Thor Explorations adds veteran mining executive Swanepoel to board amid growth push

The latest update is out from Thor Explorations ( (TSE:THX) ).

Thor Explorations has appointed veteran South African mining executive Bernard Swanepoel to its board of directors, pending TSX Venture Exchange approval, as it seeks to bolster governance and strategic expertise. Swanepoel, a former Harmony Gold CEO with extensive board experience across major African mining and metals companies, is expected to support Thor as it prepares to build a second mine, transitions Segilola to underground operations and pursues its ambition of becoming a mid-tier gold producer.

The company also acknowledged the departure of long-serving non-executive director Collin Ellison, who contributed through Segilola’s construction, ramp-up to commercial production and subsequent profitable operations. Under Ellison’s tenure, Thor completed Segilola’s build-out, repaid its senior debt facility and progressed the Douta project in Senegal to the pre-feasibility stage, underscoring a period of significant growth and de-risking for stakeholders.

More about Thor Explorations

Thor Explorations is a Canadian mineral exploration company focused on acquiring, exploring and developing gold properties in West Africa, particularly in Nigeria, Senegal and Côte d’Ivoire. It owns 100% of the Segilola Gold Project in Osun State, Nigeria, which began mining and production in 2021, and holds a 70% interest in the Douta Gold Project in south-eastern Senegal, advancing it through pre-feasibility development.

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