Goldmining Stock Price, News & Analysis

GoldMining has reported significant assay results from its 2022 drilling program at the La Garrucha target, expanding the gold-copper porphyry mineralization. The findings indicate a system that is now at least 400 m wide and extends 775 m below the surface. A key intercept from LME1108 revealed 431.23 m at 0.55 g/t Au and 0.12% Cu. The results will be pivotal for an updated mineral resource estimate expected in late 2022. CEO Alastair Still highlighted the team's successful execution of the program within budget, while VP Tim Smith noted the potential for wider exploration targets.

GoldMining has finalized an option grant on its Almaden Project in Idaho to NevGold Corp., receiving C$3 million through the issuance of 4,444,444 shares from NevGold. Under the agreement, NevGold must pay an additional C$6 million between January 2023 and January 2024 and complete C$2.25 million in project expenditures. Additionally, GoldMining invested C$1 million for 1,481,481 NevGold shares and holds a 10.53% stake in NevGold. The companies have entered into an investor rights agreement that grants certain anti-dilution rights and board nomination rights.

GoldMining announced positive initial assay results from its ongoing drilling program at the La Garrucha target in Antioquia, Colombia, part of the La Mina project. The initial assays from drill holes LME1107 and LME1108 indicate significant mineralization, with LME1107 showing 207.95 m at 0.62 g/t AuEq and LME1108 reporting 345.54 m at 0.74 g/t AuEq. The drilling confirms the extension of porphyry-style mineralization, suggesting further resource potential. The project aims to enhance the company's gold and copper portfolio across the Americas.

GoldMining Inc. has announced the formation of a Board of Directors for its subsidiary, U.S. GoldMining Inc., aimed at advancing the Whistler Gold-Copper Project in Alaska. The board comprises six members, including CEO Alastair Still and former CEO Garnet Dawson. The independent directors bring extensive experience from various sectors within the mining and resource industries. The Whistler Project boasts significant mineral resources, including 3.0 million ounces of indicated gold equivalent and 6.5 million ounces of inferred gold equivalent. This move supports U.S. GoldMining's goal of establishing itself as a standalone entity.

GoldMining Inc. (NYSE: GLDG) held its annual general and special meeting on May 19, 2022, where all six nominees proposed by management were elected as directors. A quorum of 34.46% of outstanding shares was present. Election results showed strong support for nominees, with votes ranging from 74.89% to 98.95% in favor. Additionally, shareholders approved the appointment of PricewaterhouseCoopers as auditor, the unallocated options under the Stock Option Plan, and amendments to the Stock Option Plan. Detailed voting results are accessible on SEDAR.

GoldMining Inc. (GLDG) announced the acquisition of 250,000 shares of Gold Royalty Corp. (GROY) at an average price of US$4.23 (C$5.33) per share on April 12, 2022. This acquisition increases GoldMining's stake in GROY from approximately 14.9% to 15.1%, amounting to a total of 20,250,000 shares. The shares were purchased for investment purposes, with the potential for further acquisitions or dispositions based on market conditions. An early warning report will be filed as per NI 62-103 requirements.

GoldMining Inc. (NYSE: GLDG) has initiated an exploration drilling program at the La Garrucha target, adjacent to its La Mina project in Antioquia, Colombia. This marks a significant milestone, with plans for approximately 3,600 meters of drilling across six holes aimed at expanding existing resources and improving the project's economic outlook. The core will be processed at La Mina facilities, with samples sent for assaying in Medellín. CEO Alastair Still highlighted the potential to enhance the project's value, which is part of GoldMining's broader strategy to maximize its portfolio across the Americas.

GoldMining has appointed Tim Smith as Vice President Exploration and CEO of its new subsidiary, U.S. GoldMining Inc., to enhance the advancement of the Whistler gold-copper project in Alaska. Smith brings over 25 years of mining experience, having previously led the Coffee Gold Deposit project, acquired for C$520 million in 2016. His expertise in exploration and project management is expected to significantly contribute to GoldMining's goal of unlocking value from its gold and gold-copper assets across the Americas.

GoldMining Inc. has appointed Tim Smith as Vice President Exploration and CEO of its newly established subsidiary, U.S. GoldMining Inc., dedicated to advancing the Whistler gold-copper project in Alaska. Smith brings over 25 years of experience, including leadership roles at Kaminak Gold and Newmont. His track record includes leading the acquisition of the Coffee Gold Deposit for C$520 million in 2016. This leadership change is expected to enhance the company’s exploration efforts and shareholder value through the development of key assets in the Americas.