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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Thor Explorations
Thor Explorations (THX) investor relations material
Thor Explorations Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary5 Nov, 2026
Executive summary
Q3 2026 gold sales were 19,000 oz at an average US$4,280/oz, generating US$81.3m revenue, US$56.9m EBITDA and US$47.3m net profit.
Operations include producing Segilola in Nigeria and development and exploration projects in Senegal and Côte d’Ivoire.
Financial highlights
Revenue was US$81.3m vs. US$69.9m in Q3 2025; net profit was US$47.3m vs. US$43.1m, and EBITDA was US$56.9m vs. US$51.4m.
Q3 cash operating cost was US$754/oz sold and AISC was US$993/oz sold.
Adjusted net cash was US$236.6m; period-end net cash was also reported at US$236.7m, with bullion inventory of 2,825 oz.
Outlook and guidance
FY2026 production guidance was reduced from 75,000–85,000 oz to 70,000–72,000 oz after severe rainfall disrupted mining; AISC guidance remains US$1,000–US$1,200/oz.
Priorities include Segilola mine-life extension through underground and near-mine resources, Douta permitting and targeted construction commencement in H2 2026.
Douta Mineral Resource Estimate and Segilola drilling results were targeted for Q4 2026; exploration will advance across Nigeria, Senegal and Côte d’Ivoire.
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Latest events from Thor Explorations
- Record H1 financials, strong margins, and major project milestones with robust exploration.THX
Q2 2026 - Q1 2026 saw record revenue, robust cash, and 100% Douta ownership, supporting a strong outlook.THXQ1 2026
- Strong 2025 financials and advancing West African gold projects drive growth and exploration.THXCorporate presentation
- Record gold output, rising cash, and ongoing exploration drive growth across West Africa.THXQ4 2025
- Record financial results and robust Douta PFS drive growth, with major projects advancing.THXStudy result
- Record Q3 profit, strong cash, and full Douta ownership with robust gold output and exploration.THXQ3 2025
- Record cash flow and exploration success drive growth, dividends, and resource expansion.THX2025 Precious Metals Summit - Zurich
- Record financial results, strong cash flow, and major exploration milestones drive growth.THXQ2 2025
- Record profit, debt-free, and high-yield dividend drive growth and exploration.THXQ4 2024
Next Thor Explorations earnings date
Q4 20268 Apr, 2027
Thor Explorations
Next Thor Explorations earnings date
Q4 20268 Apr, 2027
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