Troy Resources to decide future of operations on Sunday

By Marcelle Thomas On In Guyana News |
Clearing of trees continued yesterday at the Hicks 1 Extension where employee Ryan Taylor, a geologist died last month. The area were Taylor got covered by rubble is about five metres right of the excavator.
Clearing of trees continued yesterday at the Hicks 1 Extension where employee Ryan Taylor, a geologist died last month. The area were Taylor got covered by rubble is about five metres right of the excavator.

The Board of Australian gold mining company, Troy Resources Ltd will on Sunday decide the future of its Region 7 operations, even as Chief Executive Officer Ken Nilsson said that they would need about US$5M per month to sustain it and hinted at a possible short-term scaling down.

“There are a number of factors. Next week everybody will know because I have a Board meeting on Sunday. What is possible is everything going back to where we were, doing it in a more focused manner or do nothing; those are the three options,”  Nilsson, yesterday told reporters during a tour of its Karouni mine in Cuyuni/Mazaruni.