Based in Perth Junior Troy Resources has lost up to 2.23 million dollars worth of gold in a flight to his Andorinhas mine in Brazil, the company announced yesterday. According to Troy, a group of armed robbers took three employees hostage on the road leaving the mine before returning to the site Andorinhas where about 2,000 ounces of gold ore was taken.
The hostages were released unharmed. Troy CEO Paul Benson called the theft “disturbing”, but was sure to put the event in perspective. “Most importantly, all our employees have been released unharmed, he said. “The safety and well-being of our employees is our highest priority, highest.” The company said the loss is fully covered by insurance and the case is under investigation by local police. “We cooperate with authorities and will be placing on the market when we receive a final report,” Benson said.
At the recent presentation attended by Daily Mining, Troy President John Dow admitted to journalists who operate in areas such as South America are inherent risks, including corruption and political unrest.
He said that these factors are part of the company and must be handled properly. “It’s worth hassle,” he said. “You gotta go where the gold is.”
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