GoldMining Inc. reports exploration and project-development news for a portfolio of resource-stage gold and gold-copper assets in the Americas. Recurring updates cover preliminary economic assessments, NI 43-101 technical information, drilling programs, and technical work at projects such as La Mina in Colombia, São Jorge in Brazil, and the Whistler Gold-Copper Project in Alaska through its majority owned subsidiary U.S. GoldMining.
The company’s news also includes annual and interim reporting, management discussion and analysis, capital-structure disclosures, material agreements, and leadership appointments tied to development of its project portfolio.
GoldMining Inc. (GLDG) has initiated a preliminary economic assessment (PEA) for its 100% owned São Jorge Gold Project in Brazil and revealed an updated Mineral Resource Estimate (MRE). The MRE includes:
- Indicated Resources: 0.71 million ounces gold (1.55 g/t)
- Inferred Resources: 0.72 million ounces gold (1.27 g/t)
- Utilized a gold price of US$1,600/oz for cost assumptions
GoldMining plans to advance the economic potential of São Jorge and enhance the existing resource base.
GoldMining announced the results of its annual general meeting held on May 20, 2021. All six nominees proposed by management were elected as directors, with a quorum of 30.74% of outstanding shares present. The election results showed strong support for directors, with Garnet Dawson receiving 99.26% of votes for his position. Shareholders also approved PricewaterhouseCoopers LLP as the company's auditor for the upcoming year. GoldMining continues to focus on acquiring and developing gold assets across the Americas.
GoldMining Inc. (GLDG) announced its participation in the H.C. Wainwright Spring Mining Conference, taking place virtually on April 19-20, 2021. CEO Alastair Still will present an overview of the company and engage in one-on-one meetings with institutional investors. The live presentation is scheduled for April 20 at 10:00 AM ET and will be available for online access for 90 days thereafter. GoldMining focuses on acquiring and developing gold assets in the Americas, holding a diversified portfolio across Canada, the U.S.A., Brazil, Colombia, and Peru.
GoldMining announced the appointment of Alastair Still as its new Chief Executive Officer, effective April 1, 2021. He replaces Garnet Dawson, who is retiring but will remain a director. Still brings over 25 years of experience from major mining companies, including Newmont and Goldcorp, and will lead GoldMining's strategic initiatives focused on resource optimization and acquisition opportunities. Chairman Amir Adnani highlighted Dawson's contributions during his tenure, emphasizing the company's direction under Still's leadership.
GoldMining Inc. updates shareholders on the successful IPO of Gold Royalty Corp. (GRC), achieving a market cap of approximately US$200 million and tripling its initial offering to US$90 million. GoldMining retains a 49% equity stake in GRC, valued at about C$120 million, reflecting strong confidence in its assets. Future plans include acquiring opportunities and advancing projects such as La Mina and Yellowknife, with preliminary economic assessments anticipated in H2 2021. The firm aims to leverage its substantial resources of 14.3 million ounces gold equivalent in Measured and Indicated Resources.
GoldMining (GLDG) announced a significant milestone with the IPO of Gold Royalty Corp. (GRC), achieving a market cap of approximately $200 million, tripling its initial offering size. This event enhances GoldMining's valuation, with 20 million GRC shares valued at C$120 million. The company plans to pursue accretive acquisitions and is initiating preliminary economic assessments at key projects in Colombia and Canada, expecting completion in H2 2021. Ongoing drilling programs are set to begin in H2 2021, funded by current cash reserves, subject to permitting constraints.
Gold Royalty Corp. (GRC) successfully closed its initial public offering, raising US$90.0 million by selling 18,000,000 units at US$5.00 each. The funds will be used to support GRC's growth strategy and general working capital. Trading of common shares began on the NYSE American under ticker GROY on March 9, 2021. Post-offering, GoldMining holds approximately 49.0% of GRC's shares. An additional option for underwriters allows for purchasing up to 2,700,000 common shares and 1,350,000 warrants within 30 days.
Gold Royalty Corp. (NYSE American: GROY) and GoldMining Inc. (NYSE AMERICAN: GLDG) have completed GRC's initial public offering, issuing 18 million units at US$5.00 per unit, generating gross proceeds of US$90 million. The funds will support GRC's growth and acquisition strategy. GoldMining retains a 49% stake in GRC, holding 20 million shares. Additionally, the underwriters have a 30-day option to purchase over 2.7 million common shares and up to 1.35 million warrants. The shares started trading on NYSE American on March 9, 2021.
GoldMining Inc. announced that its subsidiary, Gold Royalty Corp. (GRC), has filed a final prospectus for an IPO, offering 18 million units at US$5.00 each, aiming for gross proceeds of approximately US$90 million. Each unit comprises one common share and one-half warrant, with full warrants priced at US$7.50, valid for three years. Shares and warrants are set to begin trading on NYSE American under symbols 'GROY' and 'GROY WS' on March 9, 2021, with the offering expected to close on March 11, 2021. GoldMining will retain about 49% of GRC post-offering.
GoldMining Inc. and its subsidiary, Gold Royalty Corp. (GRC), announced the filing of a final prospectus for GRC's initial public offering of 18 million units at $5.00 each, expected to close on March 11, 2021. The offering will generate approximately $90 million in gross proceeds. Each unit includes one common share and a half warrant, with full warrants priced at $7.50 per common share for three years. Following the offering, GoldMining will hold about 49% of GRC. Trading is set to commence on the NYSE American on March 9, 2021.