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NexGold Reports Q1 2026 Financial and Operating Results
TORONTO, May 14, 2026 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the “Company”) announces its financial and operating
About this update from Nexgold Mining Corp.
[{"type":"text","content":"TORONTO, May 14, 2026 (GLOBE NEWSWIRE) -- NexGold Mining Corp. (TSXV: NEXG; OTCQX: NXGCF) (“NexGold” or the “Company”) announces its financial and operating results for the three months ended March 31, 2026. The Company’s condensed consolidated interim financial statements and related management’s discussion and analysis for the period are available under the Company’s profile on SEDAR+ at www.sedarplus.ca and on NexGold’s website at www.nexgold.com. All amounts are in Canadian dollars unless otherwise stated. Kevin Bullock, President, CEO & Director of NexGold, commented: “We are pleased with the progress the Company has made in advancing, de-risking and strengthening our two key projects in the first quarter of 2026. Our team was active at the Goldboro Gold Project throughout the first quarter, undertaking several key development activities that are necessary for both advancing the project to a construction decision, and setting the project up for long-term success. We also worked toward optimizing our Goliath Gold Complex, continuing our 25,000-metre infill and expansion drilling program to increase our confidence in the open pit Mineral Resources at the Goldlund Deposit, and are encouraged by the positive results the program has yielded to date. The first quarter of 2026 was a strong start to the year for NexGold, as our team was successful in executing on our key strategic priorities at each project. Looking ahead, we expect to build on these successes through steady advancement and consistent execution, as we lay a solid foundation for becoming Canada’s next mid-tier gold producer.” First Quarter 2026 and Recent Highlights Financial At March 31, 2026, the Company had cash and short-term investments of $104.5 million, compared to $107.7 million at December 31, 2025. The decrease reflects net cash used in operating activities of $8.6 million, partially offset by $5.5 million of proceeds from the exercise of warrants and stock options.The net loss for the period was $11.4 million, or $0.05 per share, compared to a net loss of $9.4 million, or $0.07 per share, in the prior period. Project Highlights At the Goldboro Gold Project (“Goldboro”), the Company advanced a range of development activities during the quarter to support ongoing project evaluation and inform a potential future construction decision including:...