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.