Thor Explorations Reports 2023 Financial Results

Thor Explorations (TSE:THX) has released an update.

Thor Explorations Ltd. reported its audited financial and operational performance for 2023, highlighting a sales volume of 73,356 ounces of gold at an average price of $1,907 per ounce, resulting in $141.2 million in revenue. The company saw a net profit of $10.8 million, down from the previous year, and reduced its senior debt from $54.0 million to $22.6 million. Operational achievements include the production of 84,609 ounces of gold and significant improvements at their Segilola Gold Mine.

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