- CEO
- Richard J. Beazley BE FAICD, FAusIMM,
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 5 Ord Street West Perth WA Australia 6005
- IPO Date
- Apr 17, 2014
- Business
- Troy Resources Limited is a junior gold producer and explorer that engages in the mining, development, and exploration of gold and silver deposits in South America and Australia. The company produces gold through its operations at the Karouni gold mine in Guyana, which encompasses the Smarts and Hicks deposits on a large-scale mining license; the Andorinhas gold mine in Para State, Brazil; and the Casposo gold-silver mine in San Juan Province, Argentina, with additional exploration interests including the Sandstone gold project in Western Australia, Spearpoint Prospect, Larken Prospect, Gem Creek Prospect, Upper Itaki, Kaburi Hills, and Ohio Creek Prospect. It serves mining industry customers and investors seeking exposure to precious metals production and brownfields exploration, with operations spanning Guyana, Brazil, Argentina, and Australia.
Founded in 1984 and headquartered in West Perth, Western Australia, Troy Resources Limited listed on the Australian Securities Exchange under the ticker TRY from 1987 until its delisting on September 1, 2023, amid financial difficulties; its shares continue limited OTC trading under TRYRF in North America. In a major recent development, the company abruptly suspended operations at its flagship Karouni gold mine in Guyana in August 2023 due to financial challenges, leading to the Guyana government's cancellation of its mineral agreement and revocation of the large-scale mining license in October 2023, after which the site transitioned to small-scale miners and consortium feasibility studies. Previously, in July 2013, Troy acquired Azimuth Resources to gain control of the Karouni project, and it secured funding including AUD 2.76 million in equity in late 2018 and debt-to-equity conversions proposed in 2021 aimed at restarting Karouni, though no recent production restarts, new acquisitions, or partnerships have materialized post-2023 closure.