GoldMining Inc. Releases Mid‑Year 2026 Shareholder Update
Vancouver, BC – June 25 , 2026 – GoldMining Inc. (TSX: GOLD; NYSE American: GLDG) issued its first‑half 2026 shareholder update, highlighting a strengthened balance sheet and significant progress on its portfolio of gold projects.
Balance‑Sheet Strength
The company reports no debt and cash plus publicly traded securities of approximately US$185 million (equivalent to the majority of the company’s market capitalization). The cash balance is detailed as of February 28 , 2026, while publicly traded security values reflect closing prices on June 24 , 2026, using a USD:CAD rate of 1.42.
Project Value Unlocking
GoldMining delivered two robust preliminary economic assessments (PEAs) this year:
| Project | Owner | Conceptual NPV5 % (US$) |
|---|---|---|
| São Jorge | GoldMining | 532 million |
| La Mina | GoldMining | 1.0 billion |
Its wholly‑owned subsidiary, U.S. GoldMining Inc., released an initial PEA for the Whistler Gold‑Copper Project, reporting a conceptual NPV5 % of US$2.0 billion. All figures are preliminary and subject to further technical and economic analysis.
Active Drilling and Resource Expansion
The company has placed three drill rigs across its Brazilian and Colombian portfolios, with additional rigs mobilizing in Alaska (via U.S. GoldMining). This active drilling strategy aims to accelerate resource development and create near‑term catalysts.
Global Resource Base
GoldMining maintains a global resource base of 13.1 million gold‑equivalent ounces (oz AuEq) in the measured and indicated categories and an additional 9.0 million oz AuEq in the inferred category. The company is pursuing value extraction from district‑scale assets such as the high‑grade Yellowknife Gold Project in Canada.
Caveats
The PEAs are preliminary; inferred mineral resources included in the São Jorge and La Mina assessments are considered speculative. No assurance exists that the reported economic outcomes will be realized.
Company Highlights (First Half 2026)
- Debt‑free status with a robust cash position.
- Significant PEAs: São Jorge (US$532 million NPV5 %), La Mina (US$1.0 billion NPV5 %), and Whistler (US$2.0 billion NPV5 %).
- Active drilling across Brazil, Colombia, and Alaska to drive resource growth.
- Large resource base of 13.1 million oz AuEq (measured/indicated) plus 9.0 million oz AuEq (inferred).
GoldMining’s mid‑year update underscores the company’s focus on portfolio optimization, cash‑generating potential, and strategic drilling initiatives to unlock value for shareholders.
