Professional
Added to YB: 2025-07-03
Pitch date: 2025-07-02
TGM.AX [neutral]
Theta Gold Mines Limited
+31.03%
current return
Author Info
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Company Info
Theta Gold Mines Limited engages in the gold exploration and development business in South Africa. Its principal property is the Theta project located near the town of Pilgrim’s Rest in Mpumalanga Province.
Market Cap
AUD 75.7M
Pitch Price
AUD 0.14
Price Target
N/A
Dividend
N/A
EV/EBITDA
-7.96
P/E
-8.13
EV/Sales
N/A
Sector
Metals and Mining
Category
value
Theta Gold Mines (ASX:TGM) - Digging gold out of the Bushveld
TGM.AX (watchlist): SA gold developer targeting 80-100koz p.a. by 2027 from 6.1Moz JORC resource. US$219M NPV10 at $1,642/oz gold, AISC $834/oz. Secured US$35M debt w/18mo payment moratorium + US$30M deferred EPCM. Trades at discount to peers on EV/oz. Risks: SA sovereign risk, funding gap, pending Rietfontein mine rights.
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