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.
Looking ahead, Thor expects gold output for the third quarter to be between 23,000 ounces and 25,000 ounces, while for 2002 as a whole, guidance range has been narrowed to 85,000 ounces to 10,000 ounces.
"We remain very pleased by the company's operational performance, which continues to improve in all areas month on month," said Chief Executive Officer Segun Lawson.
Current stock price: 14.70 pence, down 3.6% on Friday
12-month change: down 28%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Thor Explor (THX)