|Bid||0.11 x 0|
|Ask||0.17 x 0|
|Day's Range||0.1600 - 0.1600|
|52 Week Range||0.1100 - 0.2200|
|Beta (3Y Monthly)||-0.32|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Canada-listed junior miner Thor Explorations aims to bring Nigeria's first large-scale gold mine online in early 2020, its CEO said, as the West African country seeks to diversify its economy away from oil and gas. Following the commodity price crash of 2015-16, the World Bank in April 2017 said it was providing funds to help the Nigerian government develop its neglected mining sector. Projects under way include Thor Explorations' Segilola Gold Project, located in Osun State, which CEO Segun Lawson says aims to produce gold in the first quarter of 2020 and has probable gold reserves of around 500,000 ounces.
African miner Thor Explorations will most likely choose London's junior AIM market to list its shares this year in its bid to raise up to $35 million, its chief executive said on Friday. Thor, which is already listed in Toronto's TSX Venture Exchange (TSX-V), will use the proceeds of the new listing mainly to fund its Segilola Gold Project in Nigeria. The company also has two gold projects in Senegal and Burkina Faso.