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Thor Explorations finds its Douta Gold Project in Senegal economically promising, with high returns and first production set for 2028.
Thor Explorations reports positive results from a pre-feasibility study for its Douta Gold Project in Senegal, showing strong economic potential with a pre-tax NPV of $908 million and an IRR of 73% based on a $3,500/ounce gold price.
The project, which features a $254 million capital cost and 12.6-year life, is expected to produce 1.0 million ounces of gold, with first production targeted for early 2028.
The company has secured environmental approval, finalized a deal to acquire its joint venture partner’s stake, and is advancing toward finalizing the Mining Convention and detailed design.
Ongoing exploration continues to expand the resource.
Thor Explorations considera que su proyecto de oro Douta en Senegal es económicamente prometedor, con altos rendimientos y una primera producción prevista para 2028.