(Alliance News) - Thor Explorations Ltd on Monday said it met production guidance for 2024, which was reduced twice previously, and remained optimistic about the year ahead. Read More
(Alliance News) - Thor Explorations Ltd on Monday said it expects flat full-year production after reporting strong third quarter results ahead of commission findings regarding an ongoing tax dispute in Nigeria. Read More
(Alliance News) - Thor Explorations Ltd on Wednesday reduced its full-year production forecast, as third-quarter mining volumes declined following bad weather. Read More
Thor Explorations Ltd - West Africa-focused mineral exploration company - On Monday, reacts to what it terms "false claims and allegations, reported in the press, by Special Advisers of the Osun State Government, Nigeria". Says the allegations contain "gross inaccuracies and false claims about Thor's wholly owned subsidiary, Segilola Resources Operating Ltd, regarding tax evasion and unethical business practices. Thor Explorations fully rejects all the allegations and has not been presented with any evidence by the Osun State Government to support its claims. "As reported in the local media, the allegations were formally refuted by the Country Manager of Segilola Resources Operating Ltd," company says in a statement. Read More
(Corrects that it is Thor Explorations commenting on "false claims" in the press and not Thor Energy PLC). Read More
(Alliance News) - Thor Explorations Ltd on Friday posted improved financial results in the first half of 2024, with revenue and profit on the rise, but it lowered guidance following safety concerns at its mining operation. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Thor Explorations Ltd said on Wednesday that it has completed the acquisition of two gold licences in southeastern Senegal neighbouring its wholly owned Douta gold project. Read More
Thor Explorations Ltd - Vancouver, British Columbia-based mineral exploration company - Reports gold 2023 gold production of 84,609 ounces, and 21,798 oz during the final quarter of the year, at an average grade of 2.77 grammes per tonne. Back in November, Thor Explorations reported that it expected gold production targets of around 85,000 ounces for the full-year. Looking ahead, sets 2024 production guidance range at 95,000 to 100,000 oz of gold. Chief Executive Officer Segun Lawson says: "We are also pleased with the progress made at Douta. We were encouraged by the final set of drill results received in [the fourth quarter of] 2023 and have been working on the preliminary feasibility study. The current focus has been on the metallurgy and the process flowsheet, and we expect to update the market with an updated resource estimate and, subsequently, a preliminary feasibility study in [the first quarter of] 2024." Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Thor Explorations Ltd - Vancouver, British Columbia-based mineral exploration company - Provides operational update for the Segilola gold mine in Nigeria and for the mineral exploration properties in Nigeria, Senegal and Burkina Faso for the three months to September 30. Reports Segilola gold production of 19,104 ounces at an average grade of 2.46 grammes per tonne of gold. Explains the focus of exploration activities is within a 25 kilometre radius from the Segilola operations. Continues reverse circulation drilling, stream sediment sampling and grid auger sampling at the Kola prospect, and diamond drilling at the at Aye-Ile prospect, near Segilola. At the Douta project, says pre-feasibility study workstreams are ongoing, targeting publication by the end of 2023. Read More
Thor Explorations - Vancouver, British Columbia-based mineral exploration company - Finds 23.35 grams of gold per tonne from Makosa Tail drillhole DTRC807 from the Makosa gold deposit in Senegal, part of the Douta gold project. Chief Executive Officer Segun Lawson says: "We are pleased to announce further encouraging drilling results from Thor's Douta project in Senegal. The main purpose of the drilling has been to advance the project towards development by upgrading more of the resource to indicated classification and also to commence detailed metallurgical test work that is focussed on achieving the most suitable and efficient ore treatment and extraction process." Read More
(Alliance News) - Thor Explorations Ltd on Thursday reported lower gold production in the first half of 2023, but announced growth in profit and lower operating costs. Read More
(Alliance News) - Thor Explorations Ltd on Wednesday said initial drilling results from its lithium prospects in Nigeria have returned "significant" intersections of mineralised pegmatites. Read More
(Alliance News) - Thor Explorations Ltd on Wednesday said gold production at the Segilola gold mine in Nigeria ticked down in the second quarter, while it acquired a tenure in Nigeria which covers known lithium deposits. Read More