Thor Explorations Ltd (“Thor”, “THX”) announced Q3’21 financial and operating results. The period included first gold poured at the Segilola gold mine, with construction nearing completion. Delays in plant commissioning and supply chain issues have dampened output, with 4,570koz gold produced post-period and guidance of 30-35koz pulled (to be updated in due course). However, these issues are now largely resolved and the company’s balance sheet is healthy, positioning Thor for a strong FY22 with ....
30 Nov 2021
Thor Explorations: Segilola ramp up back on track after teething issues; cut in guidance likely to have limited impact
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Thor Explorations: Segilola ramp up back on track after teething issues; cut in guidance likely to have limited impact
Thor Explorations Ltd. (THX:LON) | 13.5 0.1 3.8% | Mkt Cap: 88.6m
- Published:
30 Nov 2021 -
Author:
Roger Bell -
Pages:
6
Thor Explorations Ltd (“Thor”, “THX”) announced Q3’21 financial and operating results. The period included first gold poured at the Segilola gold mine, with construction nearing completion. Delays in plant commissioning and supply chain issues have dampened output, with 4,570koz gold produced post-period and guidance of 30-35koz pulled (to be updated in due course). However, these issues are now largely resolved and the company’s balance sheet is healthy, positioning Thor for a strong FY22 with ....