Thor Explorations Cuts 2026 Gold Output Guidance After Heavy Rainfall
Thor reported Q3 revenue of US$81.3 million and net profit of US$47.3 million. It cut 2026 production guidance to 70,000–72,000 ounces from 75,000–85,000 ounces, citing severe late-August rainfall that hindered mining. AISC guidance remains US$1,000–1,200 per ounce.
Thor Explorations Ltd. reported revenue of US$81.3 million and a net profit of US$47.3 million for the third quarter ended September 30, 2026. The company revised its 2026 production guidance downward to 70,000—72,000 ounces of gold, compared to the previous range of 75,000—85,000 ounces, citing severe rainfall in late August that hindered mining operations. Despite the production adjustment, the company maintained its all-in sustaining cost (AISC) guidance at US$1,000—1,200 per ounce.
The company also noted that it processed 249,607 tonnes of ore at the Segilola Gold Mine with a 92.8% recovery rate during the period.