Gold futures at record high of Rs 28,583

In May, the company produced a feasibility study that demonstrated the potential for Troilus to be amongst the largest gold producers in Canada.

BQE's scope includes recommendations for updates to the existing water management infrastructure.

The Japanese company is considering buying a roughly 20% interest in the Sentinel and Kansanshi mines.

Nippon is looking to close its $14.9 billion deal for US Steel by the end of the year.