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THXPF / Thor Explorations maintains guidance after battling through first quarter

Thor Explorations maintains guidance after battling through first quarter
Thor Exploration has maintained its production guidance for the current year at between 85-90,000oz gold weighted toward the second half despite what it says was a challenging first quarter Sustaining costs will also be in the guidance range of between US$1,150 to US$1,350 per oz, it added, even though grades in the first three months dipped and there were difficult mining conditions in the Segilola Pit west wall. Sales in the first three months totalled 21,533oz at an average of US$1,902 an oz, generating revenue of US$40.3mln and a net profit of US$4.3mln. Read More
Posted: May 30 2023, 06:21
Author Name: Proactive Investors
Views: 111613

THXPF News  

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