Thor Explorations Ltd.
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Olusegun Lawson
- Full Time Employees
- 80
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 550 Burrard Street Vancouver BC Canada V6C 0A3
- IPO Date
- May 22, 1981
- Website
- thorexpl.com
- Similar Companies
- Business
- Thor Explorations Ltd. is a Vancouver-based mineral exploration and production company focused on gold projects in West Africa; listed on the TSX Venture Exchange (THX.V) and AIM (THX.L), it engages in the acquisition, exploration, development, and production of gold properties, with additional interests in lithium and silver deposits. Founded in 1968 and headquartered at 550 Burrard Street, Vancouver, Canada, the company operates primarily through its flagship Segilola Gold Project in Osun State, Nigeria -- Nigeria's first commercial-scale gold mine, which produced 85,057 ounces in 2024 with 2025 guidance of 85,000-95,000 ounces at all-in sustaining costs of $800-$1,000 per ounce; the Douta Gold Project in southeastern Senegal featuring a 1.78 million ounce resource and ongoing drilling at prospects like Baraka 3; the Guitry Gold Project in Côte d'Ivoire with recent high-grade drilling intersections; lithium exploration via subsidiary Newstar Minerals Ltd. in southwestern Nigeria covering over 600 sq km of tenure in Oyo, Kwara, and Ekiti States; and additional exploration licenses including Douta West, Sofita, Marahui, Boundiali, and Bousankhoba in Senegal and Côte d'Ivoire, plus regional gold targets near Segilola. Thor targets institutional and retail investors in precious and battery metals sectors, with operations spanning Nigeria, Senegal, and Côte d'Ivoire. Recent developments include increasing its Douta Project stake to 100% economic interest in September 2025 via a $3 million cash payment and 1.5% net smelter royalty to joint venture partner International Mining Company SARL, alongside acquiring an initial 65% interest in the contiguous Bousankhoba exploration permit; completing a preliminary feasibility study for Douta in Q4 2025; advancing 12,000 metres of drilling at Baraka 3 with intersections like 19 metres at 2.46 g/t gold; reporting positive near-mine exploration at Segilola confirming mineralization below the pit shell; launching initial drilling at Guitry yielding significant results; and continuing lithium exploration pending drilling rigs while delineating new gold anomalies 52 km south of Segilola.
Company News
Thor Explorations posts Q3 revenue of US$81.7 million on Segilola gold sales
Thor Explorations posts Q3 revenue of US$81.7 million on Segilola gold sales
Thor Explorations Announces Q3 2026 Operating Update
Thor Explorations Announces Encouraging Maiden Exploration Drilling Results from the Marahui Project, Côte D'ivoire
Thor Explorations Ltd. (THX:CA) Q2 2026 Earnings Call Transcript
Thor Explorations delivers record first-half profit as strong gold price drives earnings
Thor Explorations Announces Financial and Operating Results, for the Three and Six Months Ending June 30, 2026
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Thor Explorations hits high-grade gold below Segilola pit as underground study advances
Thor Explorations hits high-grade gold below Segilola pit as underground study advances
Thor Explorations Announces Further High-Grade Mineralisation Intersected Below Segilola Open Pit
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Thor Explorations confirms its on track as it updates on Q2
Thor Explorations confirms its on track as it updates on Q2
Thor Explorations Announces Q2 2026 Operating Update
Thor Explorations Ltd.: Director & PDMR Dealing
Thor Explorations Ltd. (THX:CA) Q1 2026 Earnings Call Transcript
Thor Explorations higher after it delivers strong first quarter, supported by higher gold prices
Thor Explorations delivers strong first quarter, supported by higher gold prices