Thor Explorations has paid a US$61,900 tax bill for its Segilola gold mine in Nigeria after a magistrate’s notification, in response to local press investigations into the company’s finances.
Thor Explorations (TSXV: THX; AIM: THX) announced that it has promptly settled a US$61,900 tax bill for its Segilola gold mine in Nigeria’s Osun state, following a notice from a state magistrate. This action comes amidst reports from local media regarding ongoing discussions about the company’s obligations in the region.
Thor Explorations operates the Segilola gold mine, which is significant for Nigeria’s mining sector. Tax payments are a crucial aspect of maintaining compliance with local regulations. Recent developments indicate scrutiny on the company’s adherence to tax obligations amidst local media coverage, highlighting the importance of operational transparency and fiscal responsibility in the mining industry.
Thor Explorations has fulfilled its tax obligations promptly, demonstrating its commitment to regulatory compliance. The company’s actions should mitigate any potential concerns regarding its operational transparency moving forward.
Original Source: northernminer.com