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Turaco Gold Ltd ( (AU:TCG) ) has shared an update.
Turaco Gold Limited has reported a significant update in its exploration and development activities at the Afema Project, with a 40% increase in its JORC Mineral Resource Estimate, now totaling 3.55 million ounces of gold. The company has also successfully raised $60 million through a placement and $4 million via a share purchase plan, indicating strong investor confidence. Additionally, Turaco has accelerated its drilling activities, aiming for further resource growth and preparing for a Preliminary Feasibility Study, expected in the first half of 2026.
The most recent analyst rating on (AU:TCG) stock is a Buy with a A$0.70 price target. To see the full list of analyst forecasts on Turaco Gold Ltd stock, see the AU:TCG Stock Forecast page.
More about Turaco Gold Ltd
Turaco Gold Limited is a company operating in the mining industry, focusing on gold exploration and development. The company is primarily engaged in advancing its Afema Project in southeastern Côte d’Ivoire, aiming to expand its mineral resources and enhance its market position.
Average Trading Volume: 1,482,844
Technical Sentiment Signal: Buy
Current Market Cap: A$483.3M
For a thorough assessment of TCG stock, go to TipRanks’ Stock Analysis page.