Thor Explorations Moves Toward Multi-Asset Growth, Broker Initiates 'Buy' Rating
Thor Explorations is transitioning toward becoming a multi-asset producer, according to Shore Capital, which initiated coverage with a 'buy' rating and a 125p price target. The broker cited progress at the Douta gold project in Senegal and strong cash generation from the Segilola mine in Nigeria, with the Douta project expected to enter production in 2028 and deliver significant returns.
Topics: financial analysis gold mining investment outlook project development stock rating