Theta Gold Mines Signs Manufacturing Contract for South Africa Project; Shares Down 6%

MT Newswires Live

03/20

Theta Gold Mines (ASX:TGM) signed a manufacturing contract for a crushing and screening plant with NMS Africa for its TGME project in South Africa, according to a Friday filing with the Australian bourse.

The contract involves the manufacture of a three-stage crushing and screening plant designed to meet initial production needs while enabling future expansion, the filing said.

The project is expected to be commissioned in the fourth quarter of the year, per the filing.

Theta Gold Mines shares fell 6% in midday trade on Friday.

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