# Thor lowers Segilola outlook after rainfall

> Segilola poured 15,515 ounces in Q3; 2026 production guidance was cut to 70,000–72,000 ounces.

- Canonical URL: https://newsverum.com/en/news/thor-segilola-q3-production-guidance-revised-2026
- Publisher: Newsverum
- Section: Business
- Country: Nigeria
- Published: 2026-10-15T18:13:44+00:00
- Updated: 2026-10-15T18:13:44+00:00
- Event / data period: 2026-09
- Other editions: [Türkçe](https://newsverum.com/tr/news/thor-segilola-q3-production-guidance-revised-2026.md), [العربية](https://newsverum.com/ar/news/thor-segilola-q3-production-guidance-revised-2026.md), [Français](https://newsverum.com/fr/news/thor-segilola-q3-production-guidance-revised-2026.md), [Español](https://newsverum.com/es/news/thor-segilola-q3-production-guidance-revised-2026.md), [Deutsch](https://newsverum.com/de/news/thor-segilola-q3-production-guidance-revised-2026.md), [Português](https://newsverum.com/pt/news/thor-segilola-q3-production-guidance-revised-2026.md)

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

Methodology: Ounce figures are reported production and sales in the issuer update; production guidance is presented separately as a forecast.

| Measure | Gold (troy ounces) |
|---|---|
| Gold poured | 15515 |
| Gold sold | 19000 |

Sources: <https://www.newsfilecorp.com/release/318859/Thor-Explorations-Announces-Q3-2026-Operating-Update> · Download data: [JSON](https://newsverum.com/api/v1/articles/thor-segilola-q3-production-guidance-revised-2026/data/thor-segilola-q3-production-gu-data?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/thor-segilola-q3-production-guidance-revised-2026/data/thor-segilola-q3-production-gu-data?lang=en&format=csv)

## Sources

- [Thor Explorations Ltd. (Newsfile Corp.)](<https://www.newsfilecorp.com/release/318859/Thor-Explorations-Announces-Q3-2026-Operating-Update>) (Source checked: 2026-10-15; Published: 2026-10-14)

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