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NeXGold Mining Corp.

TSXV:NEXGLive AI agent

NexGold Mining Corp.

Investor website: https://nexgold.com/

About

NexGold Mining Corp. (TSXV: NEXG, OTCQX: NXGCF) is a Canadian gold exploration and development company with two cornerstone gold projects – the Goldboro Gold Project in Nova Scotia and the Goliath Gold Complex in Ontario. The company aims to reduce single-asset risk, eliminate major third-party debt, and bolster cash reserves to advance its projects toward financing and construction. With secured permits at Goldboro and progress at the Goliath Complex, NexGold is positioned as one of Canada’s newest and most advanced gold developers.

Verified company data

Cash position
$101.1M
Shares outstanding
241.3M
Fully diluted shares
354.3M
Mineral resource
The Goliath Gold Complex has a mineral resource estimate of 2.1Moz Measured and Indicated (M&I) and 0.8Moz Inferred resource. The Goliath deposit specifically has a mineral resource classification that includes 6,393 kt at 1.33 g/t Au (273.6 koz) Measured, 61,318 kt at 0.95 g/t Au (1,865.0 koz) Indicated, totaling 67,711 kt at 0.98 g/t Au (2,138.6 koz) for M&I, and 32,571 kt at 0.75 g/t Au (782.8 koz) Inferred.
Projects
["The Goliath Gold Project (Mine + Mill) consists of the construction, operation, decommissioning, and remediation of an open-pit and underground gold mine and associated milling infrastructure including a tailings storage facility located 20 km east of the City of Dryden, Ontario. The Goliath Gold Project received Federal Environmental Assessment Approval in 2019 with the Minister of Environment and Climate Change Canada concluding that the Goliath Gold Project was unlikely to result in significant adverse effects to the environment. NexGold has commenced the process of receiving additional permits and approvals to construct and operate the Goliath Gold Project (Mine + Mill).","The Goldboro Gold Project is located in Guysborough County, Nova Scotia, Canada. The stage is currently at Feasibility Study Completed, with permitting and compliance underway. Proven & Probable Reserves are 1,150,200 ounces (15.8 million tonnes at 2.26 g/t gold). Measured & Indicated Resources are 2.58 million ounces (21.6 million tonnes at 3.72 g/t gold), and Inferred Resources are 484,000 ounces (3.18 million tonnes at 4.73 g/t gold). The Life of Mine (LOM) is projected to be 10.9 years with an average annual production of 100,000 ounces.","The Goldlund Gold Project is a proposed open pit mine with no associated processing infrastructure. Treasury Metals is currently collecting baseline environmental data at the Goldlund Mine Project to support all future approvals and permits required to construct and operate the mine.","The Miller Mine Project is a proposed open pit mine with no associated processing infrastructure. Treasury Metals will soon start collecting baseline environmental data at the Miller Mine Project to support all future approvals and permits required to construct and operate the mine."]
Leadership
Kevin Bullock (President & CEO, Mr. Bullock is a registered Professional Mining Engineer with over 35 years of experience in mining exploration, development, and operations. He has held senior positions at various mining companies and was instrumental in the growth of Volta Resources.), Orin Baranowsky (CFO, Mr. Baranowsky brings over 25 years of finance and capital markets experience and has been CFO of NexGold since April 2021.), Brian Jackson (VP, Projects, Mr. Jackson is a seasoned EPCM executive with over 35 years of engineering and project execution experience across various sectors including mining.), Paul McNeill (VP, Exploration, Mr. McNeill has extensive experience in gold and uranium exploration and has worked with several mining companies across Canada and internationally.), Deidre Puddister (VP, Sustainability, Ms. Puddister has ~25 years of experience in environmental compliance and community engagement in the mining sector.), Amanda Abballe (VP, HR, Ms. Abballe has over 20 years of human resources experience and has been responsible for driving the people and talent strategy globally at Signal Gold.)

Verified data last updated:

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