Troilus Gold, awaiting debt/royalty funding package

50/50 JV with Alamos Gold in center of property holdings

The following comparisons are indicative in nature, it’s impossible to provide more than a rough approximation of what Troilus Gold’s project is truly worth. Still, this valuation exercise is instructive as it demonstrates a healthy margin for error.

The world-class Cote mine in Ontario makes Iamgold’s 70% interest worth half of its entire enterprise value. Adjusting that 70% interest to 100% yields a valuation of $4.9B. The average of those mines is $8.0B.

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