Thor Explorations Ltd. (THX) Financings
TSXV: THX · Gold · Production stage
- Market cap$666.6M
- Share price$1.00
- 52-week range$0.960 – $1.93
- Shares outstanding666,573,136
- ExchangeTSXV
- Websitethorexpl.com
Thor Explorations Ltd. is a mineral exploration company engaged in the acquisition, exploration, development and production of mineral properties located in Nigeria, Senegal and Côte d'Ivoire. Thor Explorations 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. Thor Explorations trades on AIM and the TSX Venture Exchange under the symbol 'THX'.
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Thor Explorations Ltd. financial statements
Key figures read from 40 of 43 financial statement filings, Nov 28, 2016 to Aug 10, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| Dec 2025 thousands | Dec 2024 thousands | Dec 2023 thousands | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$137,750 | US$137,750 | US$12,040 | US$6,688,037 | C$1,621,927 |
| Total current assets | US$186,665 | US$186,665 | US$57,705 | US$37,286,664 | C$30,179,401 |
| Total current liabilities | US$21,913 | US$21,913 | US$70,366 | US$78,806,794 | C$107,428,343 |
| Working capital | US$164,752 | US$164,752 | (US$12,661) | (US$41,520,130) | (C$77,248,942) |
| Property, plant and equipment | US$67,995 | US$67,995 | US$116,010 | US$149,513,917 | C$187,236,870 |
| Total assets | US$407,082 | US$407,082 | US$279,072 | US$223,251,813 | C$263,222,716 |
| Debt | US$0 | US$0 | US$860 | US$28,142,654 | C$68,328,319 |
| Total liabilities | US$27,075 | US$27,075 | US$77,819 | — | — |
| Shareholders' equity | US$380,007 | US$380,007 | US$201,253 | US$86,781,439 | C$75,173,001 |
Income statement: annual key figures
Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 thousands | FY Dec 2024 thousands | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | US$325,480 | US$193,130 | US$141,245,328 | US$165,174,531 | C$7,815,621 |
| Cost of sales | (US$110,316) | US$80,946 | (US$101,435,510) | (US$106,335,474) | (C$5,254,441) |
| General and administrative | — | — | — | — | (C$4,274,442) |
| Share-based compensation | — | — | — | — | C$0 |
| Impairments and write-downs | — | — | — | — | C$0 |
| Net income (loss) | (US$575) | (US$3,976) | US$10,869,446 | US$25,398,941 | (C$2,511,656) |
Cash flow statement: annual key figures
Each column is in the units its statement was printed in, shown under the date. Losses and cash outflows are in brackets.
| FY Dec 2025 thousands | FY Dec 2024 thousands | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | US$185,665 | US$61,761 | US$63,837,783 | US$84,388,507 | (C$22,360,715) |
| Investing cash flow | (US$27,605) | (US$12,866) | (US$37,838,419) | (US$30,553,701) | — |
| Financing cash flow | (US$32,254) | (US$44,701) | (US$25,067,047) | (US$48,431,478) | — |
| Exploration spending (capitalized) | — | — | (US$9,409,107) | (US$5,366,778) | — |
| Property, plant and equipment spending | (US$4,977) | (US$4,016) | (US$28,288,346) | (US$26,754,964) | — |
| Proceeds from share issues | — | — | — | US$0 | — |
| Change in cash | US$125,710 | US$4,200 | US$1,151,720 | US$5,411,767 | (C$26,639,625) |
| Cash at end of period | US$137,750 | US$12,040 | US$7,839,757 | US$6,688,037 | C$1,621,927 |
No financings are on record for Thor Explorations Ltd. yet.
Thor Explorations Ltd. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Thor Explorations Ltd. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2020-04-29 | Credit facility, repaid / settled | — | C$5.64M | — |