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The latest update is out from Theta Gold Mines ( (AU:TGM) ).
Theta Gold Mines has issued 44,029,575 fully paid ordinary shares and 10,000,000 unlisted options to its convertible lenders, following their agreement to convert approximately A$7.8 million of outstanding principal and interest into equity. The shares were issued at a 15% discount to the recent 10-day volume-weighted average price, while the new options carry an exercise price of A$0.32 and an 18‑month term, all previously approved by shareholders at the 2025 AGM, meaning the transaction does not draw on the company’s placement capacity and strengthens its balance sheet by reducing debt obligations.
The most recent analyst rating on (AU:TGM) stock is a Sell with a A$0.20 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 Limited is an Australian-listed mining company focused on gold exploration and development. The company is advancing its gold projects with a view to expanding production and leveraging investor interest in the precious metals sector.
Average Trading Volume: 923,852
Technical Sentiment Signal: Buy
Current Market Cap: A$240.7M
For detailed information about TGM stock, go to TipRanks’ Stock Analysis page.