Australian mining company Troy Resources Limited yesterday announced that it has secured needed capital for the immediate restart of its Karouni Gold Mine operations in Region Seven, for which it will be hiring workers.
“Since late November the Company has been working on sourcing the working capital required to make a formal decision to restart the operations… With that funding now secured, the Board has formally approved the recommencement of operations at the Karouni Gold Mine,” the company said in a statement yesterday. The funding secured amounts to approximately US$10.3 million.