Thor Explorations ( (TSE:THX) ) just unveiled an update.
Thor Explorations Ltd. reported a strong operational performance for Q1 2025, with the Segilola Gold Mine in Nigeria producing 22,790 ounces of gold and generating $61.9 million in revenue. The company successfully delivered all gold forward sales and increased process plant recovery to 93.7%. Thor maintained its production guidance for 2025 and continued its exploration activities across Nigeria, Senegal, and Côte d’Ivoire, identifying several new targets and advancing drilling programs. These developments are expected to strengthen the company’s market position and provide opportunities for resource expansion.
More about Thor Explorations
Thor Explorations Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of mineral properties in Nigeria, Senegal, and Côte d’Ivoire. The company holds a 100% interest in the Segilola Gold Project in Nigeria and a 70% interest in the Douta Gold Project in Senegal. Thor Explorations is listed on the TSX Venture Exchange under the symbol ‘THX’.
YTD Price Performance: 104.84%
Average Trading Volume: 270,362
Technical Sentiment Signal: Sell
Current Market Cap: C$431.8M
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