The Australia-headquartered mining company, Troy Resources Guyana Inc., is closing its gold mining operations in Guyana as it does not find the market feasible anymore, sources have informed the Stabroek News.
In a notice of the liquidation of assets, the company announced the sale of its assets and sources told the Stabroek News that “the company has basically shuttered its Guyana operations and is waiting on the administrator to give word of the final day…”
Stabroek News yesterday reached out to company representative, Michael Rodrigues, who referred all questions to the Australia head office. This newspaper reached out to the company via email but up to press time there had been no reply. There was no notice on the company’s website where plans are normally posted. Assets to be sold comprise mining and exploration equipment, shipping containers, catering and accommodation equipment and facilities and office equipment and furniture. At the Karouni site in Region 7, this newspaper understands that there has been daily theft of equipment which resulted from scaled down security and persons in the surrounding areas were aware of this.
