In order to achieve our strategic vision of repositioning Troy as a highly profitable mid-tier gold producer with a portfolio of quality long-life assets that provide opportunity for further exploration growth, we have adopted the following corporate strategy:
- grow annual gold production
- grow gold reserves
- create value through strategic acquisitions
- maintain an aggressive exploration program
- deliver fast-track project development
- build a best-practice culture
- generate strong earnings and cash flow from low cost operations
| Key developments in achieving this strategy: | |
|---|---|
| October 2006 | Milestone achievement at Sandstone with 10 tonnes of gold (over 300,000 oz) produced. |
| November 2006 | Purchase of Andorinhas Project in Brazil. The Project contains defined resources of 435,000oz with significant potential to grow. The purchase price was US$10.1M. |
| December 2006 | Troy acquires 19.4% (7.6M shares) stake in Canadian listed Comaplex Minerals Corp valued at A$27M (current value A$42M). Comaplex owns the major interest in the Meliadine Gold Project, Canada. |
| April 2007 | Share placement completed. 3.9M shares at A$3.10/share placed to institutional investors to raise about A$12M. |
| July 2007 | An initial reserve of 255,980oz gold has been announced for Troy’s 100% controlled Andorinhas Project in Brazil. |
| Janurary 2008 | Formally listed on Toronto Stock Exchange on 25 January 2008. |
| Feburary 2008 | Completes C$22 million offering. |
| March 2008 | Andorinhas project was formally commissioned on 14 March 2008 with the first gold poured. |
| July 2008 | Announced the sale of the Company's interest in Comaplex Minerals Corporation for C$6.15/share, to Agnico-Eagle Mines Limited. This represents a 21% premium to the most recent closing price. |
| March 2009 | Troy reaches agreement with Intrepid Mines Ltd to acquire the Casposo Gold-Silver Deposit in San Juan, Argentina. |
| May 2009 | Troy completes acquisition of the Casposo Gold-Silver deposit from Intrepid Mines Ltd. |
| December 2009 | Raises A$24.9 million through underwritten entitlement issue. |
| May 2010 | Completes A$25 million financing facility with Investec Bank (Australia) Limited. |
| November 2010 | First gold pour at Casposo. |
| October 2011 | Casposo achieves nameplate throughput. |
| May 2012 | Increase gold equivalent mineral reserves at Casposo by 50%. |
| March 2013 | Troy completes sale of Sandstone project to Southern Cross Goldfields Limited. |
| March 2013 | Announces recommended takeover offer for Azimuth Resources Limited which holds the Karouni gold project (formerly West Omai) in Guyana, South America. |
| June 2013 | Secures A$40 million facility to assist with costs associated with takeover of Azimuth and for general working capital. |
| July 2013 | Takeover offer for Azimuth closes and Troy moves to compulsory acquisition. |
| November 2013 | Ball mill acquired for the Karouni project. |
| February/March 2014 | Troy raises ~A$32 million (net) through the issue of 22.28 million shares at A$1.25 by way of a share placement and $5.3 million through a Share Purchase Plan. |
| April 2014 | Signs mandate with Investec Bank to complete funding requirements for development of the Karouni project. |