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Theta Gold Mines
(OTC: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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | -116.00K | -1.15M | -605.36K | 306.98K |
| EBITDA | -4.47M | -4.47M | -3.58M | -4.66M | -5.11M | -3.52M |
| Net Income | -6.89M | -6.89M | -6.39M | -10.45M | -10.53M | -4.37M |
Balance Sheet | ||||||
| Total Assets | 29.31M | 29.31M | 23.80M | 29.45M | 28.87M | 19.37M |
| Cash, Cash Equivalents and Short-Term Investments | 5.62M | 5.62M | 2.59M | 2.88M | 31.99K | 200.01K |
| Total Debt | 15.41M | 15.41M | 17.74M | 20.07M | 17.31M | 7.34M |
| Total Liabilities | 24.16M | 24.16M | 25.92M | 30.48M | 21.87M | 10.68M |
| Stockholders Equity | 5.15M | 5.15M | -2.12M | -1.03M | 7.01M | 8.69M |
Cash Flow | ||||||
| Free Cash Flow | 3.30M | -4.81M | -6.18M | -5.61M | -10.69M | -6.25M |
| Operating Cash Flow | 4.87M | -2.48M | -4.45M | -4.16M | -6.44M | -4.04M |
| Investing Cash Flow | -1.77M | -2.54M | -2.59M | -786.44K | -5.07M | -2.15M |
| Financing Cash Flow | 1.09M | 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$147.31M | 11.04 | 13.04% | 4.01% | 24.48% | 97.18% | |
68 Neutral | AU$988.63M | 23.52 | 22.29% | ― | 117.95% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
48 Neutral | AU$371.56M | -25.37 | -20.84% | ― | 11.43% | -238.93% | |
48 Neutral | €260.93M | -5.52 | ― | ― | ― | ― | |
46 Neutral | AU$184.11M | -5.96 | -43.66% | ― | 46.74% | -47.98% | |
45 Neutral | AU$214.54M | -17.21 | -454.45% | ― | ― | 15.86% |
Theta Gold Mines Corporate Events
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.
Theta Gold Mines is advancing the construction of its TGME gold plant by securing two Titan GDM3065 Ball Mills from MechProTech, a South African engineering firm. This strategic acquisition is expected to accelerate construction, reduce costs, and enhance operational flexibility, setting a new standard in mineral processing performance.
Theta Gold Mines Limited has commenced construction activities at its TGME Gold Mine Project, marking a significant step towards gold production. The company has secured substantial funding through equity and debt, which will accelerate earthworks and civil engineering efforts, enhance water management systems, and support local employment, thereby strengthening its position in the gold mining industry.
Theta Gold Mines Limited has announced its 2025 Annual General Meeting, scheduled for November 28, 2025, in Sydney. The agenda includes receiving the financial report for the year ended June 30, 2025, and a resolution on the adoption of the remuneration report. The meeting will address the company’s financial performance and executive remuneration, with implications for shareholder engagement and governance practices.
Theta Gold Mines Limited has announced its 2025 Annual General Meeting (AGM) scheduled for November 28, 2025, in Sydney. Shareholders are encouraged to participate and vote, with proxy voting available online until November 26, 2025. This AGM is a pivotal event for stakeholders to engage with the company’s strategic direction and operational updates.
Theta Gold Mines Limited has issued a prospectus for the offering of Placement Options and SPP Options to participants under specific conditions. This transaction-specific prospectus is a critical document for participants and highlights the speculative nature of the investment. The offering aims to enhance the company’s financial structure, potentially impacting its operational capabilities and market positioning.
Theta Gold Mines Limited has announced a Share Purchase Plan (SPP) offering, allowing eligible shareholders to purchase up to $30,000 of fully paid ordinary shares without incurring brokerage or transaction costs. This initiative is aimed at raising capital and potentially enhancing shareholder value, with the offer closing on November 17, 2025. The SPP is not available to U.S. persons, and the company reserves the right to modify the offer’s terms as needed.
Theta Gold Mines Limited has announced the opening of a Share Purchase Plan (SPP) and an offer of free attaching options under an Options Prospectus. The SPP allows eligible shareholders to purchase shares at $0.21 each, the same price offered in a recent private placement that raised A$12 million. Additionally, shareholders participating in the SPP or the private placement will receive one free attaching option for every 2.38 shares subscribed, exercisable at $0.32 and expiring 18 months after the grant. This initiative is part of the company’s strategy to bolster its capital and enhance shareholder value.
Theta Gold Mines Limited has announced a General Meeting to be held on November 24, 2025, where shareholders will vote on several resolutions. These include the ratification of prior issues of shares and options to Hong Kong Ruihua Green Development Limited, and the issuance of consultant shares to Rena Le Rona Pty Ltd in lieu of cash payment for legal consulting services in South Africa. These moves are part of the company’s strategic initiatives to enhance its financial structure and operational capabilities.
Theta Gold Mines Limited has announced a General Meeting scheduled for November 24, 2025, in Sydney, where shareholders can discuss and vote on company matters. This meeting is a significant event for stakeholders as it provides an opportunity to influence the company’s future direction and operational strategies.
Theta Gold Mines Limited has achieved a significant milestone in its TGME Gold Mine Project, with contractors and heavy equipment fully mobilized on site, allowing for the commencement of bulk earthworks and civil works at the Carbon-in-Leach section. The company is advancing negotiations with equipment suppliers and has strengthened its financial position through recent capital raises, positioning it to complete civil works and advance towards plant commissioning by the end of 2026, with full-scale operations expected to create over 500 jobs.
