Preliminary feasibility study
Search documents
Thor Explorations Ltd. (THX:CA) Discusses Preliminary Feasibility Study Results for the Douta Project in Senegal Transcript
Seeking Alpha· 2026-01-31 06:30
Core Viewpoint - The company has announced the preliminary feasibility study results for the Douta project in Senegal, highlighting its focus on gold production and development in West Africa [1][2]. Group 1: Company Overview - The company, Thor, is a West Africa-focused gold producer and developer, advancing projects in Nigeria, Senegal, and Côte d'Ivoire [2]. - The flagship project in Nigeria, the Segilola mine, has an initial open pit resource of over 0.5 million ounces grading at 4.2 grams per tonne [2]. Group 2: Operational Performance - In the previous year, the company produced just under 92,000 ounces of gold, achieving this below the cost guidance of $1,000 per ounce [3]. - For the current year, the production guidance is set between 75,000 to 85,000 ounces, with an all-in sustaining cost guidance of $1,000 to $1,200 per ounce [3].