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Turaco Gold Ltd ( (AU:TCG) ) has provided an announcement.
Turaco Gold Limited announced a significant update to its JORC Mineral Resource Estimate for the Afema Project, increasing the resource by over 40% to 3.55 million ounces of gold. This growth, achieved at a cost of less than US$8 per ounce, highlights the company’s successful exploration efforts and positions it strongly within the industry. However, the company retracted a previously stated production target due to non-compliance with ASX Listing Rules, advising investors not to rely on that information for investment decisions.
More about Turaco Gold Ltd
Turaco Gold Limited is a company operating in the gold mining industry, focusing on exploration and development projects. Its primary market focus is on the Afema Project located in southeastern Côte d’Ivoire, where it aims to expand its gold resources.
YTD Price Performance: 55.07%
Average Trading Volume: 1,500
Technical Sentiment Signal: Sell
Current Market Cap: €216.2M
Find detailed analytics on TCG stock on TipRanks’ Stock Analysis page.