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Theta Gold Mines ( (AU:TGM) ) has provided an update.
Theta Gold Mines Limited has secured a US$35 million loan facility from the Industrial Development Corporation of South Africa to fund its TGME Underground Gold Mine Project. This funding marks a significant milestone, demonstrating confidence in the project’s economic viability and aligning with IDC’s sustainable growth objectives. The loan is part of a broader financing strategy, with further lender discussions ongoing, and it supports the company’s efforts to advance the project’s development and construction.
More about Theta Gold Mines
Theta Gold Mines Limited is a company operating in the mining industry, primarily focused on gold mining projects. The company is engaged in the development of the TGME Underground Gold Mine Project in South Africa, aiming to enhance its market position in the gold mining sector.
Average Trading Volume: 82,042
Technical Sentiment Signal: Sell
Current Market Cap: A$123.1M
For an in-depth examination of TGM stock, go to TipRanks’ Stock Analysis page.