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Troy suffers massive losses

Gold miner Troy Resources has reported a net loss after tax of A$76.7-million on the back of a non-cash impairment charge of A$57.3-million on the carrying value of its Karouni asset, in Guyana, and the unwinding of a deferred tax liability.

The net loss for the half-year compared with a loss of A$6.7-million in the previous corresponding period.