“The (study) outlines a generational-scale asset, with a 22-year mine life and compelling economics, both at discounted and current metal prices,” Troilus CEO Justin Reid said. “The project has reasonable capex and capital intensity, including bottom quartile operating costs among the major Canadian gold mines.”
The study comes as both copper and gold have recently touched highs not seen in years, with the price of the red metal hitting $4.89 per lb. on Tuesday, its highest in more than two years; and gold trading at $2,358 per oz., slightly down from its all-time high of $2,394.95 on April 21.
However, shares of Troilus Gold fell to C$0.57 on Tuesday at mid-day, for a market capitalization of C$163.1 million.
Using current (April 2024 average) metal prices of $2,332 per oz. gold, $4.30 per lb. copper and $27.50 per oz. silver, the project’s after-tax NPV and IRR would rise to $1.55 billion and 19.5% respectively.
The…
