Following several challenges last year, Australian-based Troy Resources has announced that it has resumed operations at its Karouni goldmine in Region Seven (Cuyuni-Mazaruni).
The gold mining company says it began operations in the second week of January and it intends to resume full production by the end of next month.
Last year, the future of Troy Resources was put in question following the death of a geologist at the mines site.
After the geologist’s death, the company was issued a cease order.
The loss of production days coupled with existing financial constraints resulted in the company operating at a loss and sending home hundreds of employees.
However, in a statement last night, the company said they have complied with all requirements and received the requisite approvals for the resumption of activities.
Some employees were rehired and work is moving apace to have the processing plant operate on a full-time basis.
The company said it was able to restart operations after a successful fundraising event which secured approximately US$10.3 million.