Thor Explorations’ Soaring Profits and Sales

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

Thor Explorations Ltd. reported a strong financial and operational performance for the first half of 2024, with significant increases in revenue and net profit compared to the previous year, partly due to higher gold prices. The company announced a total gold sale of 23,588 ounces at an average price of $2,309 per ounce for Q2 2024, along with a reduction in all-in sustaining costs. Additionally, Thor Explorations made progress with its exploration projects and debt repayment, with an optimistic outlook for the remainder of the year.

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