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Thor Explorations Announces Strong Q4 2025 Gold Production of 23,604 Ounces, 2026 Operating Guidance and Bonus Q4 Dividend
Vancouver, British Columbia--(Newsfile Corp. - January 13, 2026) - Thor Explorations Ltd. (TSXV: ...
About this update from Thor Explorations Ltd.
[{"type":"text","content":"Thor Explorations Announces Strong Q4 2025 Gold Production of 23,604 Ounces, 2026 Operating Guidance and Bonus Q4 DividendVancouver, British Columbia--(Newsfile Corp. - January 13, 2026) - Thor Explorations Ltd. (TSXV: THX) (AIM: THX) (\"Thor Explorations\", the \"Company\" or the \"Group\") is pleased to provide its fourth quarter and full year 2025 operational update for the Segilola Gold mine, located in Nigeria (\"Segilola\"), and for the Company's mineral exploration properties located in Nigeria and Senegal, for the three months to December 31, 2025 (the \"Quarter\" or \"Q4\") as well as full year operational highlights (\"FY 2025\").HighlightsQ4 gold poured of 23,719 ounces (\"oz\")FY 2025 gold poured totalled 91,910ozGold sales in Q4 2025 of 25,830oz at an average realised price of US$4,189 resulting in record quarterly revenue of US$108 million (unaudited) Q4 cash balance of US$137 million (unaudited)Q4 bullion inventory of 3,188oz (unaudited)Segilola Q4 2025 Operational Highlights23,719 ounces of gold pouredGold produced from 242,182 tonnes milled at an average grade of 3.31 grammes per tonne (\"g/t\") of gold (\"Au\") and process plant recovery of 94.8%Mine production of 580,615 tonnes at an average grade of 1.71g/t of Au for 31,932ozOre stockpile increased by 6,144oz to 50,213oz of Au at an average grade of 0.79g/t of Au which includes a medium-grade stockpile of 1,829 tonnes at an average grade of 1.84g/tAddition of a further 971 oz of Au in circuit (\"GIC\"), increasing total GIC to 5,126 oz of AuQ4 Dividend In addition to the standard Q4 Dividend of C$0.0125 per share, the Company will pay an additional bonus dividend payment of C$0.015 per share. The total dividend payable for Q4 will be C$0.0275 per share2026 Dividend2026 Dividends will continue to be paid on a quarterly basis at an amount of C$0.0125 per share each quarter, for a total of C$0.05 for the calendar year, with the ability to increase the dividend amount based on the Group's cash reserves at the end of each quarter Proposed dividend timetable:EventDateEx-Dividend dateJanuary 23rd 2026Record dateJanuary 23rd 2026Last day for currency electionJanuary 30th 2026Date of exchange rate used for Pounds SterlingFebruary 2nd 2026Announcement of exchange rate in Foreign Designated CurrenciesFebruary 2nd 2026Payment dateFebruary 13th 2026 FY 2026 Outlook a...