Toronto-listed Troilus Gold has announced the results of a preliminary economic assessment (PEA) for its namesake project in Quebec, outlining plans for a $333-million mine that has the potential to become a large North American gold producer.
The PEA supports a project with production spanning 22 years, robust potential economics at discounted and current gold prices, low capital expenditure, low capital intensity and a rapid payback, says Troilus CEO Justin Reid.