Thor Explorations Announces Q2 2025 Operating Update

Core Viewpoint - Thor Explorations Ltd. reported a strong operational performance in Q2 2025, achieving record quarterly revenue of US$82.5 million due to high gold prices and effective cost management [7][8]. Q2 Highlights - Gold poured in Q2 2025 totaled 22,784 ounces, with gold sales reaching 25,900 ounces at an average realized price of US$3,187, resulting in revenue of $82.5 million [5]. - The company milled 238,425 tonnes of ore at an average grade of 3.12 g/t, achieving a process plant recovery rate of 93.1% [5]. - Mine production consisted of 242,461 tonnes at an average grade of 3.02 g/t, yielding 23,573 ounces of gold [5]. - The ore stockpile decreased by 307 ounces to 41,092 ounces at an average grade of 0.84 g/t [5]. - The company maintained its FY 2025 production guidance range of 85,000 to 95,000 ounces and AISC guidance of $800 to $1,000 per ounce [5]. Exploration Activities - Ongoing underground drilling at Segilola aims to extend the mine life, with a total of 4,418 meters completed across 12 holes [12]. - In Senegal, over 11,000 meters were drilled at the Baraka 3 prospect, which will be included in the Douta Preliminary Feasibility Study [9][16]. - Exploration in Côte d'Ivoire is advancing with drilling programs on the Guitry, Marahui, and Boundiali licenses [5][10]. Dividend Information - The company will maintain its dividend policy, with a second quarterly dividend payment of C$0.0125 per share scheduled for August 15, 2025 [5][4].