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Thor Explorations ( (TSE:THX) ) has provided an update.
Thor Explorations Ltd. reported strong financial and operational results for Q1 2025, with a record net income of US$34.4 million and revenue of US$64.0 million, driven by higher gold sales and favorable prices. The company achieved significant progress in its exploration activities, particularly in Nigeria and Senegal, with ongoing drilling campaigns and the identification of new targets. The company also made strides in environmental, health, safety, and social initiatives, including community development projects and sustainability reporting. Thor Explorations aims to continue advancing its projects and exploration programs, with a production guidance of 85,000 to 95,000 ounces of gold for 2025.
More about Thor Explorations
Thor Explorations Ltd. is a mining company primarily engaged in the exploration and production of gold. The company operates the Segilola Gold Mine in Nigeria and has exploration properties in Nigeria, Senegal, and Côte d’Ivoire. Thor Explorations focuses on advancing its gold mining projects and expanding its exploration activities across West Africa.
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