Troilus bought back a 2.5% royalty from First Quantum in September 2020 for $20 million, which was unpopular with shareholders at the time but is now seen as one of the best strategic decisions because it preserved upside and avoided encumbering the asset with royalty payments.

factualpending

Speaker

Justin Reed

Evidence Quote

Bought back 2.5% royalty for $20M in 2020; preserves upside despite initial shareholder criticism

Source

Michael Howell on The Issue With Gold & Silver Stocks + Troilus Gold & Capitan Silver CEO InterviewsResource Talks
Created: 8/11/2026, 1:30:21 AM

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