{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Troilus Gold (TSX:TLG) - Quebec Multi-Decade Gold-Copper Mine with C$2B NPV Potential","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/2bcf80f7\"></iframe>","width":"100%","height":180,"duration":1654,"description":"Interview with Justin Reid, CEO of Troilus Gold Corp.Our previous interview: https://www.cruxinvestor.com/posts/troilus-gold-tsxtlg-charging-ahead-with-resource-expansion-and-restart-4245Recording date: 23rd May 2024Troilus Gold Corp (TSX:TLG) offers investors a compelling opportunity to gain exposure to a large-scale, advanced-stage gold-copper project in the top-tier mining jurisdiction of Quebec, Canada. The company recently released a positive feasibility study on its wholly-owned Troilus project, outlining a robust 22-year mining operation with strong economics and free cash flow generation potential.The study envisions a 50,000 tonne per day open pit mine producing an average gold production of 244,600 ounces, 17.3 million pounds of copper and 446,700 ounces of silver annually over a 22-year mine life. All-in sustaining costs are estimated at $1,148/oz AuEq, putting Troilus among the lower half of the industry cost curve. The initial capex of $1.08 billion is reasonable for a project of this scale, with a chunk of the costs already covered by existing infrastructure.From an economic standpoint, the feasibility study delivers a base case after-tax NPV5% of $885 million and 14% IRR at $1,950/oz gold. While the IRR is on the low end, CEO Justin Reid argues that the market is undervaluing the true long-term cash flow potential of the asset. Over the life-of-mine, Troilus is estimated to generate a cumulative $2.2 billion in free cash flow at conservative gold prices and over $3.5 billion at spot prices, with annual FCF averaging $150-200 million. This FCF profile is very attractive for a company with a current market cap of just $150 million.To fund mine construction, Troilus is pursuing multiple avenues including potentially bringing in a strategic partner, securing offtake and stream financing, and tapping debt from Quebec government institutions. Management believes they can raise a significant portion of the required capital while limiting equity dilution....","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}