Thor Explorations has intersected high-grade gold at depth beneath the Segilola open pit in Nigeria, including an intercept of 11.31 g/t Au over 1.2m. The company also reported strong Q2 production of 19,153 ounces of gold and maintained its full-year guidance.
Thor Explorations announced further high-grade gold mineralization intersected below the Segilola open pit, with ongoing drilling extending the deposit at depth. The program aims to upgrade the inferred underground resource and increase its overall size, supporting a potential underground mining development decision. Key intercepts include 19.4m at 3.01 g/t Au and 3.3m at 10.19 g/t Au, with true widths disclosed for all significant results.
Thor Explorations reported Q2 2026 production at the Segilola Gold Mine, with 19,153 oz of gold poured and a process recovery of 93.3%. The company maintained its FY 2026 production guidance and reported significant exploration activity across Nigeria, Senegal, and Côte d'Ivoire.
Thor Explorations reported strong Q1 2026 results, highlighted by US$74.3 million in revenue and US$46.7 million in net income, aided by a high realized gold price of US$4,820/oz. The company also completed a Pre-Feasibility Study and updated Mineral Resource Estimate for the Douta Gold Project in Senegal, which shows significant economic potential.
Thor Explorations provided an operational update for Q1 2026, highlighting 20,256 oz of gold poured from its Segilola mine in Nigeria. The company maintained its FY 2026 production and AISC guidance while reporting a strong cash position of $154 million.
Thor Explorations reported strong Q3 2025 results, highlighted by a significant increase in net profit to US$43.1 million and gold production at the Segilola mine. The company also raised its full-year gold production guidance to 90,000-95,000 oz and reported improved mill recovery rates of 94.3%.
Thor Explorations reported strong Q3 2025 operating results from its Segilola Gold mine in Nigeria, including 22,617 ounces of gold poured and a high process plant recovery of 94.3%. The company also announced new drill results from Segilola, with several significant gold intercepts up to 17.86 g/t Au over 1.8m true width, and provided updates on exploration activities across its West African portfolio. Production guidance for FY 2025 remains on track, and the company plans future resource updates for its Douta and Guitry projects.
DFR Gold Inc. has entered into a definitive agreement to restructure its interests in the Gurara and Kalaka gold projects. The company will exchange its 40% interest in the Kalaka Project (Mali) for an additional 25.5% in the Gurara Gold Project (Nigeria), resulting in a 51% controlling interest in Gurara.
