Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) told investors it expects to release the results of the Preliminary Feasibility Study for its Douta gold project in Senegal on 26 January.
The company, last month, reported higher production and stronger financial results for the third quarter of 2025, supported by improved throughput at its Segilola gold mine in Nigeria.
It sold 19,650 ounces of gold at an average price of $3,535 per ounce, generating revenue of $69.9 million and a net profit of $43.1 million.
Operationally, Thor poured 22,617 ounces during the period, with process plant recovery averaging 94.3%.
The group continued mine-life extension drilling at Segilola and progressed near-mine, underground and regional exploration programmes.
Its ore stockpile increased to 44,069 ounces, offering the company flexibility in future processing schedules.