Thor Explorations delivers record first-half profit as strong gold price drives earnings

Thor Explorations reported record first-half 2026 results, with stronger gold prices lifting revenue, EBITDA and net profit despite relatively steady production. Revenue rose to US$151.9 million, EBITDA to US$108.4 million and net profit to US$95.5 million, while adjusted net cash reached US$218.6 million. At Segilola in Nigeria, the company maintained solid operating performance and is pursuing underground potential to extend mine life. Exploration is also advancing in Senegal and Côte d’Ivoire, supporting future resource growth. The update is supportive for the stock and broader gold sector because earnings are being leveraged by high gold prices and low costs, while the company retains guidance and significant cash generation.