In a June 1 research note, Laurentian Bank Securities analyst Jacques Wortman reported that Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQX) appointed Richard Harrisson to its newly created chief operating officer (COO) position.
"As Troilus project development continues to advance through the prefeasibility and feasibility study phases, the appointment of a new COO is timely and will assist with the detailed engineering and pre-development work required," Wortman commented.
As Troilus Gold's COO, Wortman indicated, Harrisson will be responsible for all Quebec operations, including meeting key engineering milestones. Those include a prefeasibility study, expected in Q4/21, and a subsequent feasibility study, expected in 2022. Also, "he will oversee environmental, permitting and First Nation consultations as well as day-to-day activities and site logistics," Wortman wrote. Harrisson will report directly to CEO Justin Reid.
Wortman described Harrisson's credentials. His mining industry experience spans more than 20 years and is primarily in operations and mine engineering and construction. Most recently, Harrisson was a director of project evaluations at Canadian Malartic. Prior to that, he worked in the areas of mine design, construction, permitting and operations for various mining companies, including Agnico, Premier Gold, Xstrata, Cambior and Aur Resources. Harrisson holds a bachelor's degree from Quebec's Université Laval in mining and mineral engineering.
"We are encouraged that an executive of the caliber of Mr. Harrisson has taken this key role and see this as important project sponsorship," Wortman wrote.
Laurentian has a Buy recommendation and a target price of CA$3.45 per share on Troilus Gold, the current share price of which is about CA$1.18.
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Disclosures from Laurentian Bank Securities, Troilus Gold Corp., June 1, 2021
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