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GoldMining Inc. Identifies Significant Antimony Mineralization Including 2.79 g/t AuEq (0.71 g/t Au and 0.59% Sb) over 79 metres and 1.91 g/t AuEq (1.56 g/t Au and 0.10% Sb) over 128 metres at its 100% Owned Crucero Project
Prnewswire· 2025-04-23 10:00
VANCOUVER, BC, April 23, 2025 /PRNewswire/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD) (NYSE American: GLDG) is pleased to announce that after reviewing historic drill results it has identified antimony ("Sb") mineralization occurring with gold mineralization on the Company's 100% owned Crucero Project ("Crucero" or the "Project") in the Carabaya Province, Peru.Highlights: Figure 1 – Crucero Project, Department of Puno, Province of Carabaya, Peru. (CNW Group/GoldMining Inc.) Figure 2 ...
GoldMining Inc. Initiates Most Comprehensive Exploration Campaign To Date, São Jorge Project, Brazil
Prnewswire· 2025-04-14 10:00
Core Viewpoint - GoldMining Inc. has initiated its largest exploration program to date at the São Jorge Project in Brazil, aiming to expand the known gold deposit and explore new targets in the Tapajós gold district [1][2]. Group 1: Exploration Program Details - The São Jorge Project is located in the Tapajós gold district and features a granite-hosted, intrusion-related gold deposit [3]. - The exploration program includes systematic drilling to target the expansion of the São Jorge deposit and test new zones identified through geochemical and geophysical methods [2][4]. - The initial drilling program will consist of drill holes targeting the potential extension of the deposit along the northwest and southeast trends [5]. Group 2: Infrastructure and Logistics - The project benefits from excellent infrastructure, including a 35-person camp, access to paved highways, grid power, and local supply chains, facilitating rapid exploration activities [2]. - Field activities will be conducted from the existing exploration camp, which is located approximately 2 km from paved Highway 163 [8]. Group 3: Planned Activities and Targets - The 2025 exploration plans include a diamond core drilling campaign of up to 5,000 meters, additional auger drilling of up to 3,000 meters, and a soil sampling program of up to 6,000 samples [8]. - The program will also involve airborne Lidar surveys and ground geophysics, including Induced Polarisation (IP) [8]. - The 2025 program will conduct the first deeper drill testing of new targets identified in the previous year's exploration [6]. Group 4: Company Background - GoldMining Inc. is focused on acquiring and developing gold assets in the Americas, controlling a diversified portfolio of resource-stage gold and gold-copper projects across several countries [10].
GoldMining Inc. Launches 2025 Exploration Program, São Jorge Project, Brazil
Prnewswire· 2025-03-18 10:00
Core Viewpoint - GoldMining Inc. is initiating a significant exploration program at its 100% owned São Jorge Project in Brazil, marking the largest exploration effort in the company's 14-year history, driven by the belief in the project's untapped potential [1][3]. Exploration Program Details - The exploration program includes field activities such as soil sampling, mapping, and prospecting, with plans for a diamond core drilling program in the 2025 field season [2][4]. - The São Jorge mineral system is characterized by a 12 km x 7 km footprint of elevated surface geochemical anomalies, indicating substantial exploration potential [2][4]. Drilling Campaign - The planned drilling campaign will encompass up to 5,000 meters, targeting the expansion of the São Jorge deposit along strike and testing new zones of potential mineralization [6]. - High-grade auger drill intercepts from 2024 included results such as 1 meter at 17.14 g/t Au and 5 meters at 2.78 g/t Au, all from shallow depths [6][13]. Recent Discoveries - Recent soil sampling in 2025 revealed the highest gold-in-soil anomaly on the property at 5.96 g/t Au at the William North prospect area [6][7]. - The auger drilling at William South has returned numerous high-grade intercepts, indicating the potential for new gold mineralized zones [7]. Team and Infrastructure - The exploration team is led by experienced professionals, including President Paulo Pereira and VP Exploration Tim Smith, enhancing the project's credibility and potential for success [3]. - The project's location benefits from proximity to existing highway and power infrastructure, further supporting its growth opportunity [3].
GoldMining(GLDG) - 2025 Q1 - Quarterly Report
2025-02-27 23:30
U.S. SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of February 2025 Commission File Number: 001-39566 GoldMining Inc. (Translation of registrant's name into English) Suite 1830, 1188 West Georgia Street, Vancouver, British Columbia, Canada (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cov ...
