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Thor Explorations shapes up for cash flow growth

West Africa-focused Thor Explorations beat its gold production guidance is Q3 and is shaping up to be in the top end of its 2022 expectation, while hopes are building for strong cash flow accumulation in the year ahead.

Thor Explorations shapes up for cash flow growth Thor Explorations shapes up for cash flow growth Thor Explorations shapes up for cash flow growth Thor Explorations shapes up for cash flow growth Thor Explorations shapes up for cash flow growth

On a spot basis of about US$1,700poz, CG expects free post-debt cash flow yields of about 23% in 2023.

"This has been another record quarter of production at Segilola, beating our Q3 2022 guidance by over 1500oz," Thor president and CEO Segun Lawson said, noting that it was done during the rainy