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The latest announcement is out from Tolu Minerals Limited ( (AU:TOK) ).
Tolu Minerals Limited has announced the commencement of final hot commissioning of its modular gravity gold recovery plant at the Tolukuma gold mine. This development marks a significant milestone in resuming high-grade gold and silver production, with the plant designed to support a production rate of approximately 2,000 ounces of gold per month by the end of 2025. The use of advanced geotube technology for tailings storage is expected to enhance operational efficiency and safety. The completion of this phase will enable the company to generate revenue and conduct further testing to improve processing capabilities, positioning Tolu Minerals for a stronger market presence.
More about Tolu Minerals Limited
Tolu Minerals Limited operates in the mining industry, focusing on the extraction and processing of gold and silver. The company is known for its operations at the Tolukuma gold mine in Papua New Guinea, where it employs advanced technologies for efficient mineral recovery.
YTD Price Performance: 0.61%
Average Trading Volume: 41,828
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$137.7M
Learn more about TOK stock on TipRanks’ Stock Analysis page.