Thor Explorations Ltd. (V:THX*CA)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 404 - 119 West Pender Street VANCOUVER BC V6B 1S5 |
| Tel: | N/A |
| Website: | https://www.thorexpl.com |
| IR: | See website |
| Key People | ||
| Olusegun Lawson President, Chief Executive Officer, Director | Chris Omoosagie Chief Financial Officer | Michael Kelly General Manager - Segilola Gold Project |
| Business Overview |
| Thor Explorations Ltd. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, development and production of mineral properties located in Nigeria, Senegal and Burkina Faso. It 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. The Company's flagship project is the gold producing Segilola Gold Project located in Osun State, Nigeria, approximately 120 kilometers (km) northeast of Lagos. The Douta Gold Project is a gold exploration permit, E02038, which covers an area of approximately 58 square kilometers (km2) and is located within the Kenieba inlier, eastern Senegal. The Company also owns approximately 85% interest in the Douta-West Licence which lies contiguous to the Douta Gold Project and over 80% interest in the Sofita Licence located approximately 20 kilometers (kms) south of the Douta Gold Project. |
| Financial Overview |
| For the nine months ended 30 September 2023, Thor Explorations Ltd revenues decreased 3% to $118.2M. Net income decreased 18% to $14.5M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Salaries and benefits increase from $1.2M to $2.9M (expense), Dep of Fin Lease Right-of-Use Assets increase from $51K to $108K (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $211.18M as of Sep 30, 2023 |
| Annual revenue (TTM): | $222.30M as of Sep 30, 2023 |
| EBITDA (TTM): | $117.86M as of Sep 30, 2023 |
| Net annual income (TTM): | $40.56M as of Sep 30, 2023 |
| Free cash flow (TTM): | $48.73M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $43.85M as of Sep 30, 2023 |
| Shares outstanding: | 655,101,952 as of Feb 22, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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