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Thor Explorations ( (TSE:THX) ) has issued an announcement.
Thor Explorations reported a strong finish to 2025, with fourth-quarter gold production of 23,719 ounces from its Segilola mine in Nigeria, bringing full-year output to 91,910 ounces, at high recoveries and supported by growing ore stockpiles and gold-in-circuit inventory. The company generated record unaudited quarterly revenue of US$108 million on Q4 sales of 25,830 ounces at an average realised price of US$4,189 per ounce, ending the quarter with a cash balance of about US$137 million and no remaining outstanding payables; on the back of this, it declared a Q4 dividend of C$0.0275 per share, including a bonus component, and confirmed ongoing quarterly dividends for 2026, while setting 2026 production guidance at 75,000–85,000 ounces at an AISC of US$1,000–US$1,200 per ounce. Thor is also advancing its growth pipeline with a preliminary feasibility study for the Douta project in Senegal due on 26 January 2026 and active drilling across its portfolio, including underground drilling at Segilola, additional exploration in Nigeria, Senegal and Côte d’Ivoire, positioning the company for potential development decisions and further resource growth in the year ahead.
More about Thor Explorations
Thor Explorations Ltd is a West Africa-focused mineral exploration and gold mining company with assets in Nigeria, Senegal, Côte d’Ivoire and Burkina Faso. It holds a 100% interest in the producing Segilola Gold Project in Osun State, Nigeria, a 100% economic interest in the Douta Gold Project in south-eastern Senegal, and a 100% interest in the Guitry Gold Project in Côte d’Ivoire, and is listed on both AIM and the TSX Venture Exchange under the ticker THX.
For a thorough assessment of THX stock, go to TipRanks’ Stock Analysis page.