The Gold of the African Continent: China's Investment in Nigeria's Segilola Gold Mine 12% Increase in Production in Q3 2025
¬ Segilola's gold production in Q3 2025 reached 22,617 ounces, an increase of 12% compared to the same period last year.
¬ The production so far this year has reached 68,191 ounces, consistent with Thor Explorations' 2025 target of 85,000-95,000 ounces.
¬ Segun Lawson, CEO of Thor Company, stated that the mine is still expected to meet its 2025 production and cost targets.
Thor Explorations Ltd. released its latest operational report stating that gold production at the Segilola Gold Mine in Nigeria increased by 12% in the third quarter of 2025, reaching 22,617 ounces. This data represents a significant increase from the 20,110 ounces recorded during the same period last year, and the report was officially released on October 14.
The Segilola Gold Mine is the only industrial-scale gold mine currently operating in Nigeria, with steady and consistent production that fully aligns with Thor's annual plan. As of 2025, the mine's cumulative output has reached 68,191 ounces, showing a significant increase from the 45,574 ounces produced in the first half of the year.
Thor Explorations said that the latest performance supports its annual production guidance for 2025 of 85,000 to 95,000 ounces. The upper limit of this range will exceed the 85,057 ounces achieved in 2024.
"I am pleased to report another strong quarter of operations," said Segun Lawson, President and CEO of Thor. "We remain firmly on track to achieve our 2025 production and cost targets."
Source: ecofinagency
Original: www.toutiao.com/article/1846499931923595/
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