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NexGold Mining Corp

www: www.nexgold.com   email: ir@nexgold.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
CVE:NEXG CAD
OTCMKTS:NXGCF USD

Description

NexGold Mining Corp are a gold focused junior, late stage developer with one producing mine in Canada, three mines in development in Canada and USA and exploration properties. Currently they produce roughly per year. They have approximately 6.5Moz. of gold in the reserves and resources category of which 6Moz. are in the measured and indicated category. They have a market capitalisation of ~C$193.85M which is a rise of roughly 116% over the last nine months. As of 12/03/2024 they have ~C$12M debt and ~C$18.06M cash. They have 144M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 12/03/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $89.56M $193.85M 03/20/2025
MCap (OS): $68.26M $130.71M 04/15/2025
Total Assets: $49.83M $50.56M 12/03/2024
Total Liabilities: $2.14M $2.17M 12/03/2024
Current Assets: $17.80M $18.06M 12/03/2024
Current Liabilities: $4.27M $4.33M 12/03/2024
Total Debt: $12.10M $12.28M 12/03/2024
Cash: $17.80M $18.06M 12/03/2024
Debt (Net): $-5.70M $-5.78M
Enterprise Value: $83.86M $188.07M 12/17/1975
Cash Flow: $0.00M $0.00M never
Cash Flow Multiple: 0.00 0.00 never
Net Debt to
Cash Flow Ratio:		 n/a n/a never
Finance within 1 year: 12/03/2024
Misc 12/03/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 141,000,000 143,619,189 04/15/2025
Shares (FD): 185,000,000 213,000,000 03/20/2025
Insider Ownership: n/a 40% 07/26/2025
Dividend (Annual): n/a n/a never
Company Type: Mostly Gold Mostly Gold never
Group: Developer Developer never
Production ETA: n/a 01/01/2027 12/03/2024
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 12/03/2024
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 12/03/2024
Development Phase: none PFS Released 07/26/2025
Optionality Play: none No
F
U
T
U
R
E		 % of Spot: 10
Developer: Likely Path to Production
 10
Developer: Likely Path to Production
 04/24/2023
Cash Flow Multiple: 3.5 3.5 07/26/2025

Resource Data

GOLD 12/03/2024
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 2.50M 2.50M 12/03/2024
Measured & Indicated: 6.00M 6.00M 12/03/2024
Inferred: 0.50M 0.50M 12/03/2024
Reserves & Resources: 6.50M 6.50M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: 2.25M 2.25M 12/03/2024
Measured & Indicated: 4.77M 4.77M 12/03/2024
Inferred: 0.23M 0.23M 12/03/2024
Reserves & Resources: 5.00M 5.00M never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 12/03/2024
Extra Operating Cost: n/a n/a 12/03/2024
Total: $1,700 $1,800 12/03/2024
Margin (Free Cash Flow): n/a
MCap / Production (AuEq): n/a n/a
EV / Production (AuEq): n/a n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 12/03/2024
Open Pit (Avg): n/a 2.50 g/t 08/02/2023
Recovery Rate: (CG)  90.00% (CG)  90.00% 07/26/2025
F
U
T
U
R
E		 Proven & Probable: 6.00M 6.00M 12/03/2024
Annual Production: 250,000oz. 250,000oz. 12/03/2024
Cash Cost: $1,100 $1,100 12/03/2024
Extra Operating Cost: $600 $700 07/26/2025
SILVER 12/03/2024
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 12/03/2024
Measured & Indicated: n/a n/a 12/03/2024
Inferred: n/a n/a 12/03/2024
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 12/03/2024
Measured & Indicated: n/a n/a 12/03/2024
Inferred: n/a n/a 12/03/2024
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 12/03/2024
Extra Operating Cost: n/a n/a 12/03/2024
Total: n/a n/a 12/03/2024
Margin (Free Cash Flow): n/a
MCap / Production (AgEq): n/a n/a
EV / Production (AgEq): n/a n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 12/03/2024
Open Pit (Avg): n/a n/a 08/02/2023
Recovery Rate: n/a n/a 12/03/2024
F
U
T
U
R
E		 Proven & Probable: n/a n/a 12/03/2024
Annual Production: n/a n/a 12/03/2024
Cash Cost: n/a n/a 12/03/2024
Extra Operating Cost: n/a n/a 12/03/2024

Property

Last Analysis Data  (12/03/2024)
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Dev Goliath
100 show
88,000 oz per year

$96 million capex (open pit)

$550 cash costs per oz (open pit)

Size: 5,000 ha
Exp Gold Rock
100 show
Early exploration.

