Update shared on04 Sep 2025
Despite the consensus analyst price target for Thor Explorations holding steady at CA$1.04, the significant rise in its future P/E ratio suggests expectations of lower future earnings growth or higher valuation risk.
What's in the News
- Thor Explorations reported strong initial drilling results from its maiden campaign at the 100%-owned Guitry Gold Project in Côte d'Ivoire, with notable intersections including 14m at 2.59g/t Au from surface, 4m at 6.87g/t Au from 38m, 5m at 12.65g/t Au from 69m, and 17m at 2.16g/t Au from surface.
- The company plans infill and step-out drilling at Krakouadiokro and will commence drilling on multiple geochemical anomalies at both the Krakouadiokro and Gbaloukro Prospects.
- Thor announced further positive results from advanced diamond drilling at the Segilola Gold Mine, targeting mineralisation beneath the open pit, with key intercepts such as 4.2m at 12.4g/t Au from 295m and 2m at 17.86g/t Au from 195.5m.
- The Segilola drilling campaign aims to extend mine life, following mineralisation down-plunge to the south; total drilling to date is 60 holes for 16,520m.
- Thor Explorations reaffirmed 2025 production guidance of 85,000–95,000 ounces of gold, with AISC guidance of $800–$1,000 per ounce.
Valuation Changes
Summary of Valuation Changes for Thor Explorations
- The Consensus Analyst Price Target remained effectively unchanged, at CA$1.04.
- The Future P/E for Thor Explorations has significantly risen from 9.24x to 12.60x.
- The Discount Rate for Thor Explorations remained effectively unchanged, moving only marginally from 6.46% to 6.44%.
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