Thor Explorations Shines with Strong Q3 and Expansion

Thor Explorations (TSE:THX) has released an update.

Thor Explorations reported a strong financial performance for Q3 2024, with a net profit of $17.5 million and a transition to a net cash position. Despite operational challenges at its Segilola Gold Mine, including severe weather and a fly-rock incident, the company sold 18,167 ounces of gold at an average price of $2,328 per ounce. Thor also expanded its exploration activities, notably entering Cote d’Ivoire with new project acquisitions, aiming to enhance its portfolio and deliver further value.

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