• Segilola produced 22,617 ounces of gold in Q3 2025, up 12% year-on-year.
• Year-to-date output reached 68,191 ounces, aligning with Thor Explorations’ 2025 target of 85,000–95,000 ounces.
• Thor CEO Segun Lawson said the mine remains on track to meet both production and cost guidance for 2025.

Thor Explorations Ltd. reported that gold production at Nigeria’s Segilola mine increased by 12% year-on-year in the third quarter of 2025, reaching 22,617 ounces. The figure compares with 20,110 ounces produced during the same period last year, according to the company’s operational update released on October 14.

The Segilola mine, Nigeria’s only active industrial-scale gold operation, continues to deliver consistent results in line with Thor’s annual plan. The mine has now produced a total of 68,191 ounces in 2025, up from a cumulative 45,574 ounces recorded in the first half of the year.

Thor Explorations said the latest performance supports its annual production guidance of between 85,000 and 95,000 ounces for 2025. The upper end of this range would surpass the 85,057 ounces achieved in 2024.

“I am pleased to report another quarter of strong operational performance,” said Thor’s President and CEO Segun Lawson. “We remain firmly on track to achieve our 2025 production and cost targets.”

This article was initially published in French by Aurel Sèdjro Houenou

Adapted in English by Ange Jason Quenum