Thor Explorations reports lower-than-planned Q1 gold production, reiterates 2023 guidance ThorExplorations
- Thor Explorations announced on Monday that in Q1 2023, its Segilola gold mine in Nigeria produced 20,629 ounces of gold .
Importantly, Thor added that its FY 2023 production guidance range remains at 85,000 to 95,000 oz of gold weighted towards the second half of the year. President and CEO Segun Lawson stated, “I am pleased to report another quarter of solid production at Segilola for Q1 2023. The planned west wall push-back is progressing and we are well positioned for an increase in gold production following its completion late in Q2 2023 as the mine head grade improves over the next 3-6 months.
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