Australia's Tolu Minerals rises on securing $21.6 million debt facility for PNG gold mine

Tolu Minerals

07/09/2026 04:55

** Tolu Minerals TOK.AX rises as much as 3.9% to A$1.35, its highest level since August 13 
** Gold-silver explorer secures A$30 million ($21.59 million) debt facility from Papua New Guinea's (PNG) National Banking Corporation
** Funds to be used for remaining capital works at Tolukuma Gold Mine in PNG, including hydro plant and camp expansion
** Co says facility, together with existing cash of A$50 million at June-end, fully funds project through to first production targeted in Q1 2027
** YTD, stock up 1.1%, including session moves


($1 = 1.3893 Australian dollars)

 (Reporting by Paridhi Minda in Bengaluru)
 ((Paridhi.Minda@thomsonreuters.com;))