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Thor Explorations Reports $81.7 Million in Q3 Revenue and Maintains Dividend

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THXCA$1.11 −1.77%

Thor Explorations Ltd. (THX) generated approximately $81.7 million in revenue during the third quarter after selling 19,000 ounces of gold. The miner produced 15,515 ounces of gold during the three-month period and maintained its quarterly dividend at C$0.0125 per share, scheduled for payment on November 13, 2026.

The operational results show gold sales outpacing quarterly production volumes, helping strengthen the company's balance sheet. Thor Explorations ended the period holding $224.6 million in cash alongside 2,825 ounces of gold bullion, providing liquidity to fund ongoing business operations and future mining development.

Investors will look for further updates regarding the Douta Mining Convention, which remains in progress as a key milestone before reaching a final investment decision. Clearer year-over-year production and cost comparisons will also serve as important indicators for future operational growth.

Key points

  • Thor Explorations reported third-quarter revenue of approximately $81.7 million.
  • Gold sales reached 19,000 ounces in Q3, exceeding production of 15,515 ounces.
  • The company held $224.6 million in cash and 2,825 ounces of bullion at quarter end.
  • The quarterly dividend was maintained at C$0.0125 per share, payable on November 13, 2026.
  • Negotiations for the Douta mining convention are underway ahead of a final investment decision.

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Questions and answers

What was Thor Explorations Q3 revenue and gold production?

Thor Explorations reported approximately $81.7 million in third-quarter revenue. The company produced 15,515 ounces of gold and sold 19,000 ounces during the period.

What is the Thor Explorations Q3 dividend payment date?

Thor Explorations maintained its quarterly dividend at C$0.0125 per share. The dividend will be paid to shareholders on November 13, 2026.

How much cash does Thor Explorations hold?

Thor Explorations ended the third quarter with $224.6 million in cash and 2,825 ounces of gold bullion.