Troilus triples value to $3.2B, closes in on funding

Troilus triples value to $3.2B, closes in on funding

A new study for Troilus Mining’s (TSX: TLG; US-OTC: CHXMF) namesake copper-gold project in Quebec has more than tripled the mine’s estimated value thanks to detailed engineering, an expanded reserve and...

Troilus Reports Updated Technical Report Following Completion of Basic Engineering, Delivering After-Tax US$3.2 Billion NPV5%, 22% IRR, and Cashflow of US$6.9 Billion at Base Case Gold Price of US $3,600/oz

MONTREAL, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Troilus Mining Corp. (“Troilus” or the “Company”) (TSX: TLG; OTCQX: CHXMF; FSE: CM5), is pleased to report the results of an updated NI 43-101 Technical Report (the “Technical Report”) for the gold-copper Troilus…

Troilus Mining Corp. (TSX:TLG) - Updated Study Delivers Bigger Reserve, Longer Life, Higher Confidence - Research Portal

Troilus Mining (TLG) reported the results of an updated technical report on its 100%-owned Troilus Au-Cu project in Quebec, incorporating the recently completed Basic Engineering program. The report outlines a 26-year, 50,000 tpd open pit operation generating an after-tax NPV5% of US$3.2B, a 22% IRR, and a 3.6-year payback at base case prices of US$3,6000/oz Au, US$5.00/lb Cu, and US$50/oz Ag, with cumulative after-tax cash flow of US$6.9B over the LOM. The update represents a significant improvement over the 2024 FS. Reserve tonnage increased 26% to 478Mt, the LOM strip ratio improved to 2.4:1 from 3.1:1, and mine life extends to 26 years from 22. Notably, the US$1.428B initial capital estimate is now based on higher-confidence estimates, supported by ~95,000 engineering hours, with 90% of pricing inputs validated against current market quotations. We view this as a positive update that improves the operating parameters and enhances already robust economics. The update includes more accurate capex and operating cost estimates that materially de-risk the project ahead of the debt financing package expected in H2/26. Troilus remains one of our top picks.