Thor Explorations profits rebound with the gold price
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Thor Explorations Ltd reported a significant increase in profits for the latest quarter, driven by record gold prices. Revenues rose to $40.2 million, with EBITDA reaching $27.4 million.
November 11, 2024 | 8:30 am
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Thor Explorations Ltd's profits surged in the latest quarter due to record gold prices, with revenues increasing to $40.2 million and EBITDA reaching $27.4 million.
The significant increase in profits and revenues for Thor Explorations Ltd is directly attributed to the record gold prices, which is a positive indicator for the company's financial health and could lead to a short-term increase in stock price.
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