Articles On Troy Resources (ASX:TRY)

On Sunday, a chaotic ‘flash crash’ saw the gold price plummet into the $US1600s per ounce before staging a mild recovery. Experts mostly point to a better than expected jobs report out of the US for heavy selling that saw the traditional he...

As an uncorrelated asset – value not tied to larger fluctuations in the traditional markets — gold has had “its lunch cut a bit” by crypto, PCF Capital’s Liam Twigger says. “There is an article in the last Economist asking, ‘what happens if...

Strong consumer buying and modest institutional investment helped create gold demand of 955.1 tonnes over Q2 – a 9% rise from Q1 2021, and in line with the equivalent period last year. While both consumers and retail investors were purchasi...

ASX-listed Troy Resources has tabled a maiden ore reserve for the Smarts underground project at its Karouni gold operation in central Guyana. The company sees the 89,400-ounce reserve supporting production for at least 2.5 years while it ex...

Troy Resources has reported promising reverse circulation drilling results from its Gem Creek prospect, north of its 100 per cent owned Karouni gold operations in Guyana. Notable shallow drill hits such as 1m grading 7.5 grams per tonne and...

It is no longer just lip service — to create max value for shareholders, miners know they need good Environmental, Social and Governance (ESG) credentials. Failing to maintain good relationships with stakeholders (like governments, local co...

Gold had its worst month since November 2016 in June, down 7% to $US1,779/oz. Mining and exploration stocks have followed suit. This bearish trend creates a buying opportunity, experts say. Boutique investment advisory firm head Frank Holme...

ASX-listed Troy Resources has attracted global gold major Barrick Gold Corp into its large Karouni gold project in Guyana. A new joint venture agreement will see Barrick target tier-one gold finds in the southern part of Troy’s ground, incl...

Barrick Gold, the world’s second biggest gold miner, is buying a stake in ASX gold minnow Troy Resources (ASX:TRY) in the hopes of making a new discovery in South America’s Guiana Shield. The relatively underexplored mineral belt covers anc...

ASX-listed Troy Resources has edged closer to bringing its 288,000-ounce Smarts underground gold deposit into production by securing approvals from the Guyana Geology & Mines Commission to develop the resource at its 100 per cent-owned...

The market giveth and the market taketh. Truer words have never been spoken with gold prices diving nearly US$100 in less than a day after the US Federal Reserve signalled higher inflation and that interest rates could rise twice by 2023. G...

Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RSI). The RSI is a technical gauge which measures how trading momentum is affecting the price action. A reading of 70 is seen as the le...

Gold is re-starting its bull rally as two major obstacles — higher US Treasury yields and Bitcoin — fizzle. “Strong headwinds from parabolic Bitcoin and rising bond yields appear to have run their course,” Bloomberg Intelligence senior comm...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers during the trading day. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intrad...

Gold’s rally ran out of puff this week, with the precious metal dropping about 2% below ~$1US1,870/oz at Thursday close. Kitco’s Jim Wyckoff calls it “routine profit taking”. “Importantly, the price uptrend in gold on the daily chart remain...

Over the past two months the gold price has turned a corner, up ~12.7% to a high of $US1898/oz. That’s a four month high, erasing almost all of 2021’s losses. The share prices of local gold stocks have responded in kind. Over the past month...

Biotech Global Health (ASX:GLH) topped this week’s Running Hot list, in the wake of more steady gains in May which has seen its share price rise by almost 500 per cent over the past 12 months. Each week, Stockhead recaps ASX stocks that are...

Are large Bitcoin investors moving back into precious metals? In a note to clients, JPMorgan said large institutional investors are dumping bitcoin in favour of gold, reversing a trend that’s played out over the last two quarters. “The bitc...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

Troy Resources has increased its exposure to the geologically prospective Makaba Kuribrong Shear Zone around its Karouni gold mine in Guyana, snaring the “must have” Potaro target in a progressive land acquisition program that has expanded...

The recovery in the gold price from its early March lows — ~$1,670s to over $1,825 currently — was mostly driven by the decline in real interest rates and, more recently a poor US jobs report and increasing inflation. US core inflation in A...

Troy Resources has delivered more high-grade gold hits as it looks to grow the ounces beneath its operating Smarts open pit gold mine in Guyana, South America, including one 3m intercept grading a stunning 17.35 grams per tonne gold from 17...

“When you stop growing you start dying,” is a saying the ASX’s largest gold miners have apparently taken to heart. While hopefully remaining cognisant of the expensive, value-destroying deals which occurred when gold last peaked in the 2010...

The gold price traditionally thrives on geopolitical drama. Heightened tensions in eastern Ukraine, the recent incident at an Iranian nuclear site, and news of an unofficial US delegation visiting Taiwan are recent reminders that 2021 will...

Troy Resources appears to have steadied its gold production to “normal levels” at the Karouni gold mine in Guyana, South America. The news comes after a number of setbacks last year revolving around the coronavirus pandemic, higher-than-ave...

Gold continues to trend upwards on the back of US dollar’s ongoing weakness and concerns about inflation, so it’s unsurprising that the majority of gold plays on our watchlist have marked gains this week. The previous metal is currently tra...

