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Tolu Minerals (TOK) investor relations material
Tolu Minerals H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Loss after tax for the half-year ended 30 June 2026 was $9.09 million, a 35% increase year-over-year, reflecting expanded workforce and exploration for the Tolukuma Gold Mine restart and full-period depreciation on new mining equipment.
Principal activities included refurbishment of the Tolukuma Gold Mine, infrastructure upgrades, and near-mine and regional exploration.
No revenue from ordinary activities was reported for the period.
Financial highlights
Net loss after tax: $9,085,243 (up from $6,727,410 year-over-year).
Cash reserves at 30 June 2026: $50,009,414.
Net cash used in operating activities: $4,246,097; investing activities: $23,400,148; financing activities provided $26,498,285.
Net tangible asset backing per ordinary security: 49.30 cents (up from 44.44 cents at 31 Dec 2025).
Outlook and guidance
Focus remains on reducing cost base, initiating early gold production, growing resources, and returning Tolukuma Gold Mine to nameplate capacity.
ESG reporting framework and baseline to be developed during 2026.
- Record drilling, strong cash, and new gold discoveries drive progress toward 2027 production.TOK
Q4 2026 TU - Production restart at Tolukuma Gold Mine is on track for December 2024 after major upgrades.TOK
Company Presentation - High-grade discoveries and aggressive drilling drive rapid growth and exploration upside.TOK
AGM 2026 presentation - Raised A$87M+ in 2025, advancing Tolukuma Gold Mine restart despite a net loss.TOK
H2 2025 - Raised AU$35.5M, advanced Tolukuma Gold Mine refurbishment, and expanded exploration portfolio.TOK
H2 2024 - Gold production restarted, exploration expanded, and cash reserves declined to $5.7M.TOK
Q1 2025 TU - Net loss increased to $6.73 million as cash reserves rose to $21.56 million after a major equity raise.TOK
H1 2025 - Major capital raise and CEO transition support Tolukuma Gold Mine restart and exploration.TOK
Q3 2025 TU - Major infrastructure, exploration, and financing advances position for growth amid strong gold prices.TOK
Q2 2025 TU
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