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Canadian developer restarting the past-producing Troilus gold-copper mine in Quebec as a larger open-pit operation.
Canadian developer restarting the past-producing Troilus gold-copper mine in Quebec as a larger open-pit operation.
No sales yet: studies and development are funded by raising outside capital. The plan is to reopen a mine in Quebec that produced gold and copper before closing, and once built it would sell concentrate to smelters at market prices.
In one line: No US peer..
Moat: none (installed base). Restarting a previously mined site cuts some exploration risk but the project is still pre-production.
Headquarters: Toronto, Canada · Employees: 65
Size Troilus Mining (TLG.TO) is a Canada Materials company (Precious Metals) with a market value of $611M, the 316th largest of 420 Canada companies the cockpit tracks. Shares closed at C$1.62 on 6 Nov 2026.
Performance Over six months the shares fell 8.0%, against +0.5% for the median peer and +5.2% for the Canada market (cap-weighted) — 9th lowest of 20 in its peer set.
Valuation It trades at 7.28× book value against a peer median of 2.94× (3rd most expensive of 21).
Price implies The share price implies a return on equity of about 110.2%; Troilus Mining delivers -121.9%, so the price asks more than the business earns today.
Next results Next results expected around 3 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | C$0 | C$0 | C$0 | C$0 | C$0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | -C$2.10M | -C$1.49M | -C$1.35M | -C$1.51M | -C$1.64M |
| EBITDA | -C$91.3M | -C$92.0M | -C$39.4M | -C$28.8M | -C$33.7M |
| Net income | -C$82.7M | -C$82.7M | -C$39.4M | -C$34.3M | -C$5.58M |
| Free cash flow | -C$74.4M | -C$74.4M | -C$34.6M | -C$20.2M | -C$31.7M |
| Capital expenditure | C$1.21M | C$1.21M | C$1.04M | C$392,723 | C$590,254 |
| Total debt | C$1.54M | C$1.54M | C$21.4M | C$1.02M | C$1.07M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Troilus Mining TLG.TO | $611M | -8% | n/a | -122% | 7.28× | 110.2% |
| Osisko Gold OGG.V | $814M | -18% | +805% | 8% | 0.99× | 13.4% |
| First Mining Gold FF.TO | $670M | +33% | n/a | -33% | 4.14× | 30.4% |
| IAMGOLD IMG.TO | $10.8B | +6% | +83% | 29% | 2.43× | 32.9% |
| Wesdome Gold Mines WDO.TO | $2.92B | +6% | +49% | 47% | 4.03× | 21.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TLG.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.5% | -8.4% | 11th highest of 21 |
| 6-month return | -8.0% | +0.5% | 9th lowest of 20 |
| Return on equity | -121.9% | -11.9% | 2nd lowest of 21 |
| Price / book | 7.28× | 2.94× | 3rd most expensive of 21 |
| ROE the price implies | 110.2% | 21.1% | 2nd most demanding of 21 |
| ROE delivered | -121.9% | -11.9% | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Troilus Mining TLG.TO | Canada | $611M | -8% | n/a | -122% | 7.28× | 110.2% | -121.9% |
| Metals Exploration MTL.L | United Kingdom | $617M | +17% | -17% | 14% | 2.12× | 17.8% | 13.5% |
| St. Barbara SBM.AX | Australia | $629M | +5% | -76% | -4% | 0.96× | 14.2% | -4.3% |
| Anglo Asian Mining AAZ.L | United Kingdom | $590M | +30% | +220% | 58% | 4.42× | 39.4% | 58.0% |
| Galiano Gold GAU.TO | Canada | $653M | +2% | +91% | 26% | 2.03× | 21.2% | 26.0% |
| Amaroq AMRQ.L | United Kingdom | $657M | 0% | +2,134% | 2% | 3.10× | 22.7% | 1.8% |
| New Found Gold NFGC.TO | Canada | $662M | -16% | n/a | -19% | 1.82× | 19.2% | -19.4% |
| Gold Reserve GRZ.V | Canada | $560M | -19% | n/a | -41% | 4.59× | 12.9% | -41.5% |
| First Mining Gold FF.TO | Canada | $670M | +33% | n/a | -33% | 4.14× | 30.4% | -32.5% |
| Andean Precious Metals APM.TO | Canada | $555M | -20% | +63% | 49% | 1.84× | 21.4% | 49.2% |
| Banyan Gold BYN.V | Canada | $554M | +18% | n/a | -5% | 5.50× | 64.9% | -4.8% |
| Forrestania Resources FRS.AX | Australia | $547M | -33% | n/a | -23% | 1.63× | 16.6% | -23.2% |
| Goldsky Resources GSKR.V | Canada | $543M | -28% | n/a | -22% | 1.75× | 15.8% | -21.8% |
| Brightstar Resources BTR.AX | Australia | $542M | +68% | +91% | -30% | 1.81× | 16.9% | -29.6% |
| IperionX IPX | United States | $540M | -66% | n/a | -74% | 5.42× | 64.6% | -74.1% |
| Turaco Gold TCG.AX | Australia | $540M | +29% | n/a | -31% | 8.06× | 112.3% | -31.4% |
| Tungsten West TUN.L | United Kingdom | $694M | -18% | n/a | -608% | 8.26× | 86.4% | -607.6% |
| WIA Gold WIA.AX | Australia | $533M | -22% | n/a | -4% | 3.99× | 17.1% | -3.9% |
| Rox Resources RXL.AX | Australia | $532M | +13% | n/a | -19% | 2.77× | 12.8% | -19.0% |
| Santacruz Silver Mining SCZ.TO | Canada | $707M | n/a | +38% | 22% | 3.28× | 53.5% | 22.1% |
| Griffin Mining GFM.L | United Kingdom | $711M | -4% | +29% | 12% | 2.42× | 21.0% | 12.0% |