Theta Gold Mines
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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.
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Q4 2026 TU earnings summary30 Jul, 2026

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.

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