The significant increase in Thor Explorations’ future P/E suggests heightened earnings growth expectations or a re-rating of its valuation multiples, driving the consensus analyst price target up from CA$1.04 to CA$1.21.
What's in the News
- Thor Explorations agreed to acquire International Mining Company SARL's remaining 30% stake in the Douta Gold Project in Senegal, increasing its ownership to 100% for USD 3 million and a 1.5% capped NSR, pending final approval.
- Initial drilling at the 100%-owned Guitry Gold Project in Cote d'Ivoire revealed significant gold intercepts, including 14m at 2.59g/t Au and 17m at 2.16g/t Au, with further drilling planned at Krakouadiokro and Gbaloukro prospects.
- Advanced diamond drilling at the Segilola Gold Mine continues to deliver high-grade results beneath the current open pit, supporting potential mine life extension with notable intersections such as 4.2m at 12.4g/t Au and 2m at 17.86g/t Au.
- 2025 production guidance is maintained at 85,000–95,000 oz of gold with an all-in sustaining cost of $800–$1,000 per ounce.
Valuation Changes
Summary of Valuation Changes for Thor Explorations
- The Consensus Analyst Price Target has significantly risen from CA$1.04 to CA$1.21.
- The Future P/E for Thor Explorations has significantly risen from 9.26x to 14.70x.
- The Discount Rate for Thor Explorations remained effectively unchanged, moving only marginally from 6.44% to 6.52%.
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