Commenting on the potential financings, Troilus Gold CEO Justin Reid said: “The partnerships with the Finnish, Swedish and German export credit agencies, underscore the strength of the project’s fundamentals and the confidence these global institutions have in Troilus.”
Troilus’ sole focus is to advance its flagship gold-copper asset of the same name towards production. Located in the Val-d’Or district of Quebec, the Troilus project hosts a former mine that produced 2 million oz. of gold and almost 70,000 tonnes of copper between 1996 and 2010.
In May, the company produced a feasibility study that demonstrated the potential for Troilus to be amongst the largest gold producers in Canada. Over an estimated 22-year mine life, its annual production in gold equivalent would average 303,000 oz., with peak production of 536,400 oz.
As outlined in the feasibility report, the project has an after-tax net…
