Troilus Mining Corp
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Christopher Justin Reid
- Full Time Employees
- 47
- Sector
- Basic Materials
- Industry
- Other Precious Metals
- Address
- 715 Square Victoria Montreal QC Canada H2Y 2H7
- IPO Date
- Jan 8, 2021
- Website
- troilusmining.com
- Similar Companies
- Business
- Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF) is a Canadian development-stage mining company focused on the advancement of its flagship Troilus gold-copper project toward production; the company explores and develops mineral properties, primarily targeting gold, copper, and silver deposits through open-pit mining operations, resource expansion drilling, feasibility studies, and engineering works including mineral processing for gold equivalent ounces, copper concentrate, and associated silver byproducts. Headquartered in Montreal, Quebec, with operations centered in the 435 square kilometer Frôtet-Evans Greenstone Belt near Chibougamau, Quebec, Troilus was founded in 2017 and holds a strategic land position hosting one of Canada's largest undeveloped gold-copper assets, supported by legacy infrastructure such as a 50MW substation, power lines, permitted tailings facility, and water treatment plants from prior production between 1996 and 2010. The May 2024 Feasibility Study outlines a 22-year mine life at 50,000 tonnes per day, projecting average annual production of 303,000 ounces of gold equivalent, equivalent to 135.4 million pounds of copper equivalent including 244,600 ounces of gold, 17.3 million pounds of copper, and 446,700 ounces of silver, with recoveries averaging 90% for gold, 91.8% for copper, and 92.5% for silver. Recent developments include the submission of an Environmental and Social Impact Assessment in June 2025, completion of over 85% of basic engineering ahead of schedule with BBA Inc., indicative offtake agreements for copper-gold concentrate with Boliden Commercial AB in July 2025 and Aurubis AG in June 2025, a US$35 million loan facility secured in May 2025 for pre-development, closure of a $172.5 million bought deal public offering in November 2025 including full exercise of the over-allotment option, upsizing of a debt financing mandate to US$1 billion in November 2025 with support from Export Development Canada and Scandinavian export credit agencies totaling up to US$1.3 billion, and a strategic investment by VanEck in February 2025 alongside a US$700 million project financing mandate from global lenders including Société Générale and KfW IPEX-Bank, positioning the project for a potential construction decision in 2026.
Troilus Advances Procurement and Detailed Engineering as Project Execution Readiness Builds
Troilus Welcomes Québec Government Leaders to Its Site for Official Announcement of 70 MW Hydroelectric Power Allocation
Troilus Receives Full Power Allocation from Hydro-Québec and Quebec's Ministère de l'Économie, de l'Innovation et de l'Énergie (MEIE) to Support Mine Construction and Operations
Troilus Upsizes Debt Financing Mandate for up to US$1.2 Billion
Troilus Completes Basic Engineering and Advances Detailed Engineering as Project Execution Readiness Accelerates
Troilus Strengthens Financial Leadership as Project Advances Towards Construction
Top 5 Mining Stocks To Watch In 2026: No. 1 - Troilus Mining
Troilus Delivers on Key Development Milestones in 2025 and Enters a Pivotal Transition Year in 2026
Troilus Announces Completion of Name Change to Troilus Mining Corp. and Annual & Special Meeting Results
Troilus annonce avoir officialisé son changement de dénomination pour Corporation minière Troilus et présente les résultats de son assemblée annuelle et extraordinaire
Troilus Upsizes Debt Financing Mandate to US$1 Billion
Troilus Closes $172.5 Million Bought Deal Public Offering Including the Full Exercise of Over-Allotment Option
Troilus Announces $150 Million Bought Deal Public Offering
Troilus Announces Change of Auditor
Troilus Shortlisted for QMEA “Excellence in Sustainable Development” Recognition Award
Troilus Agrees to Commercial Offtake Terms with Boliden for Copper-Gold Concentrate
Troilus Appoints Mining Executive Rob Doyle as Strategic Advisor Ahead of Construction Phase
Troilus Provides Update on Basic and Detailed Engineering Progress With BBA
Troilus Intercepts 2.44 g/t AuEq Over 23m Within Broader Zone of 1.79 g/t AuEq Over 36m; Extends High-Grade Zone to Surface in the Southwest Zone
Troilus Secures US$35 Million Loan Facility to Advance Pre-Development Activities