Rain dampens Troy’s production outlook

Gold miner Troy Resources on Friday downwardly revised gold production expectations for the September quarter, on the back of heavy rainfall at its Karouni project, in Guyana.

The company had previously estimated that gold production for the September quarter would reach between 26 000 oz and 28 000 oz, however, after experiencing the heaviest wet season since taking ownership of Karouni in 2013, Troy has now downgraded production expectations for the quarter to 24 000 oz.