- In a new report, the Conservative Party of Canada names Troilus Gold’s eponymous gold and copper project in Quebec as a key Canadian resource development
- The project is estimated to generate over C$1.8 billion in tax revenue over its 22-year operating life
- Troilus is a Canadian development-stage mining company advancing the former Troilus gold and copper mine towards production
- Troilus Gold stock (TSX:TLG) has given back 45.33 per cent since 2020
In a new report, the Conservative Party of Canada names Troilus Gold‘s eponymous gold and copper project in Quebec as a key Canadian resource development.
Citing nine other projects of interest, the report makes a case for a streamlined resource permitting and development process made up of one application and one environmental review to “quickly and safely unleash Canada’s natural resources,” enabling Canadians to “stand on our own two feet and stand up to the Americans.”
Troilus is the largest copper project in Quebec at the permitting stage, as well as one of the largest undeveloped copper-gold deposits in Canada. A 2024 feasibility study substantiates average annual production of 135.4 million pounds of copper equivalent or 303,000 ounces of gold equivalent, representing over C$1.8 billion in tax contribution over a 22-year mine life. The project – backed by a US$700 million credit agreement – will begin the final phase of its environmental and social impact assessment in Q2 2025.
Other notable projects in the report include:
- The Crawford nickel project (Ontario), which houses the world’s second-largest nickel reserve and second-largest resource, owned by Canada Nickel Company (TSXV:CNC).
- LNG Canada’s phase-II expansion (British Columbia), aiming to double output from 14 million to 28 million tons per year.
- The Rook I uranium project (Saskatchewan), the largest development-stage uranium project in Canada, owned by NexGen Energy (TSX:NXE).
The Conservatives are broadly aligned with a policy proposal from the Liberal Party of Canada, delivered by Prime Minister Mark Carney, advocating for a “one project, one review” permitting system.
Leadership insights
“The growing dialogue at the federal level, on both sides of the floor, around streamlining permitting for major projects is an encouraging development for Canada’s resource sector,” Justin Reid, chief executive officer of Troilus Gold, said in a statement. “We’re pleased to see Troilus is recognized among the country’s most strategic developments. As one of the largest development-stage assets in the country, Troilus has the potential to support national critical mineral priorities while generating long-term value and meaningful fiscal contributions. A clearer and more efficient regulatory pathway will help unlock that value sooner, for all Canadians.”
About Troilus Gold
Troilus is a Canadian development-stage mining company advancing the former Troilus gold and copper mine towards production. The mine resides in a tier-one mining jurisdiction in Quebec’s Frôtet-Evans greenstone belt, where the company holds a 435 km² land position.
Troilus Gold stock (TSX:TLG) last traded at C$0.41 per share. The stock has given back 45.33 per cent since 2020.
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(Top image: Troilus Gold)