VANCOUVER, BC, June 25, 2026 /CNW/ - GoldMining Inc. (TSX: GOLD) (NYSE American: GLDG) (the "Company" or "GoldMining") is pleased to provide the following message from the President and CEO of GoldMining to update shareholders on the Company's recent progress in advancing and unlocking value from its portfolio of assets, while enhancing its balance sheet that includes cash and publicly traded securities.
Key First-Half 2026 Highlights:
Balance Sheet Strength: The Company has no debt and holds approximately US$185 million1 in cash and publicly traded securities, the balance of which almost equates to the entire market capitalization of GoldMining.
Unlocking Project Value: GoldMining delivered two robust preliminary economic assessments ("PEAs") this year, at the São Jorge and La Mina Projects, conceptually demonstrating a modelled post-tax net present values at a 5% discount rate (NPV5%) of US$532 million and US$1.0 billion, respectively. In addition, GoldMining's 74%-owned subsidiary U.S. GoldMining Inc. ("U.S. GoldMining") also released an initial PEA on its 100%-owned Whistler Gold-Copper Project with a conceptual NPV5% of US$2.0 billion2.
Active Catalyst Engine: GoldMining is not just a resource holder; it is currently turning three drill rigs across its portfolio in Brazil and Colombia, with additional drills mobilizing in Alaska (through U.S. GoldMining), to actively pursue resource growth through the drill bit and drive near-term catalysts.
Embedded Optionality: The Company maintains a large global resource base, including 13.1 million gold equivalent ounces (oz AuEq) in the measured and indicated categories, plus an additional 9.0 million oz AuEq in the inferred category, with ongoing initiatives to surface value from its potential district-scale assets such as the high-grade Yellowknife Gold Project in Canada.
The PEAs are preliminary in nature, and there is no certainty that the reported results will be realized. The PEA for the São Jorge and La Mina projects includes inferred mineral resources, which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that any of these PEAs, including the conceptual economics set out therein, will be realized.
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1 Cash holdings as at February 28, 2026. Publicly traded security values are based on the closing prices of such shares on June 24, 2026, and, where applicable, utilizing a USD:CAD exchange rate of $1.42. |
2 See the Company's technical reports titled "NI 43-101 Technical Report and Preliminary Economic Assessment of the La Mina Gold-Copper Mineral Deposit, Antioquia, Republic of Columbia" dated effective April 22, 2026, technical report titled "Whistler Gold-Copper Project, NI 43-101 Technical Report and Preliminary Economic Assessment" dated effective March 2, 2026 and the Company's news release dated June 11, 2026, each of which are available under the Company's profile at www.sedarplus.ca, for further information. |