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An update from Theta Gold Mines ( (AU:TGM) ) is now available.
Theta Gold Mines Limited has entered into a non-binding funding agreement with Nebari Partners, LLC for a US$80 million senior secured loan facility. This funding will enable the company to complete the construction and commissioning of its TGME Gold Mine Project, with the first gold pour expected in Q1 2027. The facility offers flexibility in funding drawdowns and includes a five-year term, with interest and repayment terms designed to support the project’s development. This agreement marks a significant milestone for Theta Gold, providing full funding for its project and instilling confidence in its management and operations.
More about Theta Gold Mines
Theta Gold Mines Limited is a company operating in the gold mining industry, primarily focused on developing and commissioning its gold mining projects in South Africa’s Eastern Transvaal Goldfields. The company’s primary product is gold, and it aims to achieve significant production milestones in the coming years.
YTD Price Performance: 5.56%
Average Trading Volume: 1,107,939
Technical Sentiment Signal: Buy
Current Market Cap: A$198.8M
See more data about TGM stock on TipRanks’ Stock Analysis page.