Theta Gold Mines Limited
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Charles William Guy
- Sector
- Basic Materials
- Industry
- Gold
- Address
- International Tower One Sydney NSW Australia 2000
- IPO Date
- Jan 8, 2021
- Website
- thetagoldmines.com
- Similar Companies
- Business
- Theta Gold Mines Limited, an Australian-listed gold exploration and development company founded in 2008 and headquartered in Sydney, holds a 74% interest in the Transvaal Gold Mining Estates (TGME) project near Pilgrim's Rest in Mpumalanga Province, South Africa; the project encompasses over 62,000 hectares of mining rights across the Eastern Transvaal Gold Fields, with more than 6.1 million ounces of shallow underground and open-pit gold resources, including 558,000 ounces in Proven and Probable reserves; core assets include an existing plant and tailings storage facility targeted for expansion into a 540,000 tonnes per annum carbon-in-leach processing operation designed to initially produce over 60,000 ounces of gold annually, ramping up to 160,000 ounces via additional mining centers and increased throughput to 960,000 tonnes per annum. The company operates primarily in South Africa's historic gold mining region adjacent to the Bushveld Igneous Complex, serving institutional investors and targeting long-term production from multiple reefs and 43 historical mine sites. Recent developments include a February 2024 $30 million engineering, procurement, and construction contract with Yellow River, a PowerChina subsidiary, for the processing plant; site clearance and bulk earthworks commencement in 2025 supported by civil works funding; a $35 million credit facility with South Africa's Industrial Development Corporation; and October 2025 equity and debt raises totaling up to US$33.9 million, featuring a US$7.9 million placement to sophisticated investors, a US$5 million cornerstone investment from Cong Yu Company and Moonx Intelligence, and deals with Golden Asia Investment Group and High Gift Investments via option issuances, advancing construction toward producer status in early 2027.
Reviewing Theta Gold Mines (OTCMKTS:TGMGF) & Triple Flag Precious Metals (NYSE:TFPM)
Theta Gold Mines extends TGME Underground Project DFS to include Rietfontein Mine
Theta Gold Mines signifies intention to takeover Focus Minerals
Theta Gold Mines completes “critical de-risking event” with trial mining success at TGME Gold Project
Theta Gold MInes strengthens board with appointment of mining industry veteran as director
Theta Gold Mines begins trial mining at Frankfort underground gold mine
Theta Gold Mines continues permitting activities toward trial mining at TGME
Theta Gold Mines begins TGME Underground Mine development work
Theta Gold Mines set to be key player in South African mining with development strategy for Eastern Transvaal Gold Fields
Theta Gold Mines has busy work program to drive TGME Underground Project to gold production
Theta Gold Mines secures more than $10 million in new funding package to acclerate TGME Gold Project development
Theta Gold Mines is in trading halt ahead of a funding announcement
Theta Gold Mines advances development as it gears up for TGME Underground Project mining
Theta Gold Mines non-executive chairman outlines growing South African gold story at Proactive webinar
Theta Gold Mines non-executive chairman outlines growing South African gold story at Proactive Gold Webinar
Proactive to host Gold Webinar on Tuesday, May 11, showcasing three companies on road to gold production
Theta Gold Mines set to be key player in the South African mining industry with TGME Underground Project
Theta Gold Mines underground pre-feasibility study shows extensive high-grade reef systems can be mined economically
Theta Gold Mines higher on delivering maiden 490,000-ounce underground high-grade gold reserve
Theta Gold Mines in trading halt with maiden underground mining reserve news pending