Thor Explorations reported Q3 revenue of US$81.7 million from its Segilola gold mine in Nigeria, with 15,515 ounces of gold poured. However, the company lowered its 2026 production guidance to 70,000-72,000 ounces due to heavy rainfall impacting operations.
Thor Explorations provided its Q3 2026 operating update, reporting gold production of 15,515 oz at the Segilola Gold Mine. Due to severe rainfall in late August, the company has revised its FY 2026 production guidance downwards to 70,000–72,000 oz from the previous 75,000–85,000 oz range.
Thor Explorations has intersected high-grade gold at depth beneath the Segilola open pit in Nigeria, including an intercept of 19.4m at 3.01 g/t Au. The company also maintained its full-year production and cost guidance following strong second-quarter results.
