Troilus Gold Corp Enhances Governance with New Auditor
Troilus Gold Corp Changes Auditor to Deloitte LLP
Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FSE: CM5R) has made a significant decision regarding its auditing processes by appointing Deloitte LLP as its new auditor as of October 21. This change marks a new chapter in the company's commitment to transparent and effective financial oversight.
Understanding the Change
The transition from McGovern Hurley LLP to Deloitte LLP was not made lightly. The appointment was approved by the Board of Directors, ensuring a thorough review and decision-making process. Notably, there were no reservations in the audit reports issued by the former auditor during its tenure, indicating sound practices and a clean slate as Troilus moves forward.
Appreciation for Former Auditor
Troilus Gold appreciates the contributions of McGovern Hurley LLP over the years. Their expertise and professionalism played a vital role in managing the Company's audit effectively, allowing for seamless operations and compliance with financial regulations.
Compliance with Regulatory Standards
In alignment with Canadian regulatory requirements, Troilus has duly filed a Notice of Change of Auditor along with the necessary correspondence from both the outgoing and incoming auditors as mandated by National Instrument 51-102. This procedure demonstrates the company's commitment to adhering to high standards of accountability and transparency in its financial dealings.
About Troilus Gold Corp.
Troilus Gold Corp. is a notable development-stage mining firm in Canada, focusing on unlocking the potential of the historic Troilus Mine, known for its gold and copper resources. Situated in a premier mining jurisdiction, Quebec, the company has carved out a substantial land position covering 435 km² within the Frôtet-Evans Greenstone Belt.
Advancements Towards Production
Excitingly, Troilus has made significant strides in planning a large-scale open-pit mining operation projected to last 22 years, with an initial capacity of 50,000 tonnes per day. A Feasibility Study completed recently underscores Troilus' position as a pivotal project within the North American mining landscape, poised for growth and development.
Contact Information
If you need more details about the recent auditor change or are interested in the company's latest updates, please reach out to:
Caroline Arsenault
VP Corporate Communications
+1 (647) 276-0050
info@troilusgold.com
Frequently Asked Questions
Why did Troilus Gold change its auditor?
The change was made to enhance the governance and oversight of the company's financial processes, with Deloitte LLP appointed as the new auditor.
Who is the new auditor for Troilus Gold?
Deloitte LLP has been appointed as the new auditor, taking over from McGovern Hurley LLP.
What is the significance of the new audit appointment?
The appointment of a new auditor reflects Troilus Gold's commitment to strong corporate governance and compliance with financial regulations.
Where is Troilus Gold Corp. located?
Troilus Gold has its operations based in Quebec, Canada, specifically within the Frôtet-Evans Greenstone Belt.
What are Troilus Gold's future plans?
The company is advancing towards production with plans for a large-scale mining operation projected to last 22 years, focusing on its gold and copper resources.
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