The gold price may have languished slightly in 2021, but the number of gold IPOs certainly has not. Here’s what the newest ASX gold explorers are doing, where they are doing it, and why investors should care.   KINCORA COPPER (ASX:KCC) The...

Strange to think that it is a year since the world was turned upside down when the World Health Organisation declared COVID-19 a worldwide pandemic in mid-March 2020. In the week that followed the price of gold tumbled nearly $US200 to $US1...

A recent round of support for gold has seen the price consolidate above $US1,700 an ounce. However, with policy support from central banks, US stimulus and employment growth — underpinned by big infrastructure projects — you’d “expect gold...

ASX-listed Troy Resources has teased out further high-grade gold hits from the last four diamond drill holes at its Smarts Underground gold deposit which sits snuggly between its active Smarts open pits at the Karouni gold project in Guyana...

ASX-listed Troy Resources is back on track at the Karouni gold project in Guyana. Improved efficiencies at the Smarts pit have brought production numbers back to expectations, whilst drilling results from Smarts underground and the Goldstar...

Summary Troy’s flagship Karouni gold mine holds mineral resource of 16 million tonnes with a grade of 2 g/t gold containing 1,007 kilo ounces. The gold miner plans to add additional mineral ore resource/reserve at Smarts NW during the...

An outage of Tryo (ASX: TRY) EFTPOS terminals will stretch over a second week as the company scrambles to fix 'locked' hardware, igniting the rage of customers on social media. As announced last Tuesday, Tyro identified a connectivity iss...

Troy Resources has eked out more encouraging exploration results at its Karouni gold mine in Guyana where the company has managed to keep the drill rods turning despite a recent spate of COVID-19 infections on site.

Summary 100%-owned Karouni gold operation produced 23,580 ounces of gold during FY2020 despite a 2-month shut down, short-term growth anticipated from Smarts Underground. Karouni gold project holds a mineral resource of over 1 Moz. The...

For goldies, 2020 was a year when good news was rewarded, and great news celebrated. The precious metal has gained about 22 per cent year-to-date despite treading water since mid-August. And there’s a strong chance 2021 will start off with...

Summary Troy issues 25 million shares under the second tranche of placement on 16 December at the issue price of $0.12 a share. The gold miner has lodged a prospectus with ASIC and ASX, enabling all shareholders from the placement to s...

Summary Elixir Energy (ASX:EXR) has considerably overhauled the prospective resources at its wholly-owned Nomgon IX project in Mongolia. The audit was conducted by ERC Equipoise, and the Prospective Resources have been updated for the...

Summary Troy confirms high-grade mineralisation at Smarts NW on the 600-metres long strike and updated on drilling program comprising nine holes where 1,600 metres of drilling has been completed. Visible gold intersected at SDD196 at S...

Australia’s pioneering gold miner in Guyana, Troy Resources, has cleared a number of hurdles to build up production and exploration at this exciting frontier site with two rigs now on site and a set of assay results due in coming weeks.

Summary Troy holds a “camp scale” position on the regional structural corridor, offering a substantial opportunity for extending the economic life of the mining operations. Karouni gold operations holds a mineral resource of 16 Mt cont...

Summary Troy has re-entered Hicks 4 Phases 1 & 2 and completed mining at Hicks 4 Phase 3. The mining at Hicks 4 Phases 1 & 2 is anticipated to mine high-grade gold ores against the phase 3 pit. The insurance claims for the Karo...

ShareCafeAustralia…One Hour In…ASX Up 53 Points ASX200 up 53 points (0.8%) to 6698. – Alumina (+3.3%); the bullish double bottom chart pattern has been triggered…..– APA (+0.5%); will invest up to $460m in a new pipeline connecting gas fiel...

Experienced gold producer with premium focus on the gold foothold in Guyana, Troy Resources Limited (ASX:TRY) is galloping ahead with its Karouni Gold Project. The project is located in Guyana of South America and was acquired from the ASX/...

Summary Assay results for final 2 drill holes of the Smarts Underground Ore Reserve definition program returned high-grade gold intercepts with grade up to 12.98 g/t gold Updated Resource and initial Reserve estimation is expected durin...

Summary Karouni expands over 849 square kilometres area over the Guiana Shield in Guyana Guyana has been believed to host the mythical city of gold, El dorado and has been at the centre of the gold mining discoveries Stable jurisdictio...

Summary Troy Resources reported lower than expected gold production at 6,334 ounces due to lesser mine production and mill head grade. Expat management is returning to Karouni mine site following the easing of lockdown measures in Guyan...

Summary Troy has received fund commitments from the existing and new sophisticated and institutional investors for 125 million shares to raise $15 million in 2 tranches Funds raised would be used towards driving the exploration program...

HAVING had promising exploration success at its Karouni project in Guyana, Troy Resources is to raise A$15 million to accelerate the work.

Summary Troy announced the completion of drilling activity at the final hole (SDD190), with assay results pending World-class assay Results received from the second hole (SDD189) intercepts high-grade gold mineralisation with gold grade...