Troilus Project Reports Strong Economics with $3.2 Billion After-Tax NPV
Troilus Mining Corp., a Canadian gold and copper miner, has released an updated technical report following its completion of Basic Engineering. The study presents compelling economics with significant cash flow generation.
The base case before-tax net present value (NPV5%) is US$5.3 billion, with an internal rate of return (IRR) of 27%. This is based on long-term metal prices of US$3,600 per ounce of gold, US$5.00 per pound of copper, and US$50.00 per ounce of silver.
The Technical Report outlines a large-scale mine life of approximately 26 years, with an after-tax NPV(5%) of $3.2 billion, after-tax IRR of 22% and 3.6-year payback period. Life-of-mine payable production is estimated at 5.63 million ounces of gold, 472 million pounds of copper, and 10.88 million ounces of silver.
Troilus CEO Justin Reid commented on the report's results, stating: 'The combination of a US$3.2 billion after-tax NPV, 22% IRR, 3.6-year payback and approximately 26-year mine life demonstrates the scale, longevity and economic strength of the Project.'