Thor Explorations Reports $81.7 Million Q3 Revenue from Nigerian Gold Sales

Key Facts

1Thor Explorations reported Q3 revenue of $81.7 million from gold sales at its Segilola mine in Nigeria.

2The company sold 19,000 ounces of gold at an average realized price of $4,297 per ounce during the third quarter.

Thor Explorations reported Q3 2026 revenue of $81.7 million, driven by gold sales from its Segilola mine in Nigeria. Proactive Investors reported that the company sold 19,000 ounces of gold at an average realized price of $4,297 per ounce during the quarter.

The company poured 15,515 ounces of gold during the third quarter while maintaining its all-in sustaining cost guidance between $1,000 and $1,200 per ounce. Thor Explorations ended the period with an adjusted net cash position of $236.7 million, though it revised its full-year 2026 production guidance to 70,000–72,000 ounces following heavy rainfall at its operations.