The former Troilus Mine, located northeast of the Val-d'Or district of Quebec, produced 2 million ounces of gold and almost 70,000 tonnes of copper between 1996 and 2010.
The Troilus asset was acquired in 2017, following extensive due diligence including an in-depth geological assessment as well as economic and technical analyses. Since then, the inherited mineral resources have significantly increased to 12.1 Moz AuEq in the measured and indicated category (810.2 Mt with an average grade of 0.46 g/t AuEq*) and 2.4 Moz AuEq in the inferred category (182.5 Mt with an average grade of 0.41 g/t AuEq*).
The company published an updated Technical Study for the Troilus Project in September 2026, which shows potential for Troilus to rank among the largest gold-copper producers in Canada as a 26-year, 50ktpd open pit mining operation. Life-of-mine payable production is estimated at 5.63 million ounces of gold, 472 million pounds of copper and 10.88 million ounces of silver. Learn more HERE.
As a result of the previous operation, the Troilus property already has well established infrastructure valued at ~US$500 million, including an extensive network of well-maintained all-weather access roads, a 50MW substation and +60 kms of high-tension power lines maintained by Hydro-Quebec, a permitted tailings facility, and operating water treatment plants.
Troilus represents a unique opportunity for a mine restart in one of the world’s most favourable mining jurisdictions.
* Open pit cut-off 11.33 C$/t NSR. Metal prices for the NSR formulas are: US$ 2,415/ oz Au; US$ 4.60/lb Cu, and US$ 32.00/ oz Ag. Exchange Rate used to convert from C$ to US$ is 1.37. The metallurgical recoveries varied according to metal head grade and concentrate grades. The average recoveries by metal are 85.7% for gold, 88.7% for copper and 87.5% for silver. The formulas used to calculate equivalent values are as follows: 87 pit AuEq = Au + 1.3409*Cu +0.0135 *Ag, J pit AuEq = Au + 1.3565*Cu +0.0136 *Ag, SW pit AuEq = Au + 1.3681*Cu +0.0138 *Ag, X22 pit AuEq = Au + 1.3504*Cu +0.0136 *Ag.