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Theta Gold Mines
(Sydney:TGM)
Theta Gold Mines (TGM) vs. iShares MSCI Australia ETF (EWA)
Theta Gold Mines Business Overview & Revenue Model
Theta Gold Mines Financial Statement Overview
| Breakdown | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -116.00K | -1.15M | -605.36K | 306.98K |
| EBITDA | -4.47M | -3.58M | -4.66M | -5.11M | -3.52M |
| Net Income | -6.89M | -6.39M | -10.45M | -10.53M | -4.37M |
Balance Sheet | |||||
| Total Assets | 29.31M | 23.80M | 29.45M | 28.87M | 19.37M |
| Cash, Cash Equivalents and Short-Term Investments | 5.62M | 2.59M | 2.88M | 31.99K | 200.01K |
| Total Debt | 15.41M | 17.74M | 20.07M | 17.31M | 7.34M |
| Total Liabilities | 24.16M | 25.92M | 30.48M | 21.87M | 10.68M |
| Stockholders Equity | 5.15M | -2.12M | -1.03M | 7.01M | 8.69M |
Cash Flow | |||||
| Free Cash Flow | -4.81M | -6.18M | -5.61M | -10.69M | -6.25M |
| Operating Cash Flow | -2.48M | -4.45M | -4.16M | -6.44M | -4.04M |
| Investing Cash Flow | -2.54M | -2.59M | -786.44K | -5.07M | -2.15M |
| Financing Cash Flow | 8.05M | 7.71M | 7.77M | 11.27M | 6.20M |
Theta Gold Mines Technical Analysis
Theta Gold Mines Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | AU$147.88M | 7.84 | 13.04% | 4.01% | 24.48% | 97.18% | |
64 Neutral | AU$1.05B | 1.81 | 22.29% | ― | 117.95% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$248.75M | -4.84 | -43.66% | ― | 46.74% | -47.98% | |
52 Neutral | AU$457.49M | 5.17 | -20.84% | ― | 11.43% | -238.93% | |
49 Neutral | AU$277.62M | -11.10 | -454.45% | ― | ― | 15.86% | |
47 Neutral | AU$276.91M | -6.76 | ― | ― | ― | ― |
Theta Gold Mines Corporate Events
Theta Gold Mines has released a revised feasibility study for its TGME Gold Mine Project that significantly boosts projected economics, confirming a 13.1-year mine life and forecast post-tax free cash flow of A$1.4 billion from a 6.1-million-ounce gold resource. The updated study outlines first production in Q1 2027, peak annual output above 115,000 ounces and a base-case plan to recover 871,000 ounces at an all-in sustaining cost of A$1,787 per ounce, delivering a post-tax NPV (10%) of A$689 million and a 77% post-tax IRR on peak development capital of A$116 million, reflecting a substantial uplift from the 2022 feasibility metrics driven primarily by higher assumed gold prices and the ability to profitably mine lower-grade ore, thereby reinforcing TGME’s status as a high-margin, long-life operation with strong leverage to gold price movements.
The most recent analyst rating on (AU:TGM) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Theta Gold Mines stock, see the AU:TGM Stock Forecast page.
Theta Gold Mines reported strong progress for the quarter to 31 December 2025 at its TGME Gold Project in South Africa, highlighting that construction is advancing on schedule and within budget and that first gold production remains targeted for the fourth quarter of 2026. Key developments included continued bulk earthworks and civil works, completion of major excavations and concrete foundations, and confirmation that all engineering inspections and concrete strength tests met project specifications, underpinning project quality and integrity. The company bolstered its financial capacity by securing approximately A$60.7 million in a mix of equity and debt and progressing a broader debt syndication, including a non‑binding agreement for US$80 million with Nebari Partners to cover construction capital costs. Strategically, TGM placed long‑lead orders for critical plant equipment, notably a dual Titan GDM3065 900kW ball mill circuit and other processing infrastructure from nearby South African manufacturers, which is expected to support rapid build-out and reduce logistical risk, while its growing workforce—sourced largely from local communities—signals meaningful regional economic impact with more than 500 jobs anticipated at full production.
The most recent analyst rating on (AU:TGM) stock is a Hold with a A$0.23 price target. To see the full list of analyst forecasts on Theta Gold Mines stock, see the AU:TGM Stock Forecast page.
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.
Theta Gold Mines Limited has announced a change in the director’s interest, specifically involving Guyang (Brett) Tang, who has acquired additional performance rights and unlisted options. This change, approved at a recent general meeting, reflects the company’s ongoing efforts to align its leadership’s interests with its strategic goals, potentially impacting its operational dynamics and stakeholder relations.
Theta Gold Mines Limited has announced a change in the director’s interest, specifically regarding the securities held by Charles William Guy. The change involves the issuance of options and performance rights, approved by shareholders at a recent general meeting. This adjustment in securities holdings reflects strategic decisions aimed at aligning the interests of the director with the company’s growth objectives, potentially impacting the company’s operational strategies and stakeholder interests.
Theta Gold Mines Limited has announced a change in the director’s interest, specifically involving Bill Richie Yang. The update includes the issuance of options and performance rights, which were approved at a recent general meeting. This change in securities holdings could impact the company’s governance and strategic direction, reflecting a potential shift in focus or priorities for the stakeholders involved.