GOLDMINING ANNOUNCES FILING OF FINANCIAL STATEMENTS, MD&A, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F
Prnewswire· 2025-02-27 23:15
VANCOUVER, BC, Feb. 27, 2025 /PRNewswire/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD) (NYSE AMERICAN: GLDG) announces the filing of its annual financial statements, management's discussion and analysis ("MD&A"), annual information form (the "Annual Filings") and its annual report on Form 40-F (the "Form 40-F") for the year ended November 30, 2024. The Annual Filings, which include information regarding the Company's financial position, operations and projects for the fiscal year, are avail ...
GoldMining Inc. Updates Mineral Resource Estimate, Expands Land Package and Highlights Exploration Potential, São Jorge Project, Brazil
Prnewswire· 2025-02-26 21:30
Designated News ReleaseVANCOUVER, BC, Feb. 26, 2025 /PRNewswire/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD) (NYSE American: GLDG) is pleased to report an updated Mineral Resource Estimate ("MRE") for the Company's 100% owned São Jorge Project ("São Jorge" or the "Project") in the Tapajós gold district, Pará State, Brazil. The updated MRE is set forth in a technical report titled "NI 43-101 Technical Report, São Jorge Project, Pará State, Brazil" with an effective date of January 28, 2025 ...
GoldMining Announces Change to the Board of Directors
Prnewswire· 2025-01-17 21:30
Core Points - GoldMining Inc. announces the retirement of Mr. Garnet Dawson and The Hon. Herb Dhaliwal from its board of directors after over ten years of service, with both continuing as strategic advisors [1][2] - Mr. Dawson served as CEO from 2014 to 2021 and joined the board in 2018, while Mr. Dhaliwal has been on the board since 2013 [2] - The company expresses gratitude for their contributions and looks forward to their ongoing support [2] Company Overview - GoldMining Inc. is a public mineral exploration company focused on acquiring and developing gold assets in the Americas [3] - The company controls a diversified portfolio of resource-stage gold and gold-copper projects across Canada, the U.S.A., Brazil, Colombia, and Peru [3] - GoldMining owns approximately 21.5 million shares of Gold Royalty Corp., 9.9 million shares of U.S. GoldMining Inc., and 26.7 million shares of NevGold Corp. [3]
GoldMining Announces Renewed At-the-Market Equity Program
Prnewswire· 2024-12-21 02:30
Core Viewpoint - GoldMining Inc. has renewed its at-the-market equity program (ATM Program) to distribute up to US$50 million of common shares to the public, which will be used for exploration, development of mineral properties, and working capital [2][4]. Group 1: ATM Program Details - The ATM Program allows the company to sell common shares at the prevailing market price at the time of sale [2]. - Sales will be conducted through a syndicate of agents led by BMO Nesbitt Burns Inc. and BMO Capital Markets Corp., along with other agents [3]. - The program will terminate when the gross sales proceeds reach US$50 million or by December 24, 2025, whichever comes first [4]. Group 2: Use of Proceeds - The net proceeds from the ATM Program will fund exploration and development of mineral properties, complete minimum work programs, and maintain property rights [1]. - Additional uses include funding future acquisitions and working capital [1]. Group 3: Regulatory and Documentation - The ATM Program will become effective upon filing a prospectus supplement to the company's short form base shelf prospectus and U.S. registration statement [5]. - Relevant documents will be available on SEDAR+ and EDGAR, and can be requested from the lead agent [5]. Group 4: Company Overview - GoldMining Inc. is focused on acquiring and developing gold assets in the Americas, controlling a diversified portfolio of resource-stage gold and gold-copper projects [9]. - The company also holds shares in Gold Royalty Corp., U.S. GoldMining Inc., and NevGold Corp. [9].
GoldMining(GLDG) - 2024 Q3 - Quarterly Report
2024-10-11 20:33
Exhibit 99.1 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE AND NINE MONTHS ENDED AUGUST 31, 2024 AND 2023 (Expressed in thousands of Canadian Dollars unless otherwise stated) GoldMining Inc. Condensed Consolidated Interim Statements of Financial Position As at August 31, 2024 and November 30, 2023 (Unaudited, expressed in thousands of Canadian dollars unless otherwise stated) | --- | --- | --- | --- | |------------------------------------------------------------------------|-------|----- ...
