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Theta Gold Mines (TGM) AI Stock Analysis
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Theta Gold Mines
(ASX:TGM)
The overall score is low, primarily reflecting Theta Gold Mines’ pre-production status with no revenue, ongoing losses, negative cash flows, and a leveraged balance sheet that together signal high financial risk. Secondary pressure comes from a weak technical picture, with the share price below key moving averages and mildly bearish momentum. Valuation metrics offer little support given the negative P/E and lack of dividends, making the investment case heavily dependent on future project execution rather than current fundamentals.
Theta Gold Mines (TGM) vs. iShares MSCI Australia ETF (EWA)
- Market Cap
- AUD 77.97M
- Dividend Yield
- ―
- Average Volume (3M)
- 245.75K
- Price to Earnings (P/E)
- -29.2
- Beta (1Y)
- 1.02
- Revenue Growth
- ―
- EPS Growth
- 59.02%
- Country
- Australia
- Employees
- 80
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Gold
Theta Gold Mines Business Overview & Revenue Model
Company Description
Specializing in gold exploration and development, Theta Gold Mines Limited conducts its operations within South Africa. The Theta project, located near the town of Pilgrim's Rest in Mpumalanga Province, serves as its principal asset. Established in 2...
How the Company Makes Money
null
Theta Gold Mines Financial Statement Overview
Summary
Theta Gold Mines is a pre-production company with no revenue, recurring operating and net losses, persistently negative operating and free cash flow, and high leverage despite a stronger asset and equity base, resulting in a low but not minimum financial performance score.
Income Statement
23NegativeBalance Sheet
38NegativeCash Flow
19Very Negative| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | -290.50K | 0 | -116.00K | -1.15M | -605.36K |
| EBITDA | -2.93M | -7.91M | -4.47M | -3.57M | -4.66M | -5.11M |
| Net Income | -3.32M | -3.14M | -6.89M | -6.39M | -10.45M | -10.53M |
Balance Sheet | ||||||
| Total Assets | 145.24M | 145.24M | 29.31M | 23.80M | 29.45M | 28.87M |
| Cash, Cash Equivalents and Short-Term Investments | 9.00M | 9.00M | 5.62M | 2.59M | 2.88M | 31.99K |
| Total Debt | 90.44M | 90.44M | 15.41M | 17.74M | 20.07M | 17.31M |
| Total Liabilities | 112.00M | 112.00M | 24.16M | 25.92M | 30.48M | 21.87M |
| Stockholders Equity | 33.24M | 33.24M | 5.15M | -2.12M | -1.03M | 7.01M |
Cash Flow | ||||||
| Free Cash Flow | -7.41M | -7.57M | -4.81M | -6.18M | -5.61M | -10.69M |
| Operating Cash Flow | -6.55M | -6.69M | -2.48M | -4.45M | -4.16M | -6.44M |
| Investing Cash Flow | -19.69M | -19.97M | -2.54M | -2.59M | -786.44K | -5.07M |
| Financing Cash Flow | 29.33M | 29.99M | 8.05M | 7.71M | 7.77M | 11.27M |
Theta Gold Mines Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TGM, the sentiment is Positive. The current price of 0.20 is above the 20-day moving average (MA) of 0.19, above the 50-day MA of 0.19, and below the 200-day MA of 0.20, indicating a neutral trend. The MACD of 0.00 indicates Negative momentum. The RSI at 59.81 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:TGM.
Theta Gold Mines Peers Comparison
Overall Rating
AU:TBR67.6Neutral
AU:AS153Neutral
AU:STN44Neutral
AU:VTM43Neutral
AU:BGD42Neutral
AU:TGM41.1Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| 68Neutral | AUD 272.31M | 3.58 | 25.21% | 3.82% | 28.38% | 127.83% | |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| 53Neutral | AUD 240.74M | -50.00 | -4.59% | ― | ― | -53.33% | |
| 44Neutral | AUD 289.59M | -27.50 | -5.89% | ― | ― | 9.68% | |
| 43Neutral | AUD 168.54M | -32.20 | -20.08% | ― | ― | -21.85% | |
| 42Neutral | AUD 216.16M | -8.51 | -80.60% | ― | -100.00% | -1011.90% | |
| 41Neutral | AUD 268.34M | -29.19 | -12.57% | ― | ― | 59.02% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| AU:TGM | Theta Gold Mines Ltd. | 0.20 | 0.04 | 21.88% | |
| AU:TBR | Tribune Resources Limited | 5.19 | -1.31 | -20.15% | |
| AU:STN | Saturn Metals Ltd. | 0.39 | -0.08 | -17.20% | |
| AU:BGD | Barton Gold Holdings Limited | 0.80 | -0.37 | -32.05% | |
| AU:AS1 | Golden Rim Resources Ltd | 0.12 | 0.04 | 64.29% | |
| AU:VTM | Victory Goldfields Limited | 1.27 | 0.10 | 8.97% |
Theta Gold Mines Corporate Events
Theta Gold Mines Details Project Progress and 2026 Operational Milestones
Theta Gold Mines’ 2026 annual report outlines progress across its gold operations, highlighted by the construction of the TGME gold plant and advancement of key project permits and mining rights. The report also details milestones in ESG and su...