Theta Gold Mines Limited has announced a proposed issue of securities, which includes a placement of ordinary shares and options. The issuance aims to raise capital to support the company’s operations and strategic initiatives, potentially enhancing its market position and providing value to stakeholders.
Theta Gold Mines Limited has announced that several entities, including 2invest AG and Deutsche Balaton Aktiengesellschaft, have ceased to be substantial holders in the company as of October 14, 2025. This change is due to the dilution from the issuance of new shares, impacting the voting securities and potentially altering the company’s shareholder dynamics.
Theta Gold Mines Limited has issued over 106 million new ordinary shares following an institutional placement and the first tranche of a two-tranche placement to cornerstone investors. This move is part of the company’s strategy to raise capital, potentially strengthening its financial position and enabling further development of its gold projects.
Theta Gold Mines Limited has successfully completed a placement and the first tranche of a two-tranche cornerstone investment, raising a total of US$12.9 million (~A$19.6 million). This funding is part of a larger debt and equity funding initiative aimed at securing up to US$33.9 million (~A$51.4 million) to advance the TGME Gold Mine Project. The completion of this funding round is expected to significantly bolster the company’s financial position and support its strategic objectives in the gold mining sector. The issuance of new shares and options underlines the company’s efforts to attract investment from professional and sophisticated investors, enhancing its market positioning and potential growth opportunities.
Theta Gold Mines Limited has announced a proposed issue of securities, including listed options and ordinary fully paid shares, as part of a securities purchase plan and other placements. This move is expected to enhance the company’s capital structure and support its ongoing development projects, potentially strengthening its position in the gold mining sector.
Theta Gold Mines has secured approximately A$51.4 million in debt and equity funding to advance its TGME Gold Mine Project in South Africa. This funding, sourced from institutional and sophisticated investors, will be used for construction, infrastructure, and equipment purchases, strengthening the company’s balance sheet and supporting project advancement. The announcement reflects strong investor confidence in the project, with the company also planning a share purchase plan for retail shareholders to raise additional funds.
Theta Gold Mines Limited announced a change in the director’s interest, specifically concerning Charles William Guy. The change involved the exercise of 1,000,000 options into ordinary shares, increasing the total number of fully-paid ordinary shares held by Mineral Rock Pty Ltd to 4,272,494. This transaction reflects the company’s ongoing efforts to align director interests with shareholder value, potentially impacting the company’s market positioning and stakeholder confidence.
Theta Gold Mines Limited announced a change in the director’s interest, specifically involving Bill Richie Yang. The change includes the exercise of options into ordinary shares, resulting in an increase in Yang’s holdings of fully paid ordinary shares. This adjustment in director’s interests reflects the company’s ongoing management of its securities and may influence stakeholder perceptions regarding the company’s governance and strategic direction.
Theta Gold Mines Limited has requested an extension of the voluntary suspension of its securities on the Australian Securities Exchange, pending an announcement regarding a Funding Transaction. The suspension is intended to last until the announcement is made or trading resumes on October 7, 2025, highlighting the company’s strategic financial maneuvers to potentially enhance its operational capabilities.
Theta Gold Mines Limited has retracted its ‘Base Case’ production target and forecast financial information from its recent Optimised Feasibility Study after consultation with the ASX. The retraction was due to the inclusion of a significant portion of inferred mineral resources, which lacked a reasonable basis for the forward-looking statements. Investors are advised not to rely on the retracted information for investment decisions, although no issues were raised regarding the Reserve Case production target.
Theta Gold Mines Limited has requested a voluntary suspension of its securities from the Australian Securities Exchange, pending an announcement related to a Funding Transaction and the TGME Gold Mine Project. This suspension, effective immediately, is expected to last until October 6, 2025, or until the announcement is made, potentially impacting the company’s market operations and stakeholder interests.
Theta Gold Mines Limited has requested a trading halt on its securities pending an announcement regarding a funding transaction. This move indicates a potential significant development in the company’s financial strategy, which could impact its operations and market positioning. The trading halt will remain in effect until the announcement is made or until the commencement of normal trading on October 3, 2025.
Theta Gold Mines Limited has issued 3,800,000 new fully paid Ordinary Shares following the exercise of Unlisted Options, each with an exercise price of $0.12, which expired on 30 September 2025. This issuance, conducted without disclosure under Part 6D.2 of the Corporations Act, signifies the company’s compliance with relevant legal provisions and reflects its strategic financial maneuvers to bolster its capital structure, potentially impacting its market positioning and investor relations.
Theta Gold Mines Limited has announced the quotation of 3,800,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of September 30, 2025. This move is part of the company’s strategy to enhance its financial standing and operational capacity, potentially impacting its market position and offering new opportunities for stakeholders.
Theta Gold Mines Limited has announced the issuance of 3,800,000 fully paid ordinary shares following the conversion of unlisted employee options. This move, raising A$456,000, is aimed at advancing the construction of the TGME Gold Mine Project in South Africa, particularly in completing earthworks, civils, and water management systems. The issuance of shares reflects the fulfillment of vesting conditions related to senior staff roles and the board’s decision to mine, indicating progress in the company’s operational goals.