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Troy Resources Ltd. (ASX:TRY) has declared commercial production at its Guyana-based Karouni gold project. The company has successfully commissioned all key components of the processing plant for the project.
Troy Resources Ltd. (ASX:TRY) has declared commercial production at its Guyana-based Karouni gold project. The company has successfully commissioned all key components of the processing plant for the project.
As quoted in the press release:
Commercial production is defined as the point when the mine is in the condition necessary for it to be capable of operating to the design specification set by management for long term sustainable production. It marks the completion of project development, commissioning and operational ramp-up of the mine and processing plant. The key design parameters considered include the mill reaching a pre-determined level of design capacity, recoveries, ability to produce a saleable product and maintaining ongoing production. Also, less than two months since the first gold pour at Karouni, the operation is now self-funding.
The plant continues to perform in line with expectations and mill throughput of ~80,000 dry tonnes per month is forecast to be reached in March 2016.
Martin Purvis, managing director of Troy Resources, commented:
Achieving commercial production is a significant milestone for the Company. I want to thank all our employees and contractors for their dedication and hard work ensuring the successful transition from commissioning to commercial production.
Click here to read the full Troy Resources Ltd. (ASX:TRY) press release.