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Thor Explorations ( (TSE:THX) ) has issued an update.
Thor Explorations announced strong gold production results for Q4 2024 with 24,662 ounces poured, contributing to a total of 85,057 ounces for the year. With the full repayment of its senior debt facility, the company is in a strong financial position moving into 2025. The company has set a gold production guidance of 85,000 to 95,000 ounces for 2025 and is advancing its exploration projects in Nigeria, Senegal, and Cote D’Ivoire, including finalizing the Preliminary Feasibility Study for the Douta Project. These developments are expected to enhance Thor’s operational efficiency and strengthen its market position.
More about Thor Explorations
Thor Explorations Ltd. is a Canadian mineral exploration company focused on acquiring, exploring, and developing mineral properties in Nigeria, Senegal, and Burkina Faso. The company holds a 100% interest in the Segilola Gold Project in Nigeria and a 70% interest in the Douta Gold Project in Senegal, with a primary focus on gold production.
YTD Price Performance: 3.23%
Average Trading Volume: 214,283
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$210M
For detailed information about THX stock, go to TipRanks’ Stock Analysis page.
