Troy models low-cost gold mine at West Omai

VANCOUVER — As lower overall gold prices have taken hold it’s become increasingly important for developers to find projects that can be affordably put into production, and it looks like Latin America focused Troy Resources’ (TSE: TRY, ASX: TRY) wholly owned West Omai gold project in southern Guyana may be just such an asset.

On Jan. 21 Troy released a preliminary economic assessment (PEA) on West Omai that models a 750,000-t/y operation, which could be developed for upfront capital costs of just US$87 million. And since Troy's economic study utilizes a relatively realistic US$1,250 per oz gold price, West Omai also offers the company significant upside if the precious metal pricing environment were to improve.

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