GoldMining(GLDG) - 2024 Q2 - Quarterly Report
2024-07-12 20:24
Financial Performance - The company reported an operating loss of $5,835 million for the three months ended May 31, 2024, compared to a loss of $5,999 million for the same period in 2023, showing an improvement of approximately 2.7%[3] - Net loss for the period attributable to shareholders was $5,470 million for the three months ended May 31, 2024, down from $6,924 million in the same period of 2023, representing a reduction of about 21%[3] - The total comprehensive loss for the period was $6,772 million for the three months ended May 31, 2024, compared to $12,678 million for the same period in 2023, showing a significant improvement of approximately 46%[3] - For the six months ended May 31, 2024, Goldmining Inc. reported a net loss of CAD 8,471,000, a decrease from a net loss of CAD 13,186,000 for the same period in 2023, representing a 35% improvement[25] - The company reported a net loss of CAD 15,725,000 for the period ended May 31, 2024, compared to a net loss of CAD 13,036,000 for the same period in 2023, indicating a worsening of approximately 20.6%[169] Assets and Liabilities - As of May 31, 2024, total assets amounted to $138,924 million, a slight increase from $136,878 million as of November 30, 2023, reflecting a growth of approximately 1.5%[2] - Current liabilities decreased from $3,850 million as of November 30, 2023, to $3,850 million as of May 31, 2024, indicating a reduction of about 0.1%[2] - The company's cash and cash equivalents decreased from $21,589 million as of November 30, 2023, to $17,246 million as of May 31, 2024, a decline of about 20%[2] - Total equity attributable to shareholders increased to $130,784 million as of May 31, 2024, from $129,243 million as of November 30, 2023, reflecting a growth of approximately 1.2%[2] - The total assets as of May 31, 2024, amount to $138.9 million, compared to $136.9 million as of November 30, 2023[147] Exploration and Evaluation Expenses - Exploration expenses increased to $1,217 million for the three months ended May 31, 2024, compared to $700 million for the same period in 2023, marking an increase of approximately 74%[3] - The total exploration and evaluation expenses for the six months ended May 31, 2024, amounted to CAD 1,932,000, an increase from CAD 1,299,000 for the same period in 2023[37] - The Company completed qualifying expenditures on the Almaden Project totaling $2,250, with $1,500 completed by June 1, 2023, and a further $750 by December 31, 2023[56] Share-Based Compensation - Share-based compensation expenses for the six months ended May 31, 2024, totaled $1,944 million, compared to $1,904 million for the same period in 2023, indicating an increase of about 2%[3] - Share-based compensation expense recognized during the six months ended May 31, 2024, was CAD 1,392,000, slightly up from CAD 1,388,000 for the same period in 2023[50] - The fair value of share-based compensation expense for the six months ended May 31, 2024, was $377, compared to $286 for the same period in 2023, reflecting a 31.8% increase[77] Cash Flow and Financing Activities - The company generated cash from financing activities amounting to CAD 5,910,000 for the six months ended May 31, 2024, compared to CAD 29,147,000 for the same period in 2023, indicating an 80% decrease[25] - Cash used in investing activities for the six months ended May 31, 2024, was CAD 908,000, a significant decrease from CAD 2,080,000 for the same period in 2023[25] - U.S. GoldMining's cash and cash equivalents as of May 31, 2024, were $12,413,000, with restricted cash of $118,000[104] Shareholder Information - The weighted average number of shares outstanding increased to 186,030,955 for the three months ended May 31, 2024, compared to 168,724,064 for the same period in 2023, reflecting a growth of approximately 10.2%[167] - The total issued capital as of May 31, 2024, was CAD 182,827,000, an increase from CAD 176,584,000 as of November 30, 2023[171] - The total number of outstanding options increased to 15,210,929, with a weighted average exercise price of $1.59, compared to 13,237,695 options at a price of $1.63 as of May 31, 2023[81] Investments - As of May 31, 2024, Goldmining Inc. held 26,670,250 shares of NevGold, with a fair value of approximately CAD 11.6 million, representing a 28.4% ownership interest[39] - The investment in NevGold increased from 17.6% to 22.0% after acquiring 4,109,589 common shares, leading to significant influence over NevGold[62] - The equity share of NevGold's estimated net loss for the six months ended May 31, 2024, was $724, compared to $nil for the same period in 2023[64] Other Financial Metrics - The company recognized a current income tax expense of $1,781 million related to the sale of the Almaden Project during the six months ended May 31, 2024[16] - The company incurred a deferred income tax recovery of CAD 1,057,000 for the six months ended May 31, 2024, compared to an expense of CAD 2,903,000 for the same period in 2023[25] - A 10% change in the equity prices of long-term investments would impact the other comprehensive loss by approximately $4,137 thousand for the six months ended May 31, 2024[122]