- Business
- Troilus Gold Corp. (TSX: TLG) is a Canadian development-stage mining company focused on advancing the Troilus gold-copper project toward production; the company explores and develops mineral properties primarily for gold, copper and silver deposits within its 435 square kilometre land position in the Frotet-Evans Greenstone Belt, Quebec. Core assets include the flagship Troilus project, a former open-pit mine that operated from 1996 to 2010 producing over 2 million ounces of gold and 70,000 tonnes of copper, featuring probable mineral reserves of 380 million tonnes grading 0.59 grams per tonne gold equivalent for 7.26 million ounces; a May 2024 feasibility study outlines a 22-year mine life with average annual production of 303,000 ounces gold equivalent (244,600 ounces gold, 17.3 million pounds copper, 446,700 ounces silver) from a 50,000 tonnes per day operation processing ore via crushing, HPGR, ball milling, flotation, regrind, filtration and tailings management to yield gold-rich copper concentrate and doré. The project benefits from established infrastructure valued at approximately US$500 million, including all-weather roads, a 50-megawatt Hydro-Quebec substation, power lines, a permitted tailings facility and water treatment plants; operations target smelters via long-term offtake agreements. Headquartered in Montreal, Quebec, with a Toronto office, Troilus was incorporated in 2017 following acquisition of the site from First Quantum Minerals. Recent developments include closing a C$172.5 million bought deal public offering in November 2025 and upscaling a debt financing mandate to US$1 billion; securing letters of intent for US$1.3 billion in export credit agency support from Export Development Canada, Germany's Euler Hermes, Finland's Finnvera and Sweden's EKN; signing memoranda of agreement and commercial offtake terms for copper-gold concentrate with Aurubis AG and Boliden Commercial AB; filing the environmental and social impact assessment in June 2025; awarding detailed design engineering to BBA Inc.; appointing mining executive Rob Doyle as strategic advisor and achieving 85% completion of basic engineering ahead of a 2026 construction decision.