Aussie gold firm says has committed US$15M for mine

-to hire 500 for construction phase

The Australian firm seeking to construct and operate a gold mine at the Kaburi area, in Region Seven says that 500 persons are likely to be employed during construction and over US$15 million has already been directly committed for building of the mine.

“The total construction budget is approximately US$87 million and the construction phase is likely to see about 500 people on site reducing to a permanent work force of 250 – 300,” Troy Resources Guyana Inc (TRGI) said in an ad in the Sunday Stabroek. The company had advertised for management and technical positions two weeks ago and reported that this has resulted in a very high response which is pleasing, since the company’s aim in the medium to longer term is to have a minimum of expatriates working in Guyana. Further employment advertisement for positions will appear in June, the ad said.

Troy Resources has proposed a medium-scale gold mine designed to produce up to 110,000 ounces of gold per annum based on an average overall recovery of 92% at the Black Water Creek, Kaburi Area, in Region Seven. The company last year took over Pharsalus Gold Inc (PGI) which holds gold mining rights to several contiguous properties, acquired by …..To continue reading, login or subscribe now.

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