Thor Explorations Reports Strong 2024 Financials and Declares Maiden Dividend

Thor Explorations ( (TSE:THX) ) just unveiled an announcement.

Thor Explorations Ltd announced its audited financial results for 2024, highlighting a significant increase in gold sales and profitability. The company reported a net profit of $91.1 million, a substantial rise from the previous year, driven by higher gold prices and reduced operating costs. Thor Explorations also declared its maiden dividend, reflecting its strong financial position and commitment to shareholder returns. The company is actively exploring new opportunities in Nigeria, Senegal, and Côte d’Ivoire, with promising results from its exploration activities, particularly in the Segilola and Douta projects. The expansion into Côte d’Ivoire and the discovery of new prospects underscore Thor’s growth ambitions and potential for increased production, which could positively impact its market positioning and stakeholder value.

More about Thor Explorations

Thor Explorations Ltd is a mining company engaged in the exploration and production of gold and other minerals. The company operates the Segilola Gold Mine in Nigeria and has exploration properties in Nigeria, Senegal, and Côte d’Ivoire. Thor Explorations focuses on gold mining and exploration, with a strategic interest in expanding its operations in West Africa.

YTD Price Performance: 29.03%

Average Trading Volume: 248,091

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$282.3M

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