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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Thor Explorations Ltd | LSE:THX | London | Ordinary Share | CA8851491040 | COM SHS NPV (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 19.50 | 463,339 | 16:35:28 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 19.50 | 20.00 | 19.75 | 19.75 | 19.75 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | USD 139.38M | USD 10.87M | USD 0.0166 | 21.08 | 127.93M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:28 | O | 120,365 | 19.90 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 27/1/2025 | 17:36 | UK RNS | Thor Explorations Ltd EXERCISE OF SHARE OPTIONS - CORRECTION |
| 23/1/2025 | 07:00 | UK RNS | Thor Explorations Ltd Mining Indaba 2025 Conference Attendance |
| 21/1/2025 | 07:00 | UK RNS | Thor Explorations Ltd EXERCISE OF SHARE OPTIONS AND DIRECTOR DEALINGS |
| 13/1/2025 | 13:06 | ALNC |  Thor Explorations confident after meeting reduced guide in 2024 |
| 13/1/2025 | 07:00 | UK RNS | Thor Explorations Ltd Q4 PRODUCTION, 2025 GUIDANCE & INVESTOR WEBINAR |
| 10/1/2025 | 07:00 | UK RNS | Thor Explorations Ltd FURTHER POSITIVE DRILLING RESULTS FROM SEGILOLA |
| 12/12/2024 | 17:49 | UK RNS | Thor Explorations Ltd Results of Annual General Meeting |
| 02/12/2024 | 07:00 | UK RNS | Thor Explorations Ltd FURTHER POSITIVE DRILLING RESULTS FROM SEGILOLA |
| 25/11/2024 | 07:00 | UK RNS | Thor Explorations Ltd EXERCISE OF SHARE OPTIONS AND DIRECTOR DEALINGS |
| 14/11/2024 | 07:00 | UK RNS | Thor Explorations Ltd NOTICE OF ANNUAL GENERAL MEETING |
Thor Explorations (THX) Share Charts1 Year Thor Explorations Chart |
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1 Month Thor Explorations Chart |
Intraday Thor Explorations Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 24/1/2025 | 11:50 | Thor Exploration | 271 |
| 03/7/2023 | 12:21 | Thor Explorations expands footprint to include lithium | 2 |
| 02/7/2023 | 19:24 | Gold | 10 |
| 11/10/2022 | 11:17 | Tex Holdings - Ignored but for how long? | 7 |
| 09/4/2008 | 11:27 | ADVFN | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 17:15:00 | 19.90 | 120,365 | 23,952.64 | O |
| 16:35:28 | 19.50 | 9,329 | 1,819.16 | UT |
| 16:16:46 | 19.75 | 158 | 31.21 | O |
| 16:13:39 | 19.75 | 6,000 | 1,185.00 | O |
| 15:27:23 | 19.75 | 7,577 | 1,496.46 | O |
| Top Posts |
|---|
Posted at 27/1/2025 08:20 by Thor Explorations Daily Update Thor Explorations Ltd is listed in the Gold Ores sector of the London Stock Exchange with ticker THX. The last closing price for Thor Explorations was 19.50p.Thor Explorations currently has 656,064,724 shares in issue. The market capitalisation of Thor Explorations is £229,622,653. Thor Explorations has a price to earnings ratio (PE ratio) of 21.08. This morning THX shares opened at 19.75p |
Posted at 17/1/2025 09:35 by stevea171 Investor Meets Company: Segun Q4 update and Q&A.BigByteNow summary RE: IMC meeting. 15 Jan 2025 Good presentation and Segun does his best to answer as many questions as possible. Minister's statement expect to made public any day now then THX will follow up with a press release. reading between the lines THX know what his findings are already. Segilola 7,500m additional drilling is expected to be completed this quarter. Sporty. Then an optimisation study of the pit will take place and then it "may be appropriate to update the market" around Segilola resources and so first mine life extension pass ut drilling will continue after that (success driven). Douta PFS this quarter. The level of detail will be the top end of the PFS level. Not expecting to dilute shareholders for the equity portion which indicates that it isn't a crazy build figure. As suspected the AFC is expected to be involved in financing. I trust it will be a much better deal terms-wise. My take was FID H2 2025 but will be latter part at best. A lot can be talked about though in terms of NPV and financing beforehand. No dilution ensures more NPV can be included front end in the overall valuation. remaining 4,500 oz of gold hedges unwinding at 1,500 oz per month this quarter. That's not a lot given the production so another high average sales price can be expected in Q1. Strong progress on accounts payables. Great. Net cash position multiples of the end of Q3 figure of $2.7m and growing on a monthly basis. Gold stream liability paid off by mid-2026. Looking to return cash to shareholders in some form in 2025. Sustaining capital for Segilola capped at $5m in 2025. All in all the company is now in very good shape. The ministers statement is potentially a big trigger point if it puts the matter with Osun State firmly to bed. Other than that its a cash cow with more mine life looking very likely indeed. Why? because in the holes drilled to date they've hit 90% mineralisation with some very good grades. |
