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Tolu Minerals Limited ( (AU:TOK) ) has provided an announcement.
Tolu Minerals Limited has announced significant progress at the Tolukuma mine site, highlighting advancements in both production and exploration activities. The company is rapidly moving toward initial production with the commissioning of a modular gravity production circuit and completed important installations and refurbishments on-site. The addition of geologist Chris Muller aims to bolster the exploration capabilities, as the company gears up for a substantial exploration program. The company has also successfully raised $26.7 million from institutional investors, strengthening its financial position to support ongoing operations and strategic plans.
More about Tolu Minerals Limited
Tolu Minerals Limited operates in the mining industry, focusing primarily on gold and silver. The company has a strong market focus on the Tolukuma mine in Papua New Guinea and holds significant exploration licenses in the region.
YTD Price Performance: 5.49%
Average Trading Volume: 92,214
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$148.5M
For a thorough assessment of TOK stock, go to TipRanks’ Stock Analysis page.
