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An update from Theta Gold Mines ( (AU:TGM) ) is now available.
Theta Gold Mines has signed a manufacturing contract with NMS Africa for a three-stage crushing and screening plant at its TGME Gold Project in South Africa, marking a key step toward first production. The plant is designed to meet initial ore processing needs while providing capacity for future expansion as the project scales.
The equipment, which includes ore feed plus primary, secondary and tertiary crushing and screening circuits, has a 125-day delivery lead time, securing a critical long-lead item for the project schedule. Theta says construction remains on budget, and the TGME plant is on track for commissioning in the fourth quarter of 2026, with first gold expected in the first quarter of 2027, helping to reduce execution risk and underpin early cash flows.
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 is an Australian-listed gold developer focused on advancing its flagship TGME Gold Project in South Africa. The company is progressing from development toward production, targeting near-term gold output and early cash flow from this historically significant mining district.
Average Trading Volume: 952,081
Technical Sentiment Signal: Buy
Current Market Cap: A$254.5M
Learn more about TGM stock on TipRanks’ Stock Analysis page.