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Theta Gold Mines (TGM) investor relations material
Theta Gold Mines Q4 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Secured US$90 million senior secured bond facility and completed US$18.6 million equity raise, fully funding the TGME Gold Project construction and development.
Construction advanced from civil works to plant build, with bulk earthworks nearly complete and over 50% of concrete poured.
Key contracts for structural steel, mechanical, and piping awarded; critical long-lead equipment manufacturing and delivery on track.
Workforce expanded and project remains on budget, targeting first gold production in Q1 2027.
Financial highlights
Cash position at 30 June 2026: US$13.3 million.
Quarterly expenditures: US$7.8 million on mining production and development, US$37,962 on license costs.
Market capitalisation: A$231.35 million (US$160 million) as of 30 June 2026.
Peak funding requirement: US$77 million; total initial capital: US$102 million.
All-in sustaining cost (AISC): US$1,181/oz; post-tax NPV10%: US$455 million; post-tax IRR: 77%.
Outlook and guidance
First gold production expected in Q1 2027, with ramp-up to over 115 koz annual peak.
Life of mine (LOM): 13.1 years, with 1.01 Moz gold mined in Base Case scenario.
Project designed for phased expansion, with significant upside from additional mines and exploration targets.
- Feasibility update shows strong economics, on-budget progress, and first gold targeted for Q1 2027.TGM
Q3 2026 TU9 Jun 2026 - TGME Gold Project advances with permits, funding, and feasibility for major gold production.TGM
H2 202430 Mar 2026 - TGME Gold Mine advances to construction with strong funding and a US$504M post-tax NPV.TGM
H2 202530 Mar 2026 - TGME Gold Project advances with strong feasibility, improved financials, and secured funding.TGM
H1 202616 Mar 2026 - TGME Gold Project targets 1.06Moz over 13 years, with strong economics and scalable expansion.TGM
Investor presentation8 Feb 2026 - Construction advances at flagship gold project with major funding secured and key permits renewed.TGM
Q1 2026 TU31 Oct 2025 - US$35M IDC loan secured, US$4M raised, and mine development approved amid strong gold prices.TGM
Q4 2025 TU2 Oct 2025 - Permitted South African gold project aims for 1.1 Moz output, first gold by 2027, and strong ESG focus.TGM
Investor Presentation22 Jul 2025 - Half-year loss increased, funding raised, and project progress depends on securing more capital.TGM
H1 202522 Jun 2025
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