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Theta Gold Mines Limited (ASX:TGM)

ALERT: Price-sensitive ASX Announcement for TGM
Current share price for TGM : $0.185 0.005 (2.78%)+
Announcement
Release
31 Jul 2026 9:34AM
Price at Release
$0.180
Full Release
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Summary
Theta Gold Mines Limited reported on its activities for the quarter ended 30 June 2026, highlighting significant progress at its TGME Gold Project in South Africa. The company secured a US$90 million bond issue facility and raised an additional US$18.6 million in equity funding. Construction is advancing with key contracts executed and infrastructure progressing. The project is on budget with an expected first gold production in 2027. As of 30 June 2026, the cash position was US$13.3 million. The company remains focused on meeting its development milestones and strengthening its financial position.
Key Points
  • Theta Gold Mines secured US$90 million bond issue.
  • Raised US$18.6 million in equity funding.
  • TGME Gold Project construction progressing well.
  • First gold production expected in 2027.
  • Cash position as of 30 June 2026 was US$13.3 million.
  • Advancements in civil works, plant construction, and infrastructure.
  • Project remains on budget and on schedule.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.