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Theta Gold Mines Issues Shares Following Performance Rights Conversion

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Theta Gold Mines Issues Shares Following Performance Rights Conversion

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Theta Gold Mines ( (AU:TGM) ) has shared an update.

Theta Gold Mines Limited has issued 2,750,000 fully paid ordinary shares following the conversion of Performance Rights, as part of its strategic decision to mine at the TGME Gold Mine Project. This move aligns with the company’s ongoing efforts to enhance its operational capacity and strengthen its market position in the gold mining industry, potentially benefiting stakeholders by increasing production capabilities.

More about Theta Gold Mines

Theta Gold Mines Limited is a gold development company with a portfolio of gold assets located in a renowned South African mining region. The company’s core project is near Pilgrim’s Rest in Mpumalanga Province, focusing on constructing a new gold processing plant at the TGME plant. With a feasibility study completed for its TGME Underground Project, Theta Gold aims to build a robust production platform by leveraging shallow mining sources and historical mines. The company holds a significant share in its South African subsidiary, with a commitment to Black Economic Empowerment.

Average Trading Volume: 126,421

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$114.3M

See more data about TGM stock on TipRanks’ Stock Analysis page.

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