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.
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.
GoldMining Inc. (GLDG) announces a letter from Chairman Amir Adnani detailing significant advancements and shareholder value from its asset portfolio. With $120 million in cash and securities, GoldMining expects annual dividend cash flow of $1 million from its 20 million shares in Gold Royalty Corp (GROY). The creation of U.S. GoldMining focuses on the Whistler gold-copper Project, projected to attract major mining companies. Additionally, a recent PEA at the La Mina Project suggests a net present value of $232 million. The company continues strengthening its management and technical teams, aiming to enhance project economics.
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.
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