Tocvan's Gran Pilar Leach Tests Hit 82% Gold Recovery, Boosting Pilot Outlook
TCVNF has more than doubled off its 52-week low of $0.196 on light trading volume (0.1× avg).
Summary
Tocvan reported final closed-circuit column leach results from Gran Pilar showing 75.4-82.3% gold and 49.1-58.0% silver extraction over 77 days. The finer 3/8-inch crush delivered the best recoveries, and agglomeration was unnecessary, reducing cyanide use. These results beat the 2023 bulk test (62% Au) and support the 50,000-tonne pilot targeting first production in Q4 2026. The company also started additional metallurgical work at the request of major buyers, signaling commercial interest. This is a material technical de-risking event for a near-term producer.
At the time of this announcement, TCVNF was trading at $0.55 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $43.2M. The 52-week trading range was $0.20 to $0.92. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.