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Troilus Gold Corp T.TLG

Alternate Symbol(s):  CHXMF

Troilus Gold Corp. is a Canadian mining company focused on the systematic advancement and de-risking of the former gold and copper Troilus Mine towards production. The Company owns a 100% interest in the Troilus project. The Company holds a land position of approximately 435 square kilometers (km2) in the mining jurisdiction of Quebec, Canada, within the prospective Frotet-Evans Greenstone Belt. The Troilus Mine is located northeast of the Val-d'Or district of Quebec, produced 2 million ounces of gold and approximately 70,000 tons of copper. The seven kilometer main mineral corridor includes zones Z87, J Zone, X22 and Southwest, containing an estimated 11.21 Moz AuEq in the Indicated category and 1.80 Moz AuEq in the Inferred category. The Troilus property has an established infrastructure, including operating substation and power lines, an extensive network of well-maintained roads, operating water treatment facility, and a permitted tailing facility.


TSX:TLG - Post by User

Comment by crow27on Feb 17, 2024 4:24pm
106 Views
Post# 35886119

RE:Mexican ban on open pits good news for TLG!

RE:Mexican ban on open pits good news for TLG! The more roadblocks that are put up the higher the price of gold has to be. Inflation alone is driving costs up for every miner. TLG is far enough along to see that a mine is built but many will not get off the ground. The permitting of a tailings pond alone is huge and the cost is very high. TLG does not have to jump that hoop as ours is already built and permitted.
These roadblocks are there for other mined metals also. The only cure for higher costs are higher prices and that is going to happen as that is just around the corner folks. 
You just can't have it both ways. No one will be building any new mines with low commodity prices when your building costs are going through the roof.
TLG has 500 million of existing infrastructure already in place with some existing permits. If this was not the case I would say this is not a great buy. 
The buyers will continue to drive this stock higher .................................... just wait for it.
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