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Pin to quick picksThor Explor Share News (THX)

Share Price Information for Thor Explor (THX)

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Share Price: 16.25
Bid: 16.00
Ask: 16.50
Change: 0.75 (4.84%)
Spread: 0.50 (3.125%)
Open: 15.50
High: 16.75
Low: 15.50
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IN BRIEF: Thor Explorations meets full-year gold production targets

Mon, 15th Jan 2024 14:22

Thor Explorations Ltd - Vancouver, British Columbia-based mineral exploration company - Reports gold 2023 gold production of 84,609 ounces, and 21,798 oz during the final quarter of the year, at an average grade of 2.77 grammes per tonne. Back in November, Thor Explorations reported that it expected gold production targets of around 85,000 ounces for the full-year. Looking ahead, sets 2024 production guidance range at 95,000 to 100,000 oz of gold. Chief Executive Officer Segun Lawson says: "We are also pleased with the progress made at Douta. We were encouraged by the final set of drill results received in [the fourth quarter of] 2023 and have been working on the preliminary feasibility study. The current focus has been on the metallurgy and the process flowsheet, and we expect to update the market with an updated resource estimate and, subsequently, a preliminary feasibility study in [the first quarter of] 2024."

Current stock price: 14.18 pence, up 5.8%

12-month change: down 18%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
17 Apr 2023 14:42

IN BRIEF: Thor Explorations backs annual gold production guidance

Thor Explorations Ltd - mineral exploration company focused on developing assets in Nigeria, Senegal and Burkina Faso - For the three months ended on March 31, gold production at Segilola Production totals 20,629 ounces, at an average grade of 2.95 grammes per tonne. Looking ahead, for 2023, production guidance range remains at 85,000 to 95,000 ounces of gold, weighted towards the second half of the year. Identifies new high grade quartz vein system within 15 kilometres of Segilola Near-Mine exploration with multiple high grade drillhole intercepts. Says drilling is ongoing at Douta with a further 40,000 metre drilling programme to be completed in 2023.

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20 Mar 2023 10:27

Thor Explorations mineral resource estimate in Senegal doubles

(Alliance News) - Thor Explorations Ltd on Monday announced an improved mineral resource estimate for its Douta gold project in Senegal.

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27 Feb 2023 16:43

Thor Explorations finds high-grade gold intersects at Nigeria mine

(Alliance News) - Thor Explorations Ltd on Monday said initial drilling results from a reconnaissance programme found high-grade gold intersects near the Segilola mine in Nigeria.

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3 Feb 2023 16:30

TRADING UPDATES: Altona extends repayment; Kefi advances Saudi Arabia

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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11 Jan 2023 09:30

CORRECT: Getech signs deal; AfriTin confirms name change

(Corrects that Zenith Energy is based in Canada, not in Scotland.)

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10 Jan 2023 21:34

TRADING UPDATES: Getech signs deal; AfriTin confirms name change

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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20 Dec 2022 16:11

TRADING UPDATES: Predator buys majority in Cory Moruga; Thor tips gold

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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9 Dec 2022 15:43

UK shareholder meetings calendar - next 7 days

Monday 12 December 
Devolver Digital IncSGM re 2022 Long-Term Incentive Plan approval
Marwyn Value Investors LtdAGM
Osirium Technologies PLCGM re placing agreement with Allenby Capital
PCF Group PLCGM re proposed cancellation of trading on AIM
Tuesday 13 December 
Amedeo Air Four Plus LtdAGM
Avation PLCAGM
Blancco Technology Group PLCAGM
JD Sports Fashion PLCGM re remuneration policy
Macau Property Opportunities Fund LtdAGM
Softcat PLCAGM
Spectris PLCGM re remuneration policy
Wednesday 14 December 
Fidelity Special Values PLCAGM
Kistos PLCGM re new non-operational entity
Parsley Box Group PLCGM re proposal to become a private limited company
TP Group PLCGM re cash acquisition
Volution Group PLCAGM
Westpac Banking CorpAGM
Thursday 15 December 
Aeorema Communications PLCAGM
Argos Resources LtdAGM
Baillie Gifford Japan Trust PLCAGM
Capricorn Energy PLCGM re proposed share premium account cancellation
Chelverton Growth Trust PLCAGM
CQS Natural Resources Growth & Income PLCAGM
DX Group PLCAGM
DXS International PLCAGM
Glenveagh Properties PLCEGM
Secured Income Fund PLCGM re proposed reduction of capital
Schroder Income Growth Fund PLCAGM
Friday 16 December 
Bellway PLCAGM
Inchcape PLCGM re Derco acquisition
JPMorgan Global Growth & Income PLCGM re proposed combination with JPMorgan Elect PLC
National Australia Bank LtdAGM
Sareum Holdings PLCAGM
Thor Explorations LtdAGM
UP Global Sourcing Holdings PLCAGM
  
Copyright 2022 Alliance News Ltd. All Rights Reserved.

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30 Nov 2022 20:46

TRADING UPDATES: Scholium profit grows; Honye Financial loss narrows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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16 Nov 2022 21:36

TRADING UPDATES: Aterian appoints CFO; Marwyn Value gets tax refund

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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12 Sep 2022 13:42

CORRECT: Thor Explorations hails drilling results at Douta project

(Correcting company name is Thor Explorations Ltd, not Thor Mining, and company description.)

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12 Sep 2022 10:23

Thor Mining shares lifted by drilling results at Douta Gold project

(Alliance News) - Thor Mining Ltd shares rose on Monday, after it revealed "encouraging" drilling results at the Douta Gold project.

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30 Aug 2022 16:13

TRADING UPDATES: Thor Explorations, Zenith Energy post swing to profit

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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8 Jul 2022 17:43

IN BRIEF: Thor Explorations gold production rises in second quarter

Thor Explorations Ltd - Vancouver-based mineral explorer with assets in west Africa - For the second quarter of 2022, produces 23,785 ounces of gold, compared to 21,343 ounces the quarter before, while also commissioning several compressed natural gas generators.

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6 Jun 2022 13:55

Director dealings: Nine Pure Gold board members buy shares

(Sharecast News) - Pure Gold Mining had a number of entries on the list of buys on Monday, after it disclosed purchases made by nine of its directors.

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