Added to YB: 2025-04-16
Pitch date: 2025-04-15
THX.V [bullish]
Thor Explorations Ltd.
Author Info
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Company Info
Thor Explorations Ltd., together with its subsidiaries, operates as a gold producer and explorer. The company also explores for silver deposits.
Market Cap
CAD 262.6M
Pitch Price
N/A
Price Target
1.75
Dividend
N/A
Sector
Metals and Mining
Category
value
Thor Explorations Ltd (TSXV/AIM: THX) – 1–3 Year Investment Thesis
THX.V: West African gold producer w/ 85k oz at $765 AISC (2024). 69% EBITDA margin, 8% dividend yield, debt-free. Exploring at Segilola to extend past 2027 + developing Douta in Senegal (potential 100k oz/yr). Trades at 2.1x EV/EBITDA, 3.2x P/E. PT C$1.75 in base case ($3,200 gold). Nigeria jurisdiction risk.
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