Thor Explorations generates record quarterly revenue
TSX-V- and Aim-listed Thor Explorations produced 23 719 oz of gold in the quarter ended December 31, 2025, bringing its full-year total to 91 910 oz, from the Segilola mine, in Nigeria.
The company announced a special dividend payment of C$0.015 apiece for the fourth quarter of the year, in addition to the standard C$0.0125 dividend, which brings the total payable dividend in the period to C$0.0275 apiece.
The company sold 25 830 oz of gold in the fourth quarter at an average realised price of $4 189/oz, resulting in record quarterly revenue of $108-million.
The Segilola mine had 242 182 t of ore milled at an average grade of 3.3 g/t, with a process plant recovery rate of 94.8%.
Thor had a cash balance of $137-million at the end of December, as well as 3 188 oz of gold bullion inventory.