Posted at 13/1/2025 09:22 by paduardo Hi stevea171 On the last interview I saw with Segun from proactive investors he mentioned Q1 to update on this which is why I was surprised to see it wasn't referenced in the 25 catalysts. Understand they are planning more drilling / timings can shift but personally I think an extension will be a game changer in terms of the share price so would like an update on this is soon. Anyway, let's see if he answers the question on Wednesday. Cheers |
Posted at 13/1/2025 07:09 by trader465 Summary of Thor Explorations Update – January 13, 2025Thor Explorations Ltd. (TSXV / AIM: THX) reported strong Q4 2024 gold production and provided its 2025 guidance and exploration updates. 2024 Highlights Gold Production: Full Year: 85,057 oz. Q4 2024: 24,662 oz from 247,075 tonnes milled at an average grade of 3.08 g/t Au. Financial Achievements: Fully repaid senior debt with Africa Finance Corporation (AFC). Q4 gold sales of 24,936 oz at an average price of $2,497/oz, generating ~$62M revenue. Operational Improvements: Enhanced blasting strategies and mine planning led to smoother operations. 2025 Outlook Production Guidance: 85,000–95,000 oz. All-In Sustaining Costs (AISC): $800–$1,000/oz Douta Project: Updated Mineral Resource Estimate and Preliminary Feasibility Study (PFS) expected in Q1 2025. Drilling Programs: 7,500m at Segilola (underground). Scout and RC drilling in Nigeria and Senegal. Exploration initiated in Côte d’Ivoire. Q4 Exploration Updates Nigeria: Positive drilling results at Segilola Underground, with highlights including 1.8m grading 39.7 g/t Au. Expanded underground drilling program planned. Senegal: Finalisation of Douta PFS and commencement of RC drilling. Côte d’Ivoire: Geochemical and initial drill programs underway. Investor Webinar Thor Explorations will host an investor session on January 15, 2025, at 12:00 PM GMT to discuss Q4 results and 2025 guidance. |
Posted at 10/1/2025 07:05 by trader465 FOR IMMEDIATE RELEASE TSXV/AIM: THXJanuary 10, 2025 Vancouver, British Columbia THOR EXPLORATIONS ANNOUNCES FURTHER POSITIVE DRILLING RESULTS FROM SEGILOLA GOLD MINE Thor Explorations Ltd ((TSXV / AIM: THX), "Thor" or the "Company"), is a West African-focussed minerals exploration and mining Company, that is currently producing gold from its wholly owned Segilola Gold Mine in Nigeria and is advancing the Douta Gold Project in Senegal towards development. Thor is pleased to announce further positive results from its ongoing diamond drilling programme at the Segilola Gold Mine ("Segilola") that targets the down-plunge potential beneath the current open pit extents. The most recent results from the latest four holes drilled include 1.8 metres ("m") grading 39.7 grammes of gold per tonne ("g/tAu") from 222m in drillhole SNMDD027 and 3.4m grading 4.8g/tAu from 74m in drillhole SNMDD028. These results further highlight the potential to extend the Segilola resource both along strike to the south and at depth. Segun Lawson, President & CEO, stated: "We are pleased to start the year with additional encouraging drill results of the on-going diamond drilling programme which is targeting projections of the Segilola ore body outside the current open pit design. In particular, the significant intersection of 1.8m grading 39.7g/tAu is encouraging as it potentially suggests the formation of a high-grade shoot in the northern parts of the deposit. This intersection is supported by the previously reported intersection of 1.3m grading 3.35g/tAu located 40m to the south in hole SNMDD019. "These new intersections are located in the vicinity of several exploration holes that the Company drilled in 2018. Results from these holes include 1m grading 10.2g/tAu and 2.5m grading 8.5g/tAu.Together, these holes demonstrate high grade continuity of approximately 100m down dip and about 100m along strike. Based on the new results we intend to continue drill testing of the Segilola structure, and we look forward to sharing further results in due course." |
