Troy Resources Reports 27 Percent Climb in Profits on Stronger Revenues

Mining Weekly reported that Troy Resources announced a jump of 27 percent in profits for the first six months of the 2013 financial year, despite a drop in precious metal prices.

As quoted in the market report:

The ASX- and TSX-listed company noted that the increase in net profits was driven by a 23% rise in revenue, up to A$108.9-million, despite gold and silver prices being 1% and 6.5% lower respectively, than the previous corresponding half.

To view the whole Mining Weekly report, click here.