Thor lowers Segilola outlook after rainfall
Segilola poured 15,515 ounces in Q3; 2026 production guidance was cut to 70,000–72,000 ounces.
Event / data period: 2026-09
Published: · Updated:
Thor Explorations issued a third-quarter operating update for its Segilola mine in Nigeria on October 14. The company reported 15,515 ounces of gold poured and sales of 19,000 ounces at an average realized price of US$4,297 an ounce, generating US$81.7 million in revenue. The plant processed 249,607 tonnes at an average grade of 2.10 g/t, with recovery of 92.8%.
Citing heavy rainfall in late August and its effect on operations, Thor reduced 2026 production guidance from 75,000–85,000 ounces to 70,000–72,000 ounces. Its all-in sustaining cost guidance remained US$1,000–US$1,200 per ounce. These are company-reported operating figures; quarterly financial results had not yet been released.
Data
Segilola Q3 2026
Company-reported quarterly gold volumes
| Gold poured | 15515 |
| Gold sold | 19000 |
Methodology
Ounce figures are reported production and sales in the issuer update; production guidance is presented separately as a forecast.
Updated:
Subjects and places
Subject proposals
- Business enterpriseSuggested
- Preserved editorial category/topic; broad candidate onlywww.newsfilecorp.com ↗
Geographic references
Only source-provided geographic references are shown. Opening an external map is optional. Optional story maps use OpenStreetMap. Opening a map sends your IP address and this site’s address to the map provider; location data remains readable as text without loading the map.
- Nigeria · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
- Explicit preserved editorial country/region; no city or national centroid inferredwww.newsfilecorp.com ↗