Goldmining Stock Price, News & Analysis

GoldMining has successfully closed a US$20 million loan facility agreement with the Bank of Montreal. This funding is earmarked for general corporate purposes and project advancements, including the Yellowknife Gold Project in Canada, São Jorge in Brazil, and La Mina in Colombia. The facility has a one-year maturity, extendable subject to lender approval, and bears an interest rate of 3-month USD LIBOR plus 5.65%. An initial loan of US$10 million has been disbursed. The loan is secured by shares in Gold Royalty Corp.

GoldMining has secured a US$20 million loan facility from Bank of Montreal, aimed at bolstering its financial position and advancing various projects. This facility offers an interest rate of 3-month USD LIBOR plus 5.65% and can be extended for an additional year upon lender approval. Funds will be utilized for corporate purposes, acquisitions, and advancing the Yellowknife Gold, São Jorge, and La Mina projects. The commitment underscores GoldMining's disciplined approach to value creation and its ongoing interest in Gold Royalty Corp., valued at approximately US$110 million.

GoldMining Inc. (GLDG) announced initial infill assay results from its São Jorge property in Brazil. The ongoing program involves 14 holes targeting unsampled core intervals from previous drill programs. Significant results include 1.23 g/t gold over 89.0m and 3.62 g/t over 14.0m in hole SJD-058-06. The company aims to better define mineralization through this program, following a preliminary economic assessment. Further assay results are expected as the program progresses, highlighting the potential for increased mineralization at São Jorge.

GoldMining Inc. (GLDG) announced updated Mineral Resource estimates for four key properties, representing about 84% of its total Measured and Indicated resources of 16.24 million gold equivalent ounces. The properties include Titiribi, Whistler, La Mina, and São Jorge, alongside an amended technical report for the Yellowknife Gold project. The updates aim to de-risk assets and facilitate further development, with preliminary economic assessments for multiple projects expected in the next six months. The company uses metal prices of US$1,600/oz gold, US$21/oz silver, and US$3.25/lb copper for these calculations.

GoldMining Inc. (NYSE American: GLDG) has announced its participation in the H.C. Wainwright 23rd Annual Global Investment Conference from September 13-15, 2021. CEO Alastair Still will provide a company overview and engage in one-on-one meetings with registered investors. Interested institutional investors can join the presentation via a specific link starting on September 13 at 7:00 AM ET. GoldMining focuses on acquiring and developing gold assets across the Americas, including Canada, Brazil, Colombia, and Peru.

GoldMining announced updated Mineral Resource estimates for its Titiribi and La Mina projects in Colombia. The Titiribi project has measured and indicated resources of 5.54 million ounces of gold and 1,061.2 million pounds of copper, while inferred resources stand at 3.15 million ounces of gold. La Mina features indicated resources of 0.66 million ounces of gold and 150.5 million pounds of copper, with inferred resources of 0.29 million ounces of gold. This brings GoldMining's total global resources to approximately 16.24 million ounces of gold equivalent.

GoldMining announced an updated Mineral Resource Estimate (MRE) for its Whistler Project in Alaska, with significant increases in gold, silver, and copper resources compared to the 2016 estimate. Indicated resources include 1.94 million ounces of gold, 8.33 million ounces of silver, and 422 million pounds of copper. Inferred resources comprise 4.67 million ounces of gold, 16.06 million ounces of silver, and 711 million pounds of copper. The MRE reflects updated pricing and operational costs, enhancing the project's attractiveness amid rising copper demand.

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.