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An announcement from Turaco Gold Ltd ( (AU:TCG) ) is now available.
Turaco Gold Ltd has made significant progress in its exploration activities at the Afema Project, with notable discoveries at the Niamienlessa SW, Affienou, and Baffia prospects. These discoveries, along with high-grade results from the Jonction deposit, underscore the project’s potential for substantial mineral resource growth. The company’s maiden JORC-compliant Mineral Resource Estimate totals 2.52 million ounces of gold, with expectations for further increases. Turaco has also raised $35 million to bolster its exploration efforts and has increased its stake in the Afema Project to 80%, positioning itself strongly for continued growth and development in the region.
More about Turaco Gold Ltd
Turaco Gold Ltd is a mining company operating in the precious metals industry, focusing primarily on gold exploration and development. The company’s key project is the Afema Project in southern Côte d’Ivoire, where it is actively involved in exploration activities to expand its gold resource base.
YTD Price Performance: 20.0%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €163.3M
See more insights into TCG stock on TipRanks’ Stock Analysis page.
