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. (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.
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 (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.
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.
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.
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