Goldmining Stock Price, News & Analysis

GoldMining has acquired a 1% net smelter return royalty on its Yarumalito Project in Colombia from Newrange Gold Corp. The transaction involved a payment of CAD$100,000 and the issuance of 10,000 common shares. This acquisition aligns with GoldMining's strategy to consolidate projects in the Mid Cauca Belt, aiming to enhance exploration opportunities and future joint ventures.

The company holds a diversified portfolio of gold and gold-copper projects across the Americas, indicating a focused approach to resource development.

GoldMining Inc. has filed its annual financial statements, management's discussion and analysis, and annual information form for the fiscal year ended November 30, 2021. This includes crucial insights into the company's financial position and operations. The filings are accessible on SEDAR, EDGAR, and the company's website. GoldMining Inc. specializes in the acquisition and development of gold assets across the Americas and holds a diversified portfolio of gold and gold-copper projects in various countries, along with ownership of 20 million shares of Gold Royalty Corp.

GoldMining Inc. has established a new subsidiary, U.S. GoldMining Inc., focused on the Whistler gold-copper Project in Alaska. The board approved its operation as a separate public entity, enhancing value without diluting GoldMining's capital structure. Currently, the Whistler project holds indicated resources of 3.0 million gold equivalent ounces and inferred resources of 6.5 million ounces. Gold prices are near $2,000 per ounce, providing favorable conditions for this development. The subsidiary aims to apply modern geologic models to unlock further potential.

GoldMining Inc. has appointed Eric Chen as Director of Mineral Resources, leveraging his 30 years of expertise in resource geology and mining operations. CEO Alastair Still emphasized Chen's extensive background with major companies, predicting significant benefits for GoldMining's project development and risk management strategies. Chen expressed enthusiasm for joining the seasoned team to advance their portfolio of gold and gold-copper projects across the Americas. GoldMining continues to control a diversified portfolio of resource-stage projects in Canada, the USA, Brazil, Colombia, and Peru.

VANCOUVER, BC, Jan. 24, 2022 /PRNewswire/ - GoldMining Inc. (NYSE American: GLDG) invites investors to its presentation at the TD Securities Virtual Global Mining Conference on January 28, 2022, at 9:50 AM ET. Interested parties can register via this link. A recording of the presentation will be available on the company’s website for 90 days post-conference. GoldMining focuses on gold asset acquisition and development across the Americas, controlling a diversified portfolio of projects.

GoldMining has announced the results of a positive Preliminary Economic Assessment (PEA) for the La Mina Project in Colombia, which estimates production of over 1 million gold equivalent ounces over a 10.4-year mine life. The project is projected to generate a pre-tax NPV of $340 million and an internal rate of return (IRR) of 14.5%. It includes the extraction of over 165 million pounds of copper and over 600,000 ounces of silver. Mining is anticipated to begin within 24 months with a capital cost of approximately $299.5 million.

GoldMining Inc. (NYSE American: GLDG) has announced an equity distribution agreement with a syndicate of agents, allowing it to sell up to US$50 million of common shares through an at-the-market equity program. The proceeds will be used for exploration, development of mineral properties, and working capital. The agreement will terminate upon reaching the sales limit or on January 1, 2023. The program is set to commence following the filing of a prospectus supplement.

GoldMining announced positive assay results from the ongoing infill sampling program at its 100% owned São Jorge property in Brazil. The program aims to evaluate previously unsampled core intervals, with results indicating mineralized saprolite in historic drill holes. Key findings include:

• SJD-067-06: 1.06 g/t gold over 7.6m.
• SJD-029-05: 0.62 g/t gold over 12.0m.

The results enhance the understanding of mineralization and warrant further exploration. The preliminary economic assessment indicates potential for defining existing mineralization.

GoldMining Inc. (GLDG) announced the replacement of a 1.33% net production royalty on its Cachoeira Project in Brazil with a 0.5% net smelter return royalty (NSR). BRI Mineração Ltda., a subsidiary, executed this transaction by paying US$100,000 and delivering 324,723 common shares to the royalty counterparty. This new NSR includes a buy-back option for half (0.25%) of the NSR for US$250,000, enhancing the project's value by eliminating pre-production payments. CEO Alastair Still emphasized this move as part of their strategy to unlock value from their gold portfolio.