We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Thor Explorations Ltd | THX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 15.35 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 15.35 | 15.35 | 15.35 | 15.35 | 15.35 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 29/5/2024 09:16 by stevea171 Q1/24 AISC of US$632 per oz sold.FIRST QUARTER 2024 FINANCIAL AND OPERATING RESULTS Financial Highlights · 17,420 oz of gold sold with an average gold price of US$2,033 per oz. · Cash operating cost of US$418 per oz sold and all-in sustaining cost ("AISC") of US$632 per oz sold. o In Q1 2024, lower cost medium and high grade stockpile was fed through the mill resulting in a lower than expected cash operating cost and AISC. · Q1 2024 revenue of US$33.3 million (Q1 2023: US$40.3 million). · Q1 2024 EBITDA of US$23.3 million (Q1 2023: US$14.7 million). · Q1 2024 net profit of US$12.4 million (Q1 2023: US$3.0 million). · Cash and cash equivalents of US$2.8 million as at March 31, 2024 (Q1 2023: US$4.5 million). · Senior debt facility reduced to US$15.2 million as at March 31, 2024. · Net debt of US$14.3 million as at March 31, 2024. Segilola Near-Mine Exploration · Exploration during the Period has prioritised working up near mine drill targets as well as carrying out structural studies aimed at designing drill programmes for the Segilola Underground Resource in Q2 2024. o 10,000 metres of drilling expected to commence in June 2024, with a likely increase to the size of the drilling programme should there be successful drilling results. · The Company is aiming to define an updated underground resource before the end of 2024. Douta · In the post period, the acquisition of the Douta-West Licence (announced on April 3, 2024) was completed. · The licence lies contiguous to the Company's existing Douta Permit and contains advanced exploration targets. · Thor's strategy is to combine both licences and scale up the size of a combined Douta Project for the Douta Preliminary Feasibility Study ("PFS"). · The Douta PFS workstreams continue, alongside the growth of the oxide component of the resource across both licences. · This growth will add to the existing mineral resource estimate ("MRE") that currently comprises of a total of approximately 1.78 million ounces ("Moz") of gold. · A 15,000 metre drilling programme commenced after the Period and is targeted at growing the current oxide component of the resource from approximately 250,000 oz to over 500,000 oz over the next six months. |
Posted at 20/5/2024 08:22 by bushtuckaman I traded out my SRB position a few weeks ago for some THX, glad to see she's moving up again.With pog moving up again the debt should be cleared soon and this becomes a cash machine. I'm keen to see the drill results under the pit to extend mine life. I'd expect a significant re-rating if they're good. |
Posted at 27/4/2024 07:31 by stevea171 Thor Explorations To Host Investor WebinarThor Explorations Ltd. (TSXV / AIM: THX) (“Thor Explorations” or the “Company” The session will discuss the upcoming FY23 results that are expected to be announced on 29 April 2024, the recent Q1 2024 Operational Update, along with the Company’s corporate strategy. |
Posted at 19/3/2024 13:52 by loganair LB - If any spare cash going I much prefer a small dividend rather then a share buy back as on the whole I'm not in favour of share buy backs. |
Posted at 11/3/2024 16:18 by royalalbert Gold at 2184 come on #THX after AISC we are shifting around $1000 an ounce, production for this quarter forecast 20,000oz, mental share price. |
Posted at 01/3/2024 21:30 by stevea171 News. We are due an updated MRE for Douta any day now. Q1/24 is current guidance. This is expected to increase both the resource to c. 2 million oz gold and the average grade.This is to be followed by the PFS for Douta delayed from Q4/23 to Q1/24 with only a month now left in Q1. With this information in the public domain there will be visibility of the valuation of the asset and development issues and costs. Segun thinks Thor can build a mine there without dilution of shareholders but Endeavour's huge mine, Sabodala, is just trucking distance away from Douta, and other predators incl possibly the Chinese will no doubt take a close interest when this PFS is released. At the moment Douta is valued at zero in the THX share price which gives the AISC $1150, 100k oz producing mine at Segilola a derisive valuation. THX share price was recently smashed even lower by a further 20% by a large seller wanting out at any price over a 3 day period but the shares are starting to bounce back with likely more on news. |
Posted at 16/1/2024 14:38 by stevea171 Spotlight on Douta and valuation.A lot is happening here. But what is Segun up to with Douta? The PFS has been moved back from Q4/23 to Q1/24 to give more time for a new MRE to be issued in Q1 ahead of the PFS where the resource of 1.78 million oz gold is expected to be expanded to 2 million oz at a higher grade, with more converted from inferred to indicated category and for development of the mining process with the Chinese in conjunction with the metallurgy work in Perth. Exploration here has so far been limited but with further exploration and drilling along a 15 km mineralised corridor the resource can be expanded further. Douta is not a straight forward development due to the refractory ore element as with the nearby Massawa development (Endeavour). The cost of building a 100k oz pa mine at Douta will not come cheap. $120 million for Stage 1? It can be done in two stages with the oxide ore CIL processing first followed by a BIOX. Stage 1 could be financed 50% by a Finance Co and the balance through cash flow this year and next. Commence 18 month build early 2025 with completion mid 2026. Randgold/Barrick did not develop the much higher grade and larger Massawa deposit for 10 years before selling out for $380 million in 2020. Then there is the salutary lesson of the failed development of the adjacent Makabingui deposit in 2020 by Bassari Resources. When the PFS comes out it is sure to trigger interest from predators and in particular from Endeavour to add to their regional supply of ore to their huge operation at nearby Sabodala. The economics for the low grade ore could be improved for Endeavour by installing a crusher and ore sorter at Douta before trucking to Sabodala. What price would Endeavour offer for Douta? $100 million? (B2B Gold sold its 1.1 million oz, 2.3 gm/t Toega resource in Burkina Faso to West African Resources in 2021 for $45 million). Segun says he is not looking to dilute shareholders with future development of Douta or the recent Nigerian lithium deposits but is open to partners/JV's. He has strong links to the Chinese who were contracted for construction of Segilola and are involved with the process design for Douta. So it's likely the ball will kick off with the PFS in a couple of months time. Future development of a second mine for Thor in Senegal? Or a sale providing funds for gold and lithium mines in Nigeria where Thor is the first mover with plenty of attractive prospects. None of this is in the share price at a near low of 14.25p since listing on AIM in 2021. Thor: "Our vision is to create significant shareholder value by being the largest producer of gold and the leading and sustainable supplier of lithium in Nigeria." THX Mkt Cap is £93.5 million at share price of 14.25p. Dual listed. Also on the TSXV (THX) with share price CA$0.23. Major holdings: Segun Family 15%. Segun 4.5%. Comparison: Shanta 100k oz pa. Mkt Cap £136 million at 13p. Target Price: 30p - Canaccord Genuity 15/1/24 If significant lithium deposits are discovered and developed Thor could become a billion dollar gold and lithium producer. News 15/1/24: Q4/23 production results. |
Posted at 12/9/2023 08:50 by tommyttrades +10% on the TSX last night, far more liquid for THXDown on AIM today,... Anyone for arbitrage |
Posted at 14/1/2023 10:17 by royalalbert Gold at $1920 means THX are shifting nearly $1000 after AISC, looking good. A bit more news regarding drilling at the mine to derisk its life should really propel the share price up to a fair valuation. Senegal also to be added on, which could be icing on the cake. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
