Australia's Tolu Minerals hits 1-month high as Tolukuma resource estimate grows

Tungsten Mining NL

16/09/2026 06:27

** Shares of Australia's Tolu Minerals TOK.AX jump as much as 7.3% to A$1.395, hitting their highest level since August 11
** Stock logs biggest intraday gain since September 4
** Gold producer says mineral resource estimate increased by 81% to 909 koz of gold at the Tolukuma Gold Mine in Papua New Guinea 
** Co says the resource upgrade confirms significant growth potential, with only a fraction of the known mineralised vein system included in the current estimate
** Co adds it is moving towards return to production in early 2027
** YTD, stock up 4.6%
     

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