Thor Explorations Announces Strong Q4 2025 Gold Production of 23,604 Ounces, 2026 Operating Guidance and Bonus Q4 Dividend

Core Viewpoint - Thor Explorations Ltd. reported strong operational results for Q4 and FY 2025, highlighting significant gold production and revenue growth, alongside a commitment to returning value to shareholders through dividends [1][8][9]. Q4 2025 Operational Highlights - The company poured 23,719 ounces of gold in Q4 2025, contributing to a total of 91,910 ounces for the full year [7][8]. - Gold sales in Q4 reached 25,830 ounces at an average realized price of US$4,189 per ounce, resulting in record quarterly revenue of US$108 million [7][8]. - The cash balance at the end of Q4 was US$137 million, with a bullion inventory of 3,188 ounces [7][9]. - The average grade of gold processed was 3.31 grams per tonne, with a recovery rate of 94.8% [7][17]. Dividend Information - A standard Q4 dividend of C$0.0125 per share will be supplemented by a bonus dividend of C$0.015 per share, totaling C$0.0275 per share for Q4 [4]. - For 2026, dividends will be paid quarterly at C$0.0125 per share, totaling C$0.05 for the year, with potential increases based on cash reserves [5]. FY 2026 Outlook and Production Guidance - Production guidance for FY 2026 is set between 75,000 to 85,000 ounces of gold [6]. - The All-in Sustaining Cost (AISC) guidance for FY 2026 is projected to be between US$1,000 to US$1,200 per ounce [14]. Exploration and Development Activities - Near mine exploration in Nigeria is ongoing, with positive results justifying the continuation of deeper drilling programs [10][12]. - In Senegal, the Preliminary Feasibility Study (PFS) for the Douta project is expected to be released on January 26, 2026 [11][14]. - Drilling activities have resumed in Cote d'Ivoire, with initial programs starting on the Marahui Licence [11][16].