IN BRIEF: Thor Explorations annual loss narrows on gold sales

Tue, 03rd May 2022 15:11

Thor Explorations Ltd - Vancouver-based mineral explorer with assets in west Africa - Narrows annual loss in 2021 as it makes a revenue. Annual pretax loss shrinks to CAD2.6 million, about GBP1.6 million, from CAD3.9 million in 2020. Revenue amounts to CAD7.8 million, made entirely through gold sales, versus nothing in 2020. Confirms full year guidance from March, aiming for 80,000 to 100,000 ounces of gold during 2022.

Current stock price: 18.10 pence, up 2.0% on Tuesday

12-month change: down 12%

By Tom Budszus; tombudszus@alliancenews.com

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