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    TGM   AU0000035701

THETA GOLD MINES LIMITED

(TGM)
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Theta Gold Mines Limited Provides Update on the Development Work At the TGME Underground Gold Project

09/27/2021 | 07:22pm EST

Theta Gold Mines Limited provided an update on the development work at the TGME Underground Gold Project. The team has begun underground mine development work to make the mine safe for trial mining and underground sampling. The South African mine site team has also now been fully vaccinated against COVID 19 and is hard at work. A rock engineer was engaged to give input with regards to the support design and the integrity of the existing support units in the underground workings and the main roadway into the Frankfort Mine. Support units that were found to be damaged or structurally compromised are currently in the process of being removed and replaced. Areas were identified in the main roadway, specifically at intersections where the span was found to be excessive and would require additional support in the form of interlocking packs. The support design recommended by the rock engineer will be used to support the area before the commencement of rock drilling activities. Additional personnel that will be utilised for the duration of the trial mining was sourced from the community in Pilgrim's Rest. Over and above the mandatory medical screening, individuals were required to provide proof of vaccination for Covid-19. The individuals were then put through the mine's recruitment process which includes initial training covering the Company's policies, the Mine Health and Safety Act and its requirements, basic strata control and general hygiene and environmental training.


ę S&P Capital IQ 2021
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Financials (USD)
Sales 2021 - - -
Net income 2021 -4,37 M - -
Net Debt 2021 7,14 M - -
P/E ratio 2021 -24,6x
Yield 2021 -
Capitalization 60,4 M 60,6 M -
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 49,8%
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Managers and Directors
George Jenkins Chief Executive Officer
Charles William Guy Executive Chairman
Johan Fourie Manager-Group Compliance
Yang Liu Non-Executive Director
Bill Richie Yang Non-Executive Director
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