Thor Explorations rose 14% on the back of higher production from its Segilola gold mine in Nigeria during the second quarter of 2023.
Production guidance for the current year was also maintained at 85,000 to 95,000oz of gold for the 2023 fiscal year, while the miner said it had unearthed a new mineralised trend 23km away from Segilola.
Updates from exploration in Nigeria and Senegal would be released in a couple of weeks, Thor added, while the planned step-up in operations had been achieved.
Shares rose 2.5p to 20.5p.