Thor Explorations Second Quarter 2024 Earnings: EPS: US$0.042 (vs US$0.012 in 2Q 2023)

Thor Explorations (CVE:THX) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$53.9m (up 30% from 2Q 2023).
• Net income: US$27.5m (up 248% from 2Q 2023).
• Profit margin: 51% (up from 19% in 2Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: US$0.042 (up from US$0.012 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Thor Explorations Earnings Insights

Looking ahead, revenue is expected to decline by 8.3% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 16%.

Performance of the Canadian Metals and Mining industry.

The company's shares are up 16% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Thor Explorations' balance sheet.

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