07/03/2016 - 20:53

New Troy partner to spend $10m on Casposo

07/03/2016 - 20:53

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Austral Gold have agreed to purchase 51% of Troy Resources’ marginal Argentine gold/silver mine, Casposo, for USD $3m. Austral are obliged to free carry Troy in a USD $10m capital works program designed to re-engineer the plant after it fell victim to the impact of high inflation and capital controls in Argentina coupled with a falling US dollar gold price. 

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