TSX-V- and Purpose-listed Thor Explorations has reported a powerful efficiency for the monetary 12 months ended December 31, 2025, with income having elevated to $325.5-million, from $193.1-million within the 2024 monetary 12 months and web revenue having elevated to $196.2-million, in contrast with $91.1-million within the prior monetary 12 months.
“Having entered the 12 months with a debt-free steadiness sheet, we’ve absolutely capitalised on the excessive gold value surroundings whereas sustaining our value self-discipline all year long. Because of this, our gold manufacturing of about 92 000 oz has resulted in a report monetary efficiency,” president and CEO Segun Lawson feedback.
“Our strong money circulation and powerful steadiness sheet enabled us to transition to a dividend-paying firm throughout the 12 months. In 2025, the corporate returned roughly $18-million to shareholders by dividends paid throughout the 12 months.
“As well as, the corporate declared and paid a particular dividend along with a quarterly dividend within the first quarter of 2026, bringing complete shareholder returns thus far to roughly $32-million. We’re dedicated to sustaining this coverage by 2026, which is according to our technique of returning a part of our robust money circulation era to our shareholders and can proceed to retain the choice to extend the dividend primarily based on our money place,” he provides.
Thor’s owns and operates the Segilola mine, in Nigeria, and is growing the Douta venture, in Senegal.
The corporate has set its manufacturing steerage at between 75 000 oz and 85 000 oz of gold at an all-in sustaining value of between $1 000/oz and $1 200/oz for this 12 months.
It is usually planning to finalise allowing approvals for Douta to achieve a last funding resolution and to begin building within the second half of the 12 months.
