GoldMining Inc. (NYSEAMERICAN:GLDG) is one of the 7 Best Silver Mining Penny Stocks to Buy.
On June 25, 2026, GoldMining Inc. (NYSEAMERICAN:GLDG) provided a message from its President and CEO updating shareholders on recent progress in advancing and unlocking value from its portfolio of ***** ets. The company said it has no debt and holds approximately US$185 million in cash and publicly traded securities, a balance that almost equates to its entire market capitalization.
GoldMining also highlighted two preliminary economic ***** sments delivered this year at the São Jorge and La Mina Projects, which conceptually demonstrated modelled post-tax net present values at a 5% discount rate of US$532 million and US$1.0 billion, respectively. The company's 74%-owned subsidiary, U.S. GoldMining Inc., also released an initial PEA on its 100%-owned Whistler Gold-Copper Project, with a conceptual NPV5% of US$2.0 billion.
Pixabay/Public Domain
On June 11, GoldMining announced the results of a PEA on its São Jorge Project in Pará State, Brazil. The PEA set out a base case scenario with an after-tax NPV5% of $532 million, an after-tax IRR of 42.4%, and an initial payback of 2.8 years, using a base case gold price of $3,500 per ounce. At spot gold prices of $4,400/oz, the after-tax NPV5% increases to $836.8 million, with an IRR of 58.6% and an initial payback of 2.4 years. The PEA also estimated an initial capital of $202 million, average annual gold production of 51,250 oz over a 10.6-year life of mine, peak annual production of 57,200 oz in years 2 through 4, and life-of-mine AISC of $1,464/oz.
On June 25, 2026, GoldMining Inc. (NYSEAMERICAN:GLDG) provided a message from its President and CEO updating shareholders on recent progress in advancing and unlocking value from its portfolio of ***** ets. The company said it has no debt and holds approximately US$185 million in cash and publicly traded securities, a balance that almost equates to its entire market capitalization.
GoldMining also highlighted two preliminary economic ***** sments delivered this year at the São Jorge and La Mina Projects, which conceptually demonstrated modelled post-tax net present values at a 5% discount rate of US$532 million and US$1.0 billion, respectively. The company's 74%-owned subsidiary, U.S. GoldMining Inc., also released an initial PEA on its 100%-owned Whistler Gold-Copper Project, with a conceptual NPV5% of US$2.0 billion.
Pixabay/Public Domain
On June 11, GoldMining announced the results of a PEA on its São Jorge Project in Pará State, Brazil. The PEA set out a base case scenario with an after-tax NPV5% of $532 million, an after-tax IRR of 42.4%, and an initial payback of 2.8 years, using a base case gold price of $3,500 per ounce. At spot gold prices of $4,400/oz, the after-tax NPV5% increases to $836.8 million, with an IRR of 58.6% and an initial payback of 2.4 years. The PEA also estimated an initial capital of $202 million, average annual gold production of 51,250 oz over a 10.6-year life of mine, peak annual production of 57,200 oz in years 2 through 4, and life-of-mine AISC of $1,464/oz.
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