Business
GOLDMINING ISSUES LETTER TO SHAREHOLDERS
GOLDMINING ISSUES LETTER TO SHAREHOLDERS Canada NewsWire VANCOUVER,...
About this update from Goldmining Inc.
[{"type":"text","content":"\n \n \n \n GOLDMINING ISSUES LETTER TO SHAREHOLDERS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 5, 2022\n \n \n /CNW/ -\n \n GoldMining Inc. (the \"\n \n Company\n \n \" or \"\n \n GoldMining\n \n \")\n \n (TSX: GOLD) (NYSE American: GLDG) is pleased to issue the following letter from its Chairman,\n \n Amir Adnani\n \n , updating shareholders on the Company's progress in advancing and unlocking value from its portfolio of assets while enhancing a peer leading balance sheet which includes cash and holdings in Gold Royalty Corp. (\"Gold Royalty\").\n \n \n Dear Fellow Shareholders,\n \n \n The last twelve months were one of the most dynamic periods in GoldMining's 11-year history with several key catalysts creating a sound foundation for the Company to execute various initiatives in the years ahead to continue to unlock value from our vast portfolio of projects in the Americas.\n \n \n Through GoldMining's strategic holdings of 20 million shares in Gold Royalty (NYSE American: GROY), the Company has built an extremely robust and flexible balance sheet with approximately\n \n $120 million\n \n in cash and marketable securities. Following GROY's commencement of an inaugural dividend, GoldMining expects to receive roughly\n \n $1 million\n \n in dividend cash flow per year. The value of this dividend cash flow cannot be understated, as most exploration and development companies are negative cash flowing and are forced to dilute shareholders, whereas GoldMining is in a unique position to have meaningful...