Company

About Us

Troilus Gold Corp. is a Canadian development-stage mining company dedicated to the systematic advancement of the former Troilus gold and copper mine towards a mine-restart. Located in the tier-one mining jurisdiction of Quebec, Canada, Troilus holds a large land position of 435 km² within the Frôtet-Evans Greenstone Belt. A Feasibility Study completed in May 2024 supports a generational scale 22-year, 50ktpd open-pit mining operation, projecting average annual production of 303,000 oz of gold equivalent (or 135.4 million lbs of copper equivalent)*. The Troilus Project ranks among Canada’s largest undeveloped gold-copper assets and is set to emerge as one of the country’s largest future producers. With a clearly defined path to production, Troilus Gold Corp. is poised to deliver long-term value to its shareholders.

*See AuEq disclosure on THIS page. CuEq recovered metal assumes a 92% recovery rate for all metals.

Corporate & Project Highlights

  • Troilus is steadily advancing the gold-copper Troilus Project towards production in Quebec, Canada - one of the world’s most attractive mining jurisdictions (*according to the 2022 Fraser Institute’s annual survey of the mining industry);
  • Troilus is a past-producing mine (1996-210) with significant existing and upgraded infrastructure worth an estimated US$500 million, including 50MW substation and power lines, an extensive network of well-maintained all-weather roads, operating water treatment facilities, and a permitted tailings facility;
  • A Feasibility Study completed in May 2024 supports a long life, large scale, 50ktpd open-pit mining operation that positions it among the largest and lowest cost projects that stands out in the Quebec and Canadian mining landscapes. See the results HERE.
  • The Feasibility Study is based on a Mineral Reserve estimate of 380Mt grading 0.59 g/t gold equivalent (0.49 g/t Au, 0.058% Cu and 1.0 g/t Ag) for a contained 7.26Moz AuEq (6.02 Moz Au, 484 Mlbs Cu and 12.2 Moz Ag);
  • Troilus is one of largest undeveloped gold-copper deposits in North America. The latest  Mineral Resource Estimate from late 2023, estimates 11.21 Moz AuEq* in the Indicated category + 1.80 Moz AuEq* in the Inferred category (view complete results here); an impressive 447% increase in AuEq ounces since Troilus was formed in 2018;
  • Federal and Provincial permitting processes were initiated in May 2022;
  • Strong municipal and community support;
  • Access to experienced labour pool due to proximity to Chibougamau & Mistissini, Quebec;
  • Led by a highly experienced technical and capital markets team with a proven track-record of successful mine development;
  • Well capitalized, no debt;
  • Strong institutional shareholder base, including major global resource funds.

The Company continues to systematically advance and de-risk the Troilus Project towards a production scenario with the goal of delivering long-term value to its shareholders.

*Indicated: 508.3 Mt at 0.69 g/t AuEq ; Inferred: 80.5 Mt at 0.69 g/t AuEq. Cut off grades are based on $US 1,850/ oz Au; $4.25/lb Cu, and $23.00/ oz Ag; with an exchange rate of US$1.00: CAD$1.30. Recoveries varied with an average of 90% Gold, 92.5 % Silver and 91.8% copper without considering revenues from other metals. AuEq formulas are calculated as follows: Z87 Zone : AuEq = Au grade + 1.5628 * Cu grade + 0.0128 * Ag grade; J Zone : AuEq = Au grade + 1.5107 * Cu grade + 0.0119 * Ag grade; X22 Zone : AuEq = Au grade + 1.5628 * Cu grade + 0.0128* Ag grade; SW Zone : AuEq = Au grade + 1.6823 * Cu grade + 0.0124 * Ag grade.