After a series of setbacks, Troy Resources Limited is aiming to return to gold mining and production at its Smarts Underground Site in the fourth quarter of 2023 and the company is currently in the preparatory phase of its resumption timeline.
The Australian mining company is also currently revising its business model and at this time is looking at an immediate capital investment of US$10 Million for its operations at Karouni in Region Seven.
“We have given ourselves an aggressive timeline for 2023. By this time next year, we anticipate to be back in production. There are a range of defining aspects required to align with this road map, one being underpinned by financial capability and capacity amongst others which we need to set in place to move forward,” Country Manager, Sven Tegeler, said in an interview with Stabroek News.
