Segilola performed broadly as we expected across Q1 2024, keeping the operation firmly on course to meet Thor’s full-year guidance and our estimates. In a strong gold bull market and with the balance sheet now debt free, this should see a huge increase in Segilola’s cash flow in 2025, supporting Thor’s recently introduced dividend policy and a significant step up in its exploration spend. The latter aims to deliver mine life extension at Segilola in Nigeria, resource growth and subsequent optimi ....
