Troilus Gold Secures a US$700MM ( CDN$1BB) Project Financing Syndicate As The Next Key Milestone Towards Construction And Development Of The Troilus Gold Project
Last year Troilus Gold Corp. (TSX: TLG) (OTCQX: CHXMF) was able to secure US$1.3BB in LOI’s from 4 different Export Credit Agencies based in part on the import of future copper concentrates into various members of the European Union ( Germany, Sweden, Finland) and/or export of equipment from the same.
Troilus announced on March 13th, that “after considerable negotiation, that we have secured a US$700MM ( CDN$1BB) project financing syndicate underwritten by Societe Generale ( Paris), KfW Ipex-bank ( Frankfurt) and Export Development Canada. These lead arrangers will act as the agent via direct lending to the ECA’s for which we have an LOI ( Finnvera, EKN, Euler Hermes and EIFO).”
- Here is a link to that full press release:
Troilus Mandates Syndicate of Global Lenders for up to US$700M Project Financing
This project financing agreement is a very big step forward for Troilus Gold in de-risking this Project and moving towards development and construction. As most resource investors know, project financing can be a significant hurdle for projects of this scale (50ktpd, US$1B CAPEX), and this commitment is a strong endorsement of Troilus’ fundamentals. Plugging in current metal prices and exchange rate into the Troilus Feasibility Study model, then we are looking at a post-tax NPV5% of $2.6B and IRR of 27%, for a mine producing an average of 303,000oz AuEq over 22 years.
Below is a table showcasing the largest Canadian mine financings of the last decade, putting this transaction on the project financing syndicate into perspective.
On February 10th, we had Justin Reid, President and CEO of Troilus Gold Corp., back onto the KE Report for a comprehensive update of the key derisking work programs, additions made to personnel, detailed engineering underway, more drilling initiatives, permitting updates, and working on building the capital stack for the Troilus Project located in northcentral Quebec, Canada.
For those that missed that discussion, here is that interview:
GOLD…….$3050…………… I think it just left the pad………. 🙂
While Gold and Gold Stocks Continue To Shine, Dr Copper Has Been Starting To Dance Like Nobody’s Watching
Excelsior Prosperity w/ Shad Marquitz (03-20-2025)
https://excelsiorprosperity.substack.com/p/while-gold-and-gold-stocks-continue
Not only watching Ex …. I’m dancing a little jig myself… sorry DT. No video evidence. 😉
We are headed for the polls on April 28th according to the Globe and Mail. With Musk carving up entitlement programs Canadians will be watching the US and thinking that if they vote for the left again that their welfare state won’t be dismantled, the rabble is too stupid to realize that it is socialist policies that got us into this mess. That is why I have always advocated a “CRASH” to cleanse the system. The crash will come and whatever party is governing will get the blame.
And Wolfster I hope you can do two things at once, dance and sell apples! LOL! DT 🤣🤣🤣
I told you a while back DT. I’ll believe it only when it happens and it’s not looking as likely as it did last yr. Country full of morons means liberals are actually back in the race. 🙄
WR, if Pierre Poilievre gets in with a minority government the left will join forces and throw him out of office. He must get a majority government, or we will all lose. This is the most important election that Canada has ever held. DT
Haha! Nice to see you are also dancing a jig Wolfster… along with Dr Copper.
OH! OH! Musk wants to cut Social Security, and then it will be Medicare and Medicaid, they are dismantling the welfare state. Uncle Sam is so broke that even attacking the sacred cows won’t work. The peasants will be in the streets demanding his resignation. This will not end well except for the price of precious metal. DT
https://www.tradingview.com/x/cPEkjGS5/
DOLLAR : Inverse Head & Shoulders
Beware : Possible Gold Topping Action.
https://tinyurl.com/bddmb9wj
https://www.youtube.com/watch?v=mcuRqFh9rM0
Larry Pesavento Today: Gold Topping.
COT : Short Covering!
I always liked Troilus, I just couldn’t stand having money sit there, but it looks like it is finally getting some attention. There are gems out there that get no respect like Rodney Dangerfield would say. Troilus is one of them and I had bought into them about four months ago when they first announced the financing, but it was ignored by the market, now we should see some excitement. DT