PERTH, WESTERN AUSTRALIA--(Marketwire - April 12, 2012) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Growing junior gold producer, Troy Resources Limited (TSX:TRY)(ASX:TRY) is pleased to advise it will be included in the S&P/ASX 200 Index with effect from the close of trade on 19 April 2012.
Standard & Poor's Index Services, the leading provider of equity indices in Australia, announced Troy's inclusion in the ASX200 Index in a statement released Thursday, 12 April 2012.
Commenting on the announcement Troy's CEO, Paul Benson, said: "This is another important achievement for Troy, and one that reflects not only the continued strengthening of the company's share price and market capitalisation, but also the significant increase in share liquidity on the ASX over recent years.
"This is a significant milestone in Troy's growth trajectory and a clear indicator to our shareholders that the growth strategy embarked upon by the Board and Management is on target. With both Andorinhas and the low cost Casposo mine performing well and excellent exploration potential, we are well positioned to continue to grow the company.
"Our entry into the ranks of Australia's Top 200 companies will also serve to raise the profile of Troy within a wider audience of potential investors and is important because a number of funds specifically track this index or use it as a performance benchmark."
ABOUT TROY RESOURCES
Troy Resources (TSX:TRY)(ASX:TRY) is a dividend-paying junior gold producer, with a clear growth strategy. The Company has two producing gold operations; Andorinhas Mine in Para State, Brazil and the Casposo gold and silver mine, in San Juan province, Argentina.
Troy has an experienced Board and management team with a track record of successful, fast-track mine development and low-cost operations.
Troy has an annual exploration budget in excess of $15 million and a proven track record in exploration discoveries and strategic acquisitions.
Following the development of the Casposo project in Argentina, Troy has entered a renewed growth phase which will again lift the Company's annual gold production above 100,000 ounces of gold per annum.
The Company is well positioned to continue its path of strong growth and profitable operations, and on track to achieve its vision of becoming a highly profitable mid-tier gold producer with a portfolio of quality long-life assets.
The Company maintains a robust balance sheet and forecasts continued strong cash flow from its current assets. Troy's gold production is unhedged; allowing its shareholders access to the full benefit of current and future gold price upside.
Troy is a responsible corporate citizen, committed to the best practice of health and safety, environmental stewardship and social responsibility.
ABN 33 006 243 750