A strong gold price coupled with steady production and decent cost discipline at its Segilola mine in Nigeria saw Thor deliver record quarterly net profit and double its cash position in Q1 2025. The quarterly results are tracking our full-year estimates, and with gold currently trading c.15% above our 2025 assumption we see potential for further growth as the year progresses and possible upside to both our estimates and valuation, which we will review at mid-year. The strong cash-flowing perfor ....
