Troilus Mining Corp. (TLG) Financings
TSX: TLG · Gold, Copper · Development stage
- Market cap$942.4M
- Share price$1.70
- 52-week range$1.20 – $2.47
- Shares outstanding554,374,870
- ExchangeTSX
- Websitetroilusmining.com
Troilus Mining Corp. is a Canadian development-stage mining company focused on the systematic advancement of the former gold and copper Troilus Mine towards production. Troilus is located in the tier-one mining jurisdiction of Quebec, Canada, where it holds a large land position of 435 km² in the Frotet-Evans Greenstone Belt. The Technical Report outlines a large-scale, approximately 26-year, 50ktpd open-pit mining operation, positioning it as a cornerstone project in North America.
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Troilus Mining Corp. financial statements
Key figures read from 43 of 43 financial statement filings, Nov 28, 2016 to Jun 4, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$25,081,981 | C$6,863,619 | C$3,901,133 | C$9,498,921 | C$53,460,390 |
| Total current assets | C$33,978,352 | C$17,071,431 | C$30,475,449 | C$23,982,676 | C$59,485,592 |
| Total current liabilities | C$29,220,575 | C$6,013,023 | C$3,988,775 | C$9,047,400 | C$7,089,705 |
| Working capital | C$4,757,777 | C$11,058,408 | C$26,486,674 | C$14,935,276 | C$52,395,887 |
| Property, plant and equipment | C$6,778,678 | C$5,542,660 | C$5,506,856 | C$5,893,541 | C$5,819,313 |
| Total assets | C$44,464,683 | C$24,931,670 | C$36,826,900 | C$30,720,812 | C$66,149,500 |
| Debt | C$19,739,890 | — | — | — | — |
| Total liabilities | C$32,164,521 | C$9,341,892 | C$6,943,706 | C$12,791,199 | C$19,214,561 |
| Shareholders' equity | C$12,300,162 | C$15,589,778 | C$29,883,194 | C$17,929,613 | C$46,934,939 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jul 2025 | FY Jul 2024 | FY Jul 2023 | FY Jul 2022 | FY Jul 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$28,224,640 | C$21,587,402 | C$22,340,691 | C$31,045,777 | C$50,800,547 |
| General and administrative | C$8,564,437 | C$5,282,469 | C$6,210,020 | C$6,145,785 | C$5,837,246 |
| Share-based compensation | C$3,937,761 | C$2,964,263 | C$7,321,991 | C$7,073,848 | C$5,948,691 |
| Net income (loss) | (C$39,360,546) | (C$34,268,174) | (C$5,575,399) | (C$36,242,416) | (C$74,955,164) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Jul 2025 | FY Jul 2024 | FY Jul 2023 | FY Jul 2022 | FY Jul 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$33,602,483) | (C$19,790,274) | (C$31,111,615) | (C$42,426,530) | (C$49,849,870) |
| Investing cash flow | (C$1,132,990) | C$5,486,912 | C$15,952,926 | (C$1,089,661) | (C$1,159,183) |
| Financing cash flow | C$53,000,714 | C$17,265,848 | C$9,560,901 | (C$445,278) | C$72,267,661 |
| Change in cash | C$18,218,362 | C$2,962,486 | (C$5,597,788) | (C$43,961,469) | C$23,576,974 |
| Cash at end of period | C$25,081,981 | C$6,863,619 | C$3,901,133 | C$9,498,921 | C$53,460,390 |
Troilus Mining Corp. financings
8 financings announced or closed by Troilus Mining Corp., read by Mining News Terminal, newest first.
Troilus Mining Corp. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Troilus Mining Corp. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2026-09-28 | Loan, proposed | Societe Generale | US$850M | — |
| 2026-05-05 | Loan, proposed | — | US$1.2B | — |
| 2025-11-19 | Loan, proposed | — | US$1B | — |
| 2025-05-15 | Loan, closed / funded | Auramet International, Inc | US$35M | 1% |