Thor Explorations reports lower-than-expected gold production in Nigeria in third quarter

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Thor Explorations reports lower-than-expected gold production in Nigeria in third quarter
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A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.

- Thor Explorations announced on Tuesday that in Q3 2023, its Segilola gold mine in Nigeria produced 19,104 ounces of gold .

“The density of exploration drilling in this area of the ore body was at the lower end for reserve classification and this under reconciliation is not expected to continue,” it added. President and CEO Segun Lawson commented,"As I commented in our H1 financial and operating results announcement, we had anticipated that the mine grade would be lower in the period, and this has resulted in recovered gold being at the low end of expectation for the period.

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