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𝛼SKbullish
Digging gold out of the Bushveld
SUMMARY
- Theta Gold Mines Limited (ASX:TGM) is a gold developer targeting transitioning to producer by early CY27.
- TGM is currently completing site clearance and preparation works which will enable construction of a new gold plant once full funding has been finalised.
- TGM has secured credit approval for a US$35m debt facility with broader commercial bank syndication in process whilst the contractor for the gold plant has provided a staggered US$30m payment schedule which further reduces the required upfront equity contribution.
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