Canadian miner Thor Explorations' Q3 revenue hits $69.5 mln on high gold prices

Thor Explorations

15/10/2025 09:52

Overview

Thor Explorations Q3 2025 rev at $69.5 mln, driven by high gold prices

Company maintains FY 2025 production and cost guidance, continues exploration activities

Gold production at Segilola mine supports strong operational performance

Outlook

Thor Explorations maintains FY 2025 gold production guidance at 85,000 to 95,000 oz

Company maintains FY 2025 all-in sustaining cost (AISC) guidance at $800 to $1,000 per ounce

Thor Explorations plans additional drilling at Guitry and Marahui in Q4 2025

Result Drivers

HIGH GOLD PRICES - Realized price of $3,535 per ounce contributed to strong revenue

RISING STOCKPILES - Ore stockpile increased by 2,977 oz to 44,069 oz of gold at an average grade of 0.83 g/t

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$69.50 mln


Press Release: ID:nRSO3714Da

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)