Aurubis AG Secures Copper Concentrate Offtake from Troilus Gold
Key highlights
- Approx. 75,000 metric tonnes of copper-gold concentrate expected annually.
- Deliveries to start after Troilus Mine construction and financing completion.
- German government financing includes untied loan guarantee via KfW IPEX-Bank and Euler Hermes.
Agreement Details
Aurubis AG has signed a Memorandum of Agreement with Troilus Gold Corp. for the offtake of copper concentrate from the Troilus Project in Quebec, Canada. The agreement was formalized in Berlin during an official visit by Canadian and German officials.
Production and Delivery
The Troilus Project is expected to produce approximately 75,000 metric tonnes of copper-gold concentrate annually. Deliveries are planned to commence following the completion of the Troilus Mine construction and financing package.
Financing and Support
The financing package is anticipated to include support from the German government’s untied loan guarantee (UFK) program, structured by KfW IPEX-Bank in collaboration with Euler Hermes.
Source: Aurubis