Posted at 21/12/2024 12:14 by oilinvestoral Very good trader 465! I agree with all that! It doesn't change the point that THX sell a chunk of their gold at a 70% discount to spot price . That all I was saying when you calculated all their gold being sold at nearly 2450/ ozAlso don't forget that they have a large chunk of gold hedged / forward sold. I'm just trying to help with the accuracy of your calculations... |
Posted at 18/10/2024 08:38 by ukgeorge Decided to buy some more today, sold some non producing lithium plays. Fingers crossed the strong cash flow continues and the share price responds.87 and 67k shares strange they haven't shown up yet |
Posted at 21/9/2024 17:48 by cyberbub Just looking in here very briefly, looks like at least $80m net profit for the year at current gold prices, say £60m. On a p/e of 8 that would be £500m cap if you ignore the debt which is about to be paid off. So about 80p share price. Why is it still below 20p? Is there a short mine life? High political risk in Nigeria and Senegal? Thanks for any comments. |
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 22/2/2024 09:18 by stevea171 Selling in smallish chunks in the last hour or so here yesterday, in Canada over night and now again here this morning. Seems to be one or more distressed holders with limited buyers to soak it all up so crashing the share price LSE comments: Last night. The share price is down 8% on something like £12k of sells broken in to about 10 trades so its hardly like a large holder trading in this manor. This is clearly retail as incredibly amateur and very distressed to hit out small trades below bid. Honestly think in 6 months time here we could be looking 25-30p should they extend the mine life as expected. Chucking out 85-90m ebitda at the moment call it 1 x Mcap. This morning. The volume in Toronto was 3x the average, it was a large (selling) volume day. If there weren't many trades, then it's likely it was one (or a small number of) large holder(s). Are institutions buying or trading this in any sort of volume? No. Large holders selling are not professional investors and likely need the money (or bored of waiting for returns) and this is exactly what the share price is at the mercy of. Which is exactly what has been written here for years. Saying it's just some amateur is to miss the point that this hasn't always been going on and will continue to go on. Unless this share is more widely distributed (or someone wants a big stake or buyout), we will never see fair value. This is an asset for the handful of people who own the majority of shares to be utilised/monetised/l We must be approaching halfway through the original Segilola mine life and we're now at my first buy-in price, from well before ground was broken, many years ago. No share price appreciation whatsoever for being a producing, profit-making, low debt mine, with potential for extension, additional gold leases for development, lithium... etc. Add in many years of inflation and I am well down. And that doesn't consider I have averaged up over the years, so I am very, very down. The prospects were improving, right? Why wouldn't you add? Having slept on it though; a market-settling RNS wouldn't help. There is no 'market' issue. Someone (probably one person) is selling... no one is interested in buying, as usual. Clearly very few people know about this or very few people are interested in this. What can be done to address that? Let's get definitive news on Segilola extension, the plans for Douta (sell it if it doesn't make sense and return the money to investors), more clarity on how the AISC will be reduced, plans for buy-backs, dividends (it's not 'only' been operating 2 yrs, it's profitably halfway through mine life), etc, etc. What is it, ~60% down from the recent high in ~8 months and the gold price is higher today than it was then? But nothing has changed. It's incredibly frustrating. |
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. |
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