OrbitonOpen research workspace →
Troilus Mining Corporation logo

Troilus Mining Corporation

TSX:TLGLive AI agent

Troilus Mining Corporation is a Canadian mining company focused on the responsible advancement of its flagship copper-gold project, Troilus, located in northern Quebec.

Investor website: https://troilusmining.com/

About

Troilus Mining Corporation is a Canadian mining company focused on the responsible advancement of its flagship copper-gold project, Troilus, located in northern Quebec. The 435 km² property is home to one of North America's largest undeveloped copper-gold deposits. After a previous production phase from 1996 to 2010, Troilus is now being redeveloped as a long-term open-pit operation, supported by strong infrastructure and a clear path to production. The completed feasibility study in May 2024 supports a 22-year mine life with a processing capacity of 50,000 tonnes per day and an estimated average annual production of 303,000 gold equivalent ounces.

Verified company data

Cash position
153 M
Shares outstanding
554753658
Fully diluted shares
600377073
Mineral resource
The updated open-pit Mineral Resource estimate encompasses the 87, J, X22 and SW zones and has an effective date of December 12, 2025. Measured and Indicated Mineral Resources total 810.2 million tonnes grading 0.39 g/t gold, 0.05% copper and 0.82 g/t silver, containing approximately 10.2 million ounces of gold, 868.5 million pounds of copper and 21.3 million ounces of silver. Inferred Mineral Resources total an additional 182.5 million tonnes grading 0.34 g/t gold, 0.04% copper and 0.72 g/t silver, containing approximately 2.0 million ounces of gold, 177.8 million pounds of copper and 4.2 million ounces of silver. Mineral Resources are inclusive of Mineral Reserves.
Projects
["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. 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."]
Leadership
Justin Reid (President & CEO, Director, Geologist and capital markets executive with over 20 years of experience in the mineral resource space. Formerly a partner and senior mining analyst at Sprott/Cormark Securities and Executive General Manager at Paladin Energy.), Denis Rivard (Executive Vice President, Projects, Professional engineer with over 40 years of experience in project leadership and strategic advisory roles, specializing in mining and infrastructure.), Brianna Davies (Sr. Vice President, Legal & Corporate Secretary, Corporate securities lawyer with over 15 years of experience in the mining industry.), Catherine Stretch (Senior Vice President, Corporate Affairs and Sustainability, Over 20 years of experience in capital markets focused on resource and agriculture companies.), Marty Rendall (CFO, Over 30 years of experience in senior financial leadership roles within the mining industry.), Susanna Milne (Vice President, Finance, Chartered Professional Accountant with nearly two decades of experience in the mining sector.), Jacqueline Leroux (Vice President, Environment and Permitting, Over 20 years of experience in the mining industry, specializing in environmental management.), Andy Fortin (Vice President, Operations and General Manager of the Troilus Mine, Over 28 years of expertise in mineral processing and operational leadership.), Daniel Bergeron (Vice President, Special Projects, Over 20 years of experience in community affairs and partnerships with First Nation communities.), Julien Roufast (Vice President, Commercial, Professional engineer with over 15 years of experience in large-scale infrastructure projects.), Chris Sharpe (Vice President, Technical Services, Over 20 years of experience in mine planning and project management.), Kyle Frank (Vice President, Corporate Development, Professional Geoscientist with over a decade of experience in advanced stage exploration.), Caroline Arsenault (Vice President, Corporate Communications, Nearly 20 years of experience in investor relations and corporate communications within the mining sector.)

Verified data last updated:

Recent filings

Investor FAQ