Thor Explorations Ltd (LSE:THX) has reported record-breaking financial and operational performance for Q2 and H1 2025, posting all-time highs in revenue, EBITDA, and net profit. The results were fueled by elevated gold prices and improved operational efficiencies. In Q2 alone, the company sold 25,900 ounces of gold at an average price of US$3,187 per ounce, generating robust profit margins. Thor is pushing forward with exploration programs at the Segilola Gold Mine and across its assets in Senegal and Côte d’Ivoire, targeting mine life extensions and resource growth. The company also continues to advance its ESG commitments, strengthening community engagement and promoting sustainable operations.
About Thor Explorations
Thor Explorations Ltd is a gold-focused mining and exploration company, best known for operating the Segilola Gold Mine in Nigeria. In addition to its flagship mine, Thor holds exploration assets in Nigeria, Senegal, and Côte d’Ivoire, with a strategic priority of expanding its gold resources and advancing new projects.
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