Despite an increase in cash costs in Q3 as production rates temporarily dipped on lower-than-expected grades, Thor remains on course to meet our 2023 full-year estimates. And with mining conditions and flexibility now improved and process plant upgrades set to be phased in over the next few months, we look forward to a material increase in production rates and profit margin next year, in line with the mine plan. With 2024 also set to be a big year for exploration, upcoming catalysts look plentif ....
27 Nov 2023
Q3 results: on course to hit full-year targets
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Q3 results: on course to hit full-year targets
Thor Explorations Ltd. (THX:LON) | 15.2 0 0.0% | Mkt Cap: 100.0m
- Published:
27 Nov 2023 -
Author:
Nick Chalmers -
Pages:
4
Despite an increase in cash costs in Q3 as production rates temporarily dipped on lower-than-expected grades, Thor remains on course to meet our 2023 full-year estimates. And with mining conditions and flexibility now improved and process plant upgrades set to be phased in over the next few months, we look forward to a material increase in production rates and profit margin next year, in line with the mine plan. With 2024 also set to be a big year for exploration, upcoming catalysts look plentif ....