Troy Resources Limited

ASX : TRY
TSX : TRY


Troy Resources Limited

April 29, 2014 04:35 ET

Troy Hedging

PERTH, WESTERN AUSTRALIA--(Marketwired - April 29, 2014) -

NOT FOR RELEASE TO UNITED STATES NEWSWIRE SERVICES

Gold producer Troy Resources Limited (ASX:TRY)(TSX:TRY) (Troy or Company) advises that it has entered into a hedging program with Investec Bank as follows:

  • 14,000oz of gold for delivery over the next 12 months at a flat forward price of US$1,300 per oz; and
  • 360,000oz of silver at US$19.46 per oz for delivery over the next 12 months.

This is in addition to the 1,680,000oz of silver hedged last week at US$19.40 per oz.

ABN: 33 006 243 750

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