Canada · Delayed Price · Currency is CAD Thor Explorations Earnings Call Transcripts
Fiscal Year 2026
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Record sales and earnings were driven by higher by-product output and strong metal prices, despite a slight decline in copper production. Major projects like Tía María are progressing, with production expected to ramp up in 2027, while cost control and ESG initiatives remain priorities.
Fiscal Year 2025
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Record gold production and strong cash flow in 2024 enabled robust shareholder returns and a debt-free balance sheet. Exploration and development advanced across Nigeria, Senegal, and Côte d'Ivoire, with 2025 guidance reaffirmed and no equity dilution planned for new projects.
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Q3 2025 delivered strong profits and cash flow, driven by high gold prices and disciplined costs. Guidance for 2025 is narrowed to 90,000–95,000 ounces at $900–$1,000/oz AISC, with robust exploration and development across Nigeria, Senegal, and Côte d'Ivoire.
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Record financial results and strong cash flow have enabled debt repayment, ongoing dividends, and aggressive exploration in Nigeria, Senegal, and Côte d'Ivoire. Drilling success and resource expansion underpin a positive outlook, with new discoveries and a robust project pipeline.
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Record Q2 performance with strong free cash flow, net cash of $53M, and all-in sustaining costs at $915/oz. Production and cost guidance reaffirmed, with major exploration and feasibility milestones expected in Nigeria, Senegal, and Côte d'Ivoire.
Fiscal Year 2024
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Delivered strong 2024 results with $193M revenue, $91M net profit, and 85,000 oz gold production, fully repaid debt, and launched a high-yield dividend. Expanded exploration in Nigeria, Senegal, and Côte d'Ivoire, with major drilling and resource updates expected in 2025.