News: TRY Troy Resources Reports Failure In Pit In Guyana

Oct 17 (Reuters) - Troy Resources Ltd (TRY) :

• KAROUNI OPERATION IN GUYANA SUSTAINED A SMALL GEOTECHNICAL EVENT WHICH RESULTED IN A SMALL FAILURE OF NORTHERN WALL IN SMARTS 3 PIT
• NO INJURIES WERE SUFFERED OR PERSONNEL ENDANGERED AND NO MACHINERY WAS LOST OR DAMAGED AS A RESULT OF INCIDENT
• CO TO SUSPEND & DEFER MINING IN PIT PENDING A REVIEW FROM GEOTECHNICAL CONSULTANTS, WHICH IS EXPECTED TO TAKE PLACE LATER THIS WEEK
• SLIP HAS NO IMPACT ON ORE RESERVES IN PIT, LIFE OF MINE OR COSTS, BUT WILL HAVE AN IMPACT ON SHORT AND MEDIUM TERM MINING SCHEDULE
• GOLD PRODUCTION IN DECEMBER 2018 QUARTER WILL BE SLIGHTLY LESS THAN PREVIOUSLY FORECAST
• LATER QUARTERS' GOLD PRODUCTION TO VARIOUSLY IMPACTED BUT TO WHAT LEVEL HAS NOT BEEN DETERMINED