We were thrilled to welcome Segun Lawson, CEO of West African Gold producer Thor Explorations, to the Podcast for an in-depth look at their recent earnings release and future plans.
Thor Explorations has successfully established the first and only commercial gold mine in Nigeria and began production at the Segilola Gold Mine in the past 12 months.
Thor previously guided on 85,000-100,000 ounces of production per year and have now narrowed this to 90,000-100,000 following strong performance at the mine.
Segun outlines what investors can expect from Thor in the future, including the expansion of the Segilola mine, and how Thor are targeting shareholder value creation.
With a market cap of circa £100m and a net profit of $6m in the first half, the expansion of the mine or an uptick in gold prices could soon make shares look very good value.