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Jun 29 - 03:55 AM
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Gold - Australia's Theta Gold Mines At 1-Month Low On Share Placement
By Anjali Singh — Jun 29 - 02:03 AM
• Theta Gold Mines' shares fall as much as 7.1% to A$0.195, lowest since May 22
• TGM raises $18.6 million through a share placement
• Issue price of A$0.18/shr represents a discount of 14.3% to stock's last close
• Proceeds will be used to complete plant construction of TGME Gold Mine Project and for first gold production in 2027
• About 732,000 shares changed hands, 2.6 times the 30-day avg - LSEG data
• TGM up ~14% YTD, including the session's moves
(Reporting by Anjali Singh in Bengaluru)
Source:
London Stock Exchange Group | Thomson Reuters