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The latest update is out from Tolu Minerals Limited ( (AU:TOK) ).
Tolu Minerals Limited has successfully raised A$27.25 million through a placement to sophisticated and institutional investors, which will be used to accelerate exploration and refurbish the Tolukuma Gold Mine infrastructure. This capital injection is expected to boost the company’s exploration strategy and enable early gold production, strengthening its position in the mining industry and benefiting stakeholders through increased operational capacity.
More about Tolu Minerals Limited
Tolu Minerals Limited is a mining company focused on gold exploration and production, primarily operating in Papua New Guinea. The company is engaged in extensive exploration programs and infrastructure development, aiming to enhance its gold production capabilities.
YTD Price Performance: 7.93%
Average Trading Volume: 69,380
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$147.7M
See more insights into TOK stock on TipRanks’ Stock Analysis page.