Troilus Gold Corporation

Sometimes in business, the story isn’t about creating something from scratch, but recognizing the overlooked potential in something left behind. This is the story of Troilus Gold Corporation and the revival of a major Canadian mine. The Troilus mine, located in Quebec, was a significant producer, yielding 2 million ounces of gold and nearly 70,000 tonnes of copper between 1996 and 2010. But as its operator, Inmet Mining, focused on other global projects, exploration at Troilus dwindled, and the mine eventually ceased operations. Enter a new team with a fresh perspective. In 2017, after extensive due diligence, the modern Troilus Gold Corp. was formed, acquiring the dormant asset. Led by CEO Justin Reid, a geologist with a deep background in capital markets, and a board including experienced mining engineer Peter Tagliamonte, the new company saw what others had missed. They believed significant deposits remained and that modern techniques could build a new future on the old mine’s foundation. The bet started to pay off. The company, which trades on the Toronto Stock Exchange, initiated extensive drilling programs and began raising capital to fund its vision. By late 2018, Troilus Gold expanded its land position by acquiring the adjacent Troilus North property. A May 2024 feasibility study outlined a large-scale, 22-year open-pit operation, positioning the project as one of the largest undeveloped gold-copper deposits in North America. This revival is built upon the site's existing infrastructure, a key advantage that reduces redevelopment costs.