Troy Weight

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Troy Weight

A system to measure mass. It originated in the Middle Ages in France and is arranged into (from lightest to heaviest) grains, pennyweights, ounces and pounds. Of these, only troy ounces are still used, and only to weigh precious metals. A troy ounce is heavier than an imperial ounce but lighter than an imperial pound.
References in periodicals archive ?
With gold at times nearing $1,000 troy ounce, the industry must surely be re-evaluating the potential for profit.
00US) per delivered troy ounce of gold bullion, adjusted annually according to posted average costs of production nationally.
00US) per troy ounce, AVRG's current asset base is approaching two hundred million dollars US ($200,000,000US)
51 g/t gold, containing approximately 10,300 troy ounces of gold.
The Buen Futuro project has current estimated proven and probable reserves of 84,000 troy ounces of gold and 82 million pounds of copper.
Buen Futuro is projected to produce 5,900 troy ounces of gold and 4.
Once funding has been secured to finance Golden Eagle's mine plan, and the Gold Bar equipment is moved to the Buen Futuro project in eastern Bolivia, the company's most recent projections show that the operation will recover more than 5,900 troy ounces of gold per month, and by the second year of operation, more than 4.
OTCBB:MYNG) announced today that its Cangalli gold mine continued to increase its gold production by recovering 18,724 grams, or 602 troy ounces, of gold in May.
5 million ounces; past placer gold production exceeds 31 million ounces and current lode gold resource top 90 million troy ounces.
During the seven-day period, the operation processed 200 (TPS) tonnes per day, recovering an average of 3 grams per tonne, for a total gold recovery of 4200 grams, or 135 troy ounces of gold.
02 troy ounces of gold per ton of bank run material (this, trading at well over $300 per ounce).