Troilus Gold Corp. Achieves Significant Drill Results and Secures Offtake Agreement
Troilus Gold Corp., a development-stage mining company based in Toronto, Canada, has recently made significant strides in its exploration and commercial endeavors. The company, which specializes in uranium, copper, coal, and gold exploration, has reported promising drill results and secured a strategic offtake agreement.
Promising Drill Results
On June 17, 2025, Troilus announced impressive drill results from its Southwest Zone at the Troilus Project in northcentral Quebec. The company reported intercepting 78.38 grams per tonne (g/t) of gold equivalent (AuEq) over a 2-meter interval, including a remarkable 153.73 g/t AuEq over a 1-meter interval. These results are part of Troilus’s ongoing 2025 Exploration Program and highlight the potential of the Southwest Zone.
Strategic Offtake Agreement with Aurubis
In a significant commercial development, Troilus Gold Corp. has agreed to indicative commercial offtake terms with Aurubis AG, a leading global copper smelter headquartered in Hamburg, Germany. This agreement, announced on June 18, 2025, involves the purchase of Troilus’s copper-gold concentrate. The deal is expected to provide strategic market access for Troilus’s concentrate, with the project anticipated to produce approximately 135.4 million pounds of copper equivalent annually.
The agreement is part of a larger US$700 million financing package, supported by major financial institutions. Additionally, Troilus has secured a potential US$500 million untied loan guarantee from Euler Hermes, adding further financial backing to the project. Metallurgical testwork has indicated no processing issues, reinforcing the project’s viability.
Financial Overview
As of June 16, 2025, Troilus Gold Corp. had a close price of CAD 0.73 on the Toronto Stock Exchange, with a 52-week high of CAD 0.76 and a low of CAD 0.25. The company’s market capitalization stands at CAD 261.18 million. Despite a negative price-to-earnings ratio of -7.42, the recent developments may positively impact investor sentiment.
These recent achievements underscore Troilus Gold Corp.’s potential in the metals and mining sector, positioning the company for future growth and development.