Thor Explor Share Price (THX)

Thanks EyesOfBlue. Some of those without patience have left as the negatives re gold, the falling market for miners and lack of company news expected by now. Tick up today with both gold and the THX share price.

Gold may be bottoming with sub $4000 having little support and demand for physical strong as ever as a counter weight to the recently strong dollar but the fundamentals should soon assert themselves and the falling trend of the dollar reassert itself.

Recap on recent news:

Segilola. A diamond drilling program with six drilling rigs has been underway for most of this year.

Segun has stated that he's aiming for 250-300k oz for the Segilola extension.

He's also confident about defining 500k oz more oxides at Douta, and therefore extending the high margin period of the mine plan to 8-9 years.

Congrats to Pacifico on one of the very few sensible posts on here for a while, obfuscated by the usual impatient whining and 5 million buys 😳

THX Q2 production report due in about 2 weeks (14/7 last year).

Drilling news due/overdue across all fronts.

Douta, Senegal will be Thor's second 100k oz pa and first long life gold mine. Mining licence and finance agreement July with mine construction to start. First gold pour H1/28.

Approx 15th August: 3rd quarterly dividend for 2026 iro FY 25/26 to be paid. Amount of C$0.0125 per share.

Shows --not shoes

Shoes carelessness by ceo to make statements in trading update with dates then only to miss them, consistently. How can be believe anything he says especially with delivery dates of the first gold for Douta Gold Project

risk now is there is problems with the possible gold resource quantity for the mine extension Segilola, signs of cover up.

Delays are to be expected - its mining, Africa and AIM.

That said, most of the awaited results were already late IF they came in Q2, ie it was already a revised timeframe.

Unless the delay is because they haven’t anything worthy of a release it doesn’t really make much difference the investment case though does it.