Financial PerformanceThor Explorations ended the quarter with a working capital deficit of US$66.4M.
Operational EfficiencyThe production shortfall is owing to lower-than-expected head grade, tonnes milled, and gold recovery.
ProductionThor Explorations reported soft production from the 100%-owned Segilola gold mine in Nigeria, pouring 19,589 oz compared with a forecast of 23,141 oz.