Why Thor Explorations (TSXV:THX) Is Up 7.8% After Bonus Dividend And 2026 Outlook Update

• Thor Explorations Ltd. recently confirmed a fourth-quarter dividend of C$0.0125 per share and announced an additional bonus dividend of C$0.015 per share, taking the total payout to C$0.0275 per share, alongside detailed timelines for currency elections and payment on February 13, 2026.
• On the same day, the company reported year-over-year growth in ore mined and gold recovered in the fourth quarter of 2025 and released 2026 production and cost guidance, giving investors a clearer picture of its operational profile.
• We will now examine how the combination of the bonus dividend and improved gold recovery shapes Thor Explorations’ investment narrative.

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What Is Thor Explorations’ Investment Narrative?

To own Thor Explorations, you need to believe in its ability to keep converting the Segilola mine and its West African exploration pipeline into sustained cash generation, while managing the inherent volatility of gold prices and operating in higher risk jurisdictions. The latest Q4 2025 update reinforces that story: higher ore mined and improved gold recovery show the asset working hard, while the new 2026 guidance gives a clearer near term operating frame. The confirmed regular dividend plus the C$0.015 bonus dividend underline that management is comfortable returning cash, which may modestly strengthen the short term catalyst around capital returns. At the same time, guidance for higher 2026 all in sustaining costs, alongside forecast revenue and earnings declines, keeps cost control, mine life and exploration success very much at the center of the risk discussion.

However, investors should be aware of how rising costs could pressure future returns.

Thor Explorations’ shares have been on the rise but are still potentially undervalued by 26%. Find out what it’s worth.

Exploring Other Perspectives

Nine Simply Wall St Community fair value estimates span from C$0.19 to C$32, underlining how far views can diverge. Set that against Thor’s higher cost guidance and dividend focus, and you can see why comparing multiple perspectives matters for judging how sustainable today’s performance really is.

Explore 9 other fair value estimates on Thor Explorations – why the stock might be a potential multi-bagger!

Build Your Own Thor Explorations Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes – extraordinary investment returns rarely come from following the herd.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

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