Thor Explorations (TSE:THX) has released an update.
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Thor Explorations Ltd. reported strong financial growth in Q2 2024, with a 30% increase in revenue and a net profit surge of 91% compared to Q2 2023, as a result of higher gold sales at improved prices. The company also successfully reduced its senior debt and is on track to fully repay it by the end of the year. Operational achievements include the completion of a plant upgrade, leading to the highest gold recovery rate and ounces poured in the last five quarters.
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