year in which 104 400 oz is expected.
The project would make use of a conventional carbon-in-leach plant augmented with gravity gold recovery treating a nominal one-million tonnes a year.
Karouni was expected to have a life-of-mine average C1 cash cost of $480/oz, excluding royalties, and an all-in cash-cost of $602/oz.
Purvis noted that drilling work around Karouni was also expected to start in September, as Troy moved to prove up previously identified targets into resource and reserve categories to extend the mine life at Karouni.
“We have substantial targets that we have built up over the last year and we are sure that they will extend the life of the mine.”
With the Karouni mine now well on its way to production, Purvis said Troy would now look to identify other development opportunities.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...
VISIT SHOWROOM
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