Theta Gold Mines Limited announced a change in the director’s interest, with Hansjoerg Plaggemars acquiring additional performance rights and unlisted options. This update reflects the company’s ongoing strategic adjustments and may impact its operational dynamics and stakeholder interests as it continues to develop its gold mining projects.
Theta Gold Mines Limited announced a change in the director’s interest, specifically for Byron Karl Lester Dumpleton. The update involves the issuance of new unlisted options and performance rights following shareholder approval, which could potentially impact the company’s stock options and performance rights structure.
Theta Gold Mines Limited has announced the issuance of various unquoted equity securities, including options and performance rights, with different exercise prices and expiry dates ranging from 2027 to 2029. This strategic move is part of an employee incentive scheme and could potentially enhance the company’s operational capabilities and market positioning by aligning employee interests with company growth.
Theta Gold Mines Limited has issued 40,950,000 options and 25,750,000 performance rights to its directors and employees as part of its remuneration and incentive framework. This initiative aims to align the interests of the company’s leadership with shareholders and reward the achievement of key performance indicators, contributing to both short-term and long-term success.
Theta Gold Mines Limited has achieved a significant milestone in its TGME Gold Project by securing long-lead metallurgical circuit equipment from South African firms Kemix and MIP Industries. This procurement ensures the deployment of world-class technology, aligning with the project’s schedule for commissioning by the end of 2026. The project is expected to create over 500 jobs and contribute to community upliftment, reinforcing Theta Gold’s commitment to operational excellence and regional development.
Theta Gold Mines Limited announced a change in the director’s interest, with Byron Karl Lester Dumpleton acquiring additional securities, including 142,857 fully paid ordinary shares and 60,023 listed options. This acquisition was made through a Share Purchase Plan, reflecting the company’s ongoing efforts to strengthen its financial position and align management interests with shareholder value.
Theta Gold Mines Limited has announced the allotment of bonus options from its Share Purchase Plan (SPP) and placement, indicating a strategic move to enhance shareholder value. The distribution of these options, with significant holdings by major nominees like Citicorp and HSBC, underscores the company’s efforts to strengthen its market position and potentially increase its appeal to investors.
Theta Gold Mines Limited has announced the issuance of 24,249,647 listed options with an exercise price of $0.32 and an expiry date of June 1, 2027. This move is part of their strategy to raise capital and enhance their financial flexibility, potentially impacting their operational capabilities and market positioning positively.
Theta Gold Mines Limited announced that all resolutions proposed at its 2025 Annual General Meeting were passed unanimously, reflecting strong shareholder support. This outcome is significant for the company as it indicates a stable and supportive shareholder base, which may positively impact its strategic initiatives and industry positioning.
Theta Gold Mines Limited has announced significant progress on its TGME Gold Project, with earthworks and civil engineering packages advancing on schedule and within budget. The completion of bulk excavations and the construction of concrete retaining walls mark major milestones toward the plant’s build, with the project on track for commissioning by the end of 2026. The project is expected to drive local employment and economic uplift, with plans for over 500 jobs at full production, supported by AI-driven training.
Theta Gold Mines Limited has announced the issuance of 571,425 fully paid ordinary shares through a Share Purchase Plan, raising A$120,000. Additionally, the company has issued 30,000,000 unlisted options to Golden Asian Investment Group Limited and High Gift Investment Limited, which could potentially impact the company’s financial structure and shareholder base.
Theta Gold Mines Limited announced the issuance of 30 million unlisted options with varying exercise prices and an expiry date of May 25, 2027. This strategic move is part of a previously announced transaction, potentially enhancing the company’s financial flexibility and supporting its growth plans in the competitive gold mining sector.
Theta Gold Mines Limited has announced the application for quotation of 571,425 ordinary fully paid securities on the Australian Securities Exchange (ASX), with the issue date being November 24, 2025. This move is part of previously announced transactions and could potentially enhance the company’s liquidity and investor base, impacting its financial operations and market presence positively.
Theta Gold Mines Limited has successfully completed its Share Purchase Plan (SPP), issuing 571,425 new fully paid ordinary shares at $0.21 per share. These shares will begin trading on the ASX and will rank equally with existing shares. Additionally, the company has issued 30,000,000 unlisted options to Golden Asia Investment Group Limited and High Gift Investment Ltd as compensation for long-term financial support, allowing the company to proceed with project contracts. These options are issued in three tranches with varying exercise prices and expiry dates, providing flexibility for investors.
Theta Gold Mines Limited has successfully completed its Share Purchase Plan (SPP), raising $120,000 before costs, with Non-Executive Director Byron Dumpleton participating with a $30,000 allocation. The company will issue 571,425 fully paid ordinary shares and grant options to eligible shareholders and placement participants, subject to shareholder approval, as part of its strategic efforts to strengthen its financial position and enhance shareholder value.
Theta Gold Mines Limited has announced a General Meeting to approve the issuance of shares as part of the conversion of convertible loans to three entities: Deutsche Balaton AG, Aus Agriculture Pty Ltd, and Golden Asia Investment Group Limited. This strategic move is aimed at strengthening the company’s financial position and supporting its ongoing projects, potentially enhancing its market presence and stakeholder value.
Theta Gold Mines Limited has announced a General Meeting for its shareholders, scheduled for December 11, 2025, in Sydney. The meeting will address important company matters, and shareholders are encouraged to participate by voting online by December 9, 2025. This announcement underscores the company’s commitment to engaging with its stakeholders and ensuring transparency in its operations.