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TGM - Theta Gold Mines News Story

A$0.155 0.0  3.3%

Last Trade - 4:51am

Sector
Basic Materials
Size
Micro Cap
Market Cap £37.8m
Enterprise Value £43.0m
Revenue £50.0k
Position in Universe 1018th / 1960

BUZZ-Australia's Theta Gold Mines falls over potential loss of part of resource base

Mon 25th October, 2021 4:49am
** Shares of Theta Gold Mines  TGM.AX  fall as much as 17.5%
to A$0.165 - their lowest since Dec. 30, 2019
    ** Gold miner says South Africa's Ministry of Forestry,
Fisheries and the Environment (DFFE) declared a forest nature
reserve over part of its TGME underground project, among other
areas  urn:newsml:reuters.com:*:nASXbXsgql
    ** Says about 607 hectares of tenement areas, close to 20%
of TGM's potential resource base, are affected by DFFE's
decision
    ** Co consulting with South Africa's Department of Mineral
Resources and Energy and DFFE to facilitate a mutually
beneficial way forward for continuation of mining activities -
TGM
    ** Stock posts its steepest intraday pct fall since June 29
    ** Volumes 5.5 times the 30-day average of ~55,000 shares
    ** As of last close, stock down 37.5% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))
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