Thor Explorations Reports Strong Q4 Gold Output

Thor Explorations Ltd. reported strong gold production for Q4 2024, totaling 24,662 ounces, contributing to an annual output of 85,057 ounces, with revenue of approximately $62 million. The company has fully repaid its senior debt, resulting in a solid financial position as it prepares for 2025, with a production guidance set between 85,000 to 95,000 ounces. Additionally, ongoing exploration at the Segilola gold mine in Nigeria has revealed promising results, including significant gold grades from recent drilling, suggesting potential resource extension along strike and depth. Encouraging intersections include 1.8 meters grading 39.7 g/t and 3.4 meters grading 4.8 g/t. Thor aims to finalize a Preliminary Feasibility Study for the Douta Project in Senegal in early 2025, further enhancing its operational prospects. The company’s continued drilling efforts are expected to yield more results that could bolster its resource base.