Thor Explorations (TSE:THX) has released an update.
Thor Explorations Ltd. has reported a profitable year despite certain operational challenges, with a notable reduction in senior debt and a firm cash position. Revenue and net profit were lower compared to the previous year, but the company achieved a decrease in net debt and is well-positioned to meet its financial obligations. Operational and financial highlights include successful gold production, a pushback of the Segilola Western Wall, significant gold exploration advancements, and community-focused environmental and social projects.
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