Thor Explorations Ltd V.THX

Alternate Symbol(s): THXPF

Metals & Mining Gold

Thor Explorations Ltd. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, development and production of mineral properties located in Nigeria, Senegal and Burkina Faso. It holds a 100% interest in the Segilola Gold Project located in Osun State, Nigeria and has a 70% economic interest in the Douta Gold Project located in south-eastern Senegal. The Company’s flagship project is the gold producing Segilola Gold Project located in Osun State, Nigeria, approximately 120 kilometers (km) northeast of Lagos. The Douta Gold Project is a gold exploration permit, E02038, which covers an area of approximately 58 square kilometers (km2) and is located within the Kenieba inlier, eastern Senegal. The Company also owns approximately 85% interest in the Douta-West Licence which lies contiguous to the Douta Gold Project and over 80% interest in the Sofita Licence located approximately 20 kilometers (kms) south of the Douta Gold Project.

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Thor Explorations Ltd > Bids building on Level II

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Comment by ABDPhilon Mar 03, 2022 7:57am

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Post# 34478194

RE:RE:RE:RE:Bids building on Level II

Indeed, the next financial results of Thor will give more precise indications on its capacity to generate profits. The cost of debt, which may include royalties, is an important parameter because it can negatively affect results on a recurring basis. Regarding operating costs, it will be necessary to see at what level they are established and how they can be improved. Operational efficiency is not achieved in the first quarter.

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