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An announcement from Tolu Minerals Limited ( (AU:TOK) ) is now available.
Tolu Minerals Limited has successfully produced its first gold through the commissioning of its modular gravity recovery plant at the Tolukuma Gold Mine, marking a significant milestone in its operations. The plant, developed in collaboration with Appropriate Process Technologies, is nearing the completion of its commissioning and testing phase, with formal production and revenue generation set to commence soon. This development comes at a time of strong gold prices, providing a favorable market environment for Tolu. The company is optimistic about the plant’s potential to improve processing efficiency and reduce costs, which is expected to positively impact its revenue and operational capabilities.
More about Tolu Minerals Limited
Tolu Minerals Limited operates in the mining industry, focusing on the production of high-grade gold and silver. The company is involved in the commissioning of a modular gravity recovery plant at the Tolukuma Gold Mine, which is designed to enhance gold and silver recovery while reducing operating costs.
YTD Price Performance: 14.02%
Average Trading Volume: 64,630
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$156.1M
Find detailed analytics on TOK stock on TipRanks’ Stock Analysis page.