|
Thor Explorations Ltd - Vancouver, Canada-based gold miner targeting Senegal, Nigeria and Cote d’Ivoire - Reports 1.1 million tonnes of material mined in the second quarter of 2026, down from 2.8 million tonnes the previous year. Waste mined falls to 644,942 from 2.5 million tonnes, but ore mined increases to 489,704 tonnes from 242,461 tonnes. Gold recovered increases to 18,570 ounces from 18,496 ounces, but gold poured decreases to 19,153 ounces from 20,110 ounces. Company says its main priority is extending the current mine life of the Segilola project in Nigeria, with exploration comprising over 10,000 metres of drilling. It expects to release the results in the third quarter. Thor also says exploration work continued on the Guitry and Marahui projects in the Cote d’Ivoire, and it expects to release drilling results during the upcoming quarter. And at the Douta project in Senegal, it is targeting an updated mineral resource estimate by the end of this year. ‘We are pleased to have delivered another solid quarter, continuing our momentum from the previous quarter...we have been extremely active with drilling and regional exploration activities across the group’s entire portfolio, whilst also advancing the Douta Project towards final investment decision,’ comments Chief Executive Segun Lawson. Current stock price: 57.40 pence, up 2.5% on Thursday in London 12-month change: up 37% Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