Theta Gold Mines Updates Market on Director’s Revised Equity Holdings
Theta Gold Mines has disclosed a change in the securities held by director Byron Karl Lester Dumpleton, filing the required Appendix 3Y notice with the ASX. The update details his existing holdings of fully paid ordinary shares, various tranches of u...
Theta Gold Mines Issues Nearly 39 Million New Shares After Funding Milestones Met
Theta Gold Mines has expanded its issued capital by 38,968,769 fully paid ordinary shares, comprising 34,568,769 shares from the exercise of unlisted options at $0.1722 per share and 4,400,000 shares from the conversion of performance rights linked t...
Theta Gold Mines Seeks ASX Quotation for Nearly 39 Million New Shares
Theta Gold Mines has applied to the ASX for quotation of 38,968,769 new ordinary fully paid shares under its TGM ticker, following the exercise of options or conversion of other securities. The new shares, issued on 22 September 2026, will expand the...
Theta Gold Mines boosts balance sheet with option exercises and vested performance rights
Theta Gold Mines has strengthened its capital base by issuing 34,568,769 new fully paid ordinary shares following the exercise of an equivalent number of unlisted options, providing additional funding as it advances development of the TGME Gold Proje...
Theta Gold Mines Raises A$5.95m as Options Exercised, Incentive Awards Vest
Theta Gold Mines has strengthened its capital position after long-term institutional investor Hong Kong Ruihua Green Development exercised 34,568,769 unlisted options, generating about A$5.95 million and leading to the issue of an equivalent number o...
Theta Gold Mines Requests ASX Trading Halt Ahead of Bond Facility Update
Theta Gold Mines Limited has requested a trading halt on its securities on the ASX, effective 9 September 2026, pending an announcement related to the first drawdown under its Bond facility. The halt will remain in place until either the funding-rela...
Theta Gold Mines Issues New Shares to Raise Capital
Theta Gold Mines Limited, an Australian-listed gold mining and exploration company, operates in the resources sector with a focus on developing and advancing gold projects. The group targets investors looking for exposure to gold assets and maintains...
Theta Gold Mines Seeks ASX Quotation for 32.8 Million New Shares
Theta Gold Mines Limited has applied for quotation on the ASX of 32,800,000 ordinary fully paid shares under its issuer code TGM. The new securities, issued on August 7, 2026, represent an expansion of the company’s listed equity base.The appli...
Theta Gold Mines Plans 32.8 Million-Share ASX Placement
Theta Gold Mines Limited has notified the ASX of a proposed placement of up to 32.8 million ordinary fully paid shares. The new securities are intended to be quoted on the ASX, with the issue date set for 7 August 2026, reflecting the company’s...
Theta Gold Mines Converts US$11.6m Unsecured Loan into Equity
Theta Gold Mines has agreed to convert a long-standing unsecured loan into equity by issuing 32.8 million fully paid ordinary shares at a deemed price of A$0.18 per share. The shares will be issued to Sadiva (Pty) Ltd, which acquired the loan from Ti...
Theta Gold Mines secures funding and advances TGME construction toward first gold
Theta Gold Mines reported strong progress at its TGME Gold Project for the June 2026 quarter, underpinned by securing a US$90 million bond facility and completing an additional US$18.6 million equity raise in early July. These financings are intended...
Theta Gold Mines Appoints New Director With No Declared Securities Interests
Theta Gold Mines Limited has appointed Ching (Sharon) Iu as a director effective 10 July 2026, signaling a change in the company’s board composition. The appointment was disclosed to the ASX under listing rule requirements, highlighting the com...
Theta Gold Mines strengthens board with appointment of Sharon Iu
Theta Gold Mines has appointed Ms Ching (Sharon) Iu as a Non-Executive Director, effective 10 July 2026, bringing more than a decade of international mining and corporate finance experience across metals and natural resources. Formerly representing C...
Theta Gold Mines Raises Capital Through Share Placement and Option Exercise
Theta Gold Mines Limited has issued 147,570,138 new fully paid ordinary shares following the completion of a capital raising that combined a placement and the exercise of options. The placement comprised 125,832,956 shares issued to professional and...
Theta Gold Mines Seeks ASX Quotation for 21.7 Million New Shares
Theta Gold Mines Limited has applied for quotation of 21,737,182 new ordinary fully paid shares on the ASX, with the issue dated July 3, 2026. The additional securities, arising from the exercise of options or conversion of other instruments, will ex...
Theta Gold Mines Seeks ASX Quotation for 125.8 Million New Shares
Theta Gold Mines Limited has moved to expand its listed equity base, applying for quotation on the ASX of 125,832,956 new ordinary fully paid shares under code TGM. The securities, issued on July 3, 2026, stem from previously announced transactions a...
Theta Gold Mines Secures US$18.6m Through Equity Raise and Option Exercise
Theta Gold Mines has completed a US$18.6 million equity raise and options exercise, issuing 147,570,138 new fully paid ordinary shares to professional and sophisticated investors. The funding round included a US$10 million cornerstone investment from...
Theta Gold Mines Adjusts Sydney Office Address as TGME Project Advances
Theta Gold Mines has updated the location of its registered and principal offices within International Tower One at Barangaroo in Sydney, shifting from Suite 80 to Suite 68 on Level 35. The move is administrative in nature, with the company maintaini...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 01, 2026