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The latest announcement is out from Theta Gold Mines ( (AU:TGM) ).
Theta Gold Mines reported strong progress for the quarter to 31 December 2025 at its TGME Gold Project in South Africa, highlighting that construction is advancing on schedule and within budget and that first gold production remains targeted for the fourth quarter of 2026. Key developments included continued bulk earthworks and civil works, completion of major excavations and concrete foundations, and confirmation that all engineering inspections and concrete strength tests met project specifications, underpinning project quality and integrity. The company bolstered its financial capacity by securing approximately A$60.7 million in a mix of equity and debt and progressing a broader debt syndication, including a non‑binding agreement for US$80 million with Nebari Partners to cover construction capital costs. Strategically, TGM placed long‑lead orders for critical plant equipment, notably a dual Titan GDM3065 900kW ball mill circuit and other processing infrastructure from nearby South African manufacturers, which is expected to support rapid build-out and reduce logistical risk, while its growing workforce—sourced largely from local communities—signals meaningful regional economic impact with more than 500 jobs anticipated at full production.
The most recent analyst rating on (AU:TGM) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Theta Gold Mines stock, see the AU:TGM Stock Forecast page.
More about Theta Gold Mines
Theta Gold Mines is an Australia-listed gold developer focused on transforming the historic Transvaal Gold Mining Estates (TGME) in South Africa into a modern producing operation. The company is advancing the TGME Gold Project with a strategy centred on constructing a new gold plant, deploying locally manufactured processing equipment and creating significant employment opportunities for surrounding communities as it positions itself as South Africa’s next emerging gold producer.
Average Trading Volume: 953,409
Technical Sentiment Signal: Buy
Current Market Cap: A$240.7M
For a thorough assessment of TGM stock, go to TipRanks’ Stock Analysis page.