Theta Gold Mines Ltd. ( (AU:TGM) ) just unveiled an announcement.
Theta Gold Mines Limited announced that Pensworth Holdings Limited, a significant investor, has exercised 30 million unlisted options into fully paid ordinary shares, raising AU$3.6 million. This capital will be used to advance the TGME Gold Mine Project in South Africa, including mine design and plant engineering development. The move signifies strong investor confidence in Theta Gold’s operations and supports its strategic focus on expanding its gold production capabilities in the region.
More about Theta Gold Mines Ltd.
Theta Gold Mines Limited is a gold development company with a portfolio of gold assets located in a renowned South African gold mining region. The company focuses on several surface and near-surface high-grade gold projects, which offer cost advantages over other producers in the area. Its core project is situated near Pilgrim’s Rest in Mpumalanga Province, and it aims to establish a robust production platform over the next five years, primarily through shallow mining operations.
YTD Price Performance: -56.25%
Average Trading Volume: 6,203
Technical Sentiment Signal: Buy
Current Market Cap: $82.89M
See more data about TGM stock on TipRanks’ Stock Analysis page.