Troilus cofounder retires as president
Canadian junior Troilus Gold on Friday announced that president and cofounder Paul Pint would retire, and that CEO Justin Reid would be assuming the duties of president as well.
“Paul has been instrumental in the development of the team, asset and shareholder base, now defining one of the largest gold and copper assets in Canada.
“Personally, Paul has been a loyal, driven and dedicated business partner for over a decade; his efforts have been a large part of our success to date,” said Reid.
Troilus in September announced 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 combined openpit/underground mine for a 35 000 t/d operation over a 22-year mine life, producing an average of 220 000 oz/y for the first five years and 246 000 oz/y for the first 14 years.
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