STOCK TITAN

GoldMining Inc. - GLDG STOCK NEWS

Welcome to our dedicated page for GoldMining news (Ticker: GLDG), a resource for investors and traders seeking the latest updates and insights on GoldMining stock.

GoldMining Inc. (TSX: GOLD, NYSE American: GLDG) is a public mineral exploration company focused on acquiring and developing gold assets across the Americas. Through a disciplined acquisition strategy, GoldMining Inc. has built a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia, and Peru. The company's projects include the La Mina Gold project, the Titiribi Gold-Copper project in Colombia, the Crucero project in Peru, and the São Jorge project in Brazil, among others.

Recent Achievements and Current Projects:

  • GoldMining Inc. was placed in the top two mining companies for the 2017 TSX Venture 50, noted for exceptional market performance.
  • Ownership of a 75% interest in the Rea Uranium project in Alberta, Canada, emphasizes their resource diversification.
  • Recent significant events include the renewal of the at-the-market equity program to raise up to $50 million for exploration and development activities.
  • Ongoing exploration at the São Jorge project in Brazil has identified potential new gold targets, with a new drilling program commenced in 2024.
  • The Rea Uranium project in the Athabasca Basin is set to advance with upcoming exploration plans targeting high-grade uranium deposits.
  • The sale of the Nutmeg Mountain Project to NevGold Corp. has increased GoldMining's equity holdings, enhancing its financial position.
  • GoldMining Inc. holds substantial shares in Gold Royalty Corp., U.S. GoldMining Inc., and NevGold Corp., providing additional strategic value.

Financial Condition:

GoldMining Inc. maintains a strong financial position with over $129 million in cash and equities. The company has recently filed its annual financial statements, providing transparent insights into its financial health and strategic acquisitions.

GoldMining Inc.'s long-term growth strategy focuses on prudent project advancements and value-driven acquisitions to benefit its shareholders. The company’s efforts in exploration, project development, and strategic investments place it at the forefront of the gold mining industry.

Rhea-AI Summary

GoldMining announced positive assay results from its São Jorge Project in Brazil. The completed diamond core drilling program, spanning 1,077 meters, revealed significant findings from two holes: SJD-122-24, which showed 19 meters grading 1.24 g/t gold, including 7 meters at 2.98 g/t gold, and SJD-121-24, which showed 18 meters grading 0.70 g/t gold, including 8 meters at 1.14 g/t gold. The drilling aims to confirm and explore new mineralization zones, bolstering resource confidence and potentially leading to new gold discoveries. São Jorge, located in the Tapajós gold district, benefits from its proximity to infrastructure and historical gold production.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.33%
Tags
none
-
Rhea-AI Summary

GoldMining has announced positive assay results from the first drill hole of its São Jorge Project in Brazil. The drilling program aims to confirm high-grade mineralization and improve resource estimates. Highlights include a 163m interval grading 1.02 g/t gold, with notable intersections of 37m at 2.26 g/t gold and 20m at 1.37 g/t gold. The project is strategically located in the Tapajós Gold District, near existing infrastructure. The results are expected to enhance the geological model and future resource estimations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.41%
Tags
none
-
Rhea-AI Summary

GoldMining has announced promising preliminary results from the geophysical survey reprocessing of its Rea uranium project in the Western Athabasca Basin. The Company, which owns 75% of the project, has identified over 70 km of prospective trends within three distinct corridors. The project encompasses approximately 125,328 hectares and surrounds Orano Canada's Dragon Lake prospect. Notable findings include anomalous uranium values and pathfinder elements in multiple drill holes across the Maybelle River, Net Lake, and Keane Lake corridors. CEO Alastair Still emphasized the cost-efficiency and strategic relevance of this work towards unlocking shareholder value. Future exploration will focus on refining targets for drilling.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.19%
Tags
none
Rhea-AI Summary

GoldMining has commenced drilling at its São Jorge Gold Project in Brazil, spanning 45,997 hectares. The project includes 1,000 meters of diamond core drilling and 3,000 meters of power auger drilling. Objectives include confirming structural controls on high-grade mineralization and exploring new targets along a NW-SE high-strain corridor. The drilling will test surficial geochemical anomalies within a 12 km x 7 km area, comprising gold, copper, and molybdenum. The project sits within the Tapajos Gold District, noted for producing over 20 million ounces of gold. A new geological model may optimize mineral resource estimates, potentially leading to new discoveries.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.56%
Tags
none
-
News
Rhea-AI Summary

GoldMining announced the voting results of its annual general meeting held on May 16, 2024. The meeting saw a quorum of 32.49% of outstanding shares represented. All nominees listed in the management's information circular dated March 25, 2024, were elected as directors. Significant votes were cast for Amir Adnani (92.02%), David Garofalo (92.07%), Garnet Dawson (94.45%), David Kong (94.26%), Gloria Ballesta (68.38%), Hon. Herb Dhaliwal (94.13%), Mario Bernardo Garnero (94.52%), and Anna Tudela (93.95%). Additionally, PricewaterhouseCoopers LLP was reappointed as the auditor for the ensuing year. Detailed voting results are available on SEDAR+.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.33%
Tags
none
-
Rhea-AI Summary

GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) released its 2023 Sustainability Report, highlighting a focus on health and safety, community support, environmental initiatives, and diversity. The report showcases efforts to ensure responsible exploration and development practices while creating shared value for local communities. The Company's commitment to sustainability is evident in its approach and goals aligned with the United Nations' Sustainable Development Goals.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
Tags
none
Rhea-AI Summary

GoldMining Inc. has reduced the existing third-party royalty on its Crucero gold project in Peru, significantly enhancing the potential value of the property. The company paid US$70,000 to Compañía de Minas Buenaventura S.A.A. to amend and reduce the royalty to a 3% net smelter return (NSR) and has the option to further reduce it to a 1% NSR by making an additional payment of US$200,000 over the next 10 years. The Crucero Project is located in Peru and boasts significant mineral resource estimates, indicating the company's commitment to unlocking value from its portfolio of resource-stage gold and gold-copper projects in the Americas.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.19%
Tags
none
-
Rhea-AI Summary
GoldMining Inc. announces the filing of its annual financial statements, management's discussion and analysis, and annual report for the year ended November 30, 2023. The filings provide insights into the company's financial position, operations, and projects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
GoldMining Inc. reports positive assay results from its subsidiary, U.S. GoldMining, confirming continuity of high-grade core at the Whistler Gold-Copper Project in Alaska. The program resulted in 547 meters at 1.06 g/t Gold Equivalent, including 176 meters at 1.55 g/t Gold Equivalent. The company holds $129 million in cash and publicly traded equities, and the CEO is optimistic about future strategic initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.16%
Tags
none
Rhea-AI Summary
GoldMining Inc. has announced the completion of the sale of the Nutmeg Mountain Project to a subsidiary of NevGold Corp, receiving $3 million in payment through the issuance of 10,000,000 common shares. This transaction has crystallized immediate value for GoldMining, allowing the company to retain potential upside to the Project's future potential and remain focused on advancing and unlocking value from other assets in its portfolio. The company now has $132 million of aggregate equity holdings in NevGold, U.S. GoldMining Inc., and Gold Royalty Corp. The transaction realized an attractive rate of return for GoldMining, with total consideration received being $9.0 million for the Project, which was acquired in 2020 for consideration of $1.15 million. GoldMining is now the largest shareholder of NevGold, holding approximately 29.4% of the outstanding NevGold Shares, providing the company continued exposure to the potential upside of Nutmeg Mountain and other assets. NevGold is required to make additional contingent payments to GoldMining of up to $7.5 million. The transaction allowed GoldMining to crystallize value while remaining focused on unlocking value and advancing its other assets throughout North and South America.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.5%
Tags
none

FAQ

What is GoldMining Inc.'s primary focus?

GoldMining Inc. focuses on acquiring and developing gold and gold-copper projects across the Americas.

Where are GoldMining Inc.'s key projects located?

GoldMining Inc.'s key projects are located in Canada, the United States, Brazil, Colombia, and Peru.

What recent achievements has GoldMining Inc. accomplished?

GoldMining Inc. was recognized in the 2017 TSX Venture 50 and recently renewed its at-the-market equity program to raise up to $50 million.

What is the significance of GoldMining Inc.’s Rea Uranium project?

The Rea Uranium project in Alberta, Canada, represents diversification into uranium resources, with exploration plans targeting high-grade deposits.

How does GoldMining Inc. maintain its financial health?

GoldMining Inc. maintains a robust financial position with over $129 million in cash and equities, supported by strategic project sales and equity holdings.

What are the key features of the São Jorge project?

The São Jorge project in Brazil has seen recent exploration identifying new gold targets, with a new drilling program commenced in 2024.

What is GoldMining Inc.'s strategy for long-term growth?

GoldMining Inc.'s long-term growth strategy involves prudent project advancements and value-driven acquisitions for shareholder benefit.

How does GoldMining Inc. contribute to the gold mining industry?

GoldMining Inc. contributes by exploring and developing resource-stage gold and gold-copper projects, enhancing the industry's resource base.

What strategic investments does GoldMining Inc. hold?

GoldMining Inc. holds substantial equity in Gold Royalty Corp., U.S. GoldMining Inc., and NevGold Corp., adding strategic value to its portfolio.

Where can I find GoldMining Inc.'s financial statements?

GoldMining Inc.'s financial statements are available on their website and under their profile on SEDAR+ and EDGAR.

GoldMining Inc.

NYSE:GLDG

GLDG Rankings

GLDG Stock Data

177.16M
188.73M
5.13%
7.57%
1.42%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Vancouver