Troilus Gold Corp. (“Troilus” or the “Company”, TSX: TLG; OTCQX:
CHXMF; FSE: CM5R) is pleased to report the appointment of Mr. Andy
Fortin as Vice President of Operations and General Manager of the
Troilus Mine, effective immediately, to oversee the transition of
the Troilus Project into the development phase and eventual
operations. The Company is also pleased to provide an update on
operational progress, including advancements in the pit dewatering
program and the status of the Environmental and Social Impact
Assessment (“ESIA”).
Appointment of Andy Fortin as Vice
President, Operations and General Manager of Troilus
Mine
Troilus is pleased to welcome Andy Fortin as
Vice President of Operations and General Manager of the Troilus
Mine, effective immediately. Mr. Fortin brings over 28 years of
experience in mineral processing and project management, including
a notable tenure at the Troilus Mine during its 14-year operation
by Inmet Mining.
During his 12-year tenure at the Troilus Mine
from 1996-2008, Mr. Fortin held key positions during the project’s
construction and operational phases, including Chief Metallurgist
and Process & Maintenance Plant Manager. He led initiatives
such as the mill expansion from 10,000 to 20,000 tpd and the
implementation of an advanced control system to optimize
throughput. His familiarity with the Troilus site, combined with
expertise in feasibility studies, construction, operational
optimization, and metallurgical processes, will be instrumental as
the project advances toward development.
Beyond his experience at Troilus, Mr. Fortin
served as the Process & Surface Operation Manager at Goldcorp’s
Éléonore Mine and as Process Plant Manager at Agnico Eagle’s
Meadowbank Mine, where he was recognized with awards for
operational excellence and sustainability initiatives. Mr. Fortin’s
strong operational background includes implementing best practices
in health, safety, and environmental stewardship, all of which will
be invaluable as Troilus advances toward development and
construction.
Justin Reid, CEO of Troilus, commented, “We are
very pleased to welcome Andy to the Troilus team as we approach a
pivotal stage of development. His extensive experience in mineral
processing and project management, along with his strong
familiarity with the Troilus site, make him an ideal addition as we
prepare for production. Andy has consistently demonstrated a
commitment to operational excellence and sustainability, building
high-performing teams and optimizing mining operations across
diverse projects. We’re confident his leadership will be
instrumental in executing our strategy to advance Troilus as a
cornerstone copper-gold project in North America.”
Operational Update
Troilus has made substantial progress in its
dewatering operations. As announced on August 18, 2024, three 140Hp
pumps are currently dewatering the J4 pit, while dewatering of the
larger Z87 pit is set to commence in 2025. Over 2 million cubic
metres of water have been pumped out of the formerly mined J4 pit
to date (see Figure 1). The Company has been collaborating with
local land users to closely monitor the redirected water and ensure
safe environmental integration.
In November 2024, the Company reached major
milestones in its Project financing strategy with the receipt of
Letters of Intent (“LOI”) from multiple leading global Export
Credit Agencies (“ECA”), representing in-principle support totaling
US$1.3 billion, including US$500 million from Euler Hermes, US$300
million from Export Development Canada, US$300 million LOI from
Finnvera, and US$200 million from EKN. These LOIs demonstrate the
strong economic and strategic fundamentals of the Troilus Project
and provide a robust foundation for a multi-faceted financing
structure.
The Environmental and Social Impact Assessment
(ESIA) for the Troilus Project is progressing well. Troilus
recently completed the final community consultations with the
impacted Jamesian and Cree communities. The Company is now
finalizing the remaining sections of the report and aims to submit
the ESIA for Troilus to the Quebec ministry of environment
(Ministère de l’Environnement, de la Lutte contre les changements
climatiques, de la Faune et des Parcs - MELCCFP) in early Q1 2025.
Figure 1. J4 Pit Dewatering
Progress
About Troilus Gold Corp.
Troilus Gold Corp. is
a Canadian development-stage mining company focused on the
systematic advancement of the former gold and copper Troilus Mine
towards production. Troilus is located in the tier-one mining
jurisdiction of Quebec, Canada, where it holds a large land
position of 435 km² in the Frôtet-Evans Greenstone Belt. A
Feasibility Study completed in May 2024 supports a large-scale
22-year, 50ktpd open-pit mining operation, positioning it as a
cornerstone project in North America.
For more information:
Caroline ArsenaultVP Corporate
Communications+1 (647) 407-7123info@troilusgold.com
Cautionary Note Regarding
Forward-Looking Statements and Information
This press release
contains “forward-looking statements” within the meaning of
applicable Canadian securities legislation. Forward-looking
statements include, but are not limited to, statements regarding
the impact of the appointment on the Company, the timing and impact
of the dewatering and ESIA, statements regarding the non-binding
nature of the LOI and the likelihood that binding funding
commitments will follow on the timeline projected or at all,
development plans, opportunity to expand the scale of the project,
the project becoming a cornerstone mining project in Noth America;
the development potential and timetable of the project; the
estimation of mineral resources and reserves; realization of
mineral resource and reserve estimates; the timing and amount of
estimated future exploration; costs of future activities; capital
and operating expenditures; success of exploration activities; the
anticipated ability of investors to continue benefiting from the
Company’s low discovery costs, technical expertise and support from
local communities, the timing and amount of estimated future
exploration; and the anticipated results of the Company’s 2024
drill program and their possible impact on the potential size of
the mineral resource estimate. Generally, forward-looking
statements can be identified by the use of forward-looking
terminology such as “plans”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “continue”, “anticipates” or “does not anticipate”, or
“believes”, or variations of such words and phrases or statements
that certain actions, events or results “may”, “could”, “would”,
“will”, “might” or “will be taken”, “occur” or “be
achieved”. Forward-looking statements are made based upon
certain assumptions and other important facts that, if untrue,
could cause the actual results, performances or achievements of
Troilus to be materially different from future results,
performances or achievements expressed or implied by such
statements. Such statements and information are based on numerous
assumptions regarding present and future business strategies and
the environment in which Troilus will operate in the future.
Certain important factors that could cause actual results,
performances or achievements to differ materially from those in the
forward-looking statements include, amongst others, currency
fluctuations, the global economic climate, dilution, share price
volatility and competition. Forward-looking statements are subject
to known and unknown risks, uncertainties and other important
factors that may cause the actual results, level of activity,
performance or achievements of Troilus to be materially different
from those expressed or implied by such forward-looking statements,
including but not limited to: there being no assurance that the
exploration program or programs of the Company will result in
expanded mineral resources; risks and uncertainties inherent to
mineral resource and reserve estimates; the high degree of
uncertainties inherent to feasibility studies and other mining and
economic studies which are based to a significant extent on various
assumptions; variations in gold prices and other metals, exchange
rate fluctuations; variations in cost of supplies and labour;
receipt of necessary approvals; availability of financing for
project development; uncertainties and risks with respect to
developing mining projects; general business, economic,
competitive, political and social uncertainties; future gold and
other metal prices; accidents, labour disputes and shortages;
environmental and other risks of the mining industry, including
without limitation, risks and uncertainties discussed in the
Company’s latest Annual Information Form, its technical reports and
other continuous disclosure documents of the Company available
under the Company’s profile at www.sedarplus.ca. Although Troilus
has attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Troilus does
not undertake to update any forward-looking statements, except in
accordance with applicable securities laws.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/6ba7c4ec-5c2b-4599-96bf-051b90ce1851
Troilus Gold (TSX:TLG)
過去 株価チャート
から 11 2024 まで 12 2024
Troilus Gold (TSX:TLG)
過去 株価チャート
から 12 2023 まで 12 2024