Canadian miner Thor Explorations posts higher Q3 profit on rising gold prices, cost control

Thor Explorations

18/11/2025 07:48

Overview

Thor Explorations Q3 revenue rises to $69.9 mln, net profit increases to $43.1 mln

Gold production at Segilola increases to 22,617 oz in Q3 2025

Company acquires full ownership of Douta Project in Senegal

Outlook

Thor Explorations narrows 2025 production guidance to 90,000 - 95,000 oz

Company revises 2025 AISC guidance to US$900 - US$1,000 per oz

Thor plans to release Douta PFS in Q4 2025

Result Drivers

GOLD RECOVERY - Improved process plant recovery performance to 94.3% contributed to strong Q3 results

COST DISCIPLINE - Thor attributes net profit increase to cost discipline and operational efficiencies

EXPLORATION ADVANCEMENT - Continued exploration activities at Segilola and Douta aimed at extending mine life and increasing resources

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
$43.10 mln
Q3 EBITDA
$51.80 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the gold peer group is "buy"

The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 4 three months ago

Press Release: ID:nRSR8881Ha

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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.)