RE: Q120 Feb 2025 06:42
Any ideas why they reduced production estimates ?.
Thor Explorations Ltd on Monday said it met production guidance for 2024, which was reduced twice previously, and remained optimistic about the year ahead.
The Vancouver-based mining company, focused on west Africa, has set 2025 gold production guidance between 85,000 and 95,000 ounces, with an all-in sustaining cost range of USD800 to USD1000 per ounce.
This follows the revision of its 2024 guide to 90,000 ounces in August, and 85,000 in October. Initial guidance for 2024 was between 95,000 and 100,000 ounces.