In February, Troy Resources Limited produced 2,653 ounces of gold, up from 2,113 ounces in January, putting production for the first two months of 2021 at 4,766 ounces in comparison to 4,195 ounces for the last quarter of 2020.
The Australian gold miner has forecast that its monthly production is likely to exceed 2,200 ounces per month until at least the end of June 2021. If achieved, the company will see an effective break-even for the operation at its Karouni Mines.
The announcement was made in the company’s newsletter released on Monday.