Thor Explorations (TSE:THX) has released an update.
Thor Explorations reported a strong financial performance for Q3 2024, with a net profit of $17.5 million and a transition to a net cash position. Despite operational challenges at its Segilola Gold Mine, including severe weather and a fly-rock incident, the company sold 18,167 ounces of gold at an average price of $2,328 per ounce. Thor also expanded its exploration activities, notably entering Cote d’Ivoire with new project acquisitions, aiming to enhance its portfolio and deliver further value.
For further insights into TSE:THX stock, check out TipRanks’ Stock Analysis page.