Size: 5,000 ha
Exp Goldcliff
100 show
Early exploration.

Size: 4,200 ha
Exp Goldlund
100 show
1.6 million oz open pit.
Exp Harry
80 n/a
Exp Harry
80 show
Silver discovery
Drilling

Size: 1,300 ha
Exp Hyder
100 show
Early exploration

Size: 4,400 ha
Exp Juby
40 n/a
Exp Outland Silver Bar
80 n/a
Exp Sandy Lake
100 show
Early exploration.

High grade gold discovery. Currently drilling.

Size: 6,000 ha
Exp Shining Tree
100 show
Early exploration.

Size: 5,000 ha
Exp Sonia-Puma
100 show
Early exploration.

Size: 9,000 ha
Dev Niblack
100 show
I'm waiting for the feasibility study.

They will ship the ore via barge to an existing mill.

The capex should be low.

Size: 2,500 ha
Exp Salmon
100 show
Size: 200 ha
Current Data
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Prod Point Rousse
100 show
(Note: mining at the Argyle Mine was completed in
January 2023 and the site is transitioning to care and maintenance)

Small deposit.

Only 150,000 oz at 1.8 gpt.

Low production of 15,000 oz year.

They want to double production and triple reserves.

4 other exploration deposits.

Size: 6,000 ha
Dev Goldboro
100 show
Feasibility due in 2021.

2 million oz (OP and UG)
Dev Goliath
100 462.00 25.00 430.00 show
88,000 oz per year

$96 million capex (open pit)

$550 cash costs per oz (open pit)

Size: 5,000 ha
Exp Gold Rock
100 show
Early exploration.

Size: 5,000 ha
Exp Goldcliff
100 show
Early exploration.

Size: 4,200 ha
Exp Goldlund
100 show
1.6 million oz open pit.
Exp Great Northern
100 show
600,000 oz (.8 gpt). Historical resource.

Size: 10,000 ha
Exp Harry
80 n/a
Exp Harry
80 show
Silver discovery
Drilling

Size: 1,300 ha
Exp Hyder
100 show
Early exploration

Size: 4,400 ha
Exp Juby
40 n/a
Exp Outland Silver Bar
80 n/a
Exp Sandy Lake
100 show
Early exploration.

High grade gold discovery. Currently drilling.

Size: 6,000 ha
Exp Shining Tree
100 show
Early exploration.

Size: 5,000 ha
Exp Sonia-Puma
100 show
Early exploration.

Size: 9,000 ha
Dev Niblack
100 show
I'm waiting for the feasibility study.

They will ship the ore via barge to an existing mill.

The capex should be low.

Size: 2,500 ha
Exp Salmon
100 show
Size: 200 ha

Profitability (by resource)

Proven &
Probable		 12/03/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 2.50M 2.50M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 2.25M 2.25M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $2,125.35M $4,141.17M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $2,125.35M $4,141.17M n/a
Max Profit / Current MCap: 23.731 21.363 n/a
Max Profit Per Share (Gold): $11.49 $19.44 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $11.49 $19.44 n/a
Total Free Profit Per Share: $10.81 $18.18 n/a
FD MCap / Gold Eq.: $39.80 $86.15 n/a
FD MCap / Silver Eq.: $0.47 $0.99 n/a
FD MCap / Per Metal
as % Spot Price:		 1.51% 2.37% n/a
EV / Gold Eq.: $37.27 $83.59 n/a
EV / Silver Eq.: $0.44 $0.96 n/a
EV / Per Metal
as % Spot Price:		 1.41% 2.30% n/a
Measured &
Indicated		 12/03/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 6.00M 6.00M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 4.77M 4.77M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $4,505.74M $8,779.28M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $4,505.74M $8,779.28M n/a
Max Profit / Current MCap: 50.310 45.290 n/a
Max Profit Per Share (Gold): $24.36 $41.22 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $24.36 $41.22 n/a
Total Free Profit Per Share: $23.68 $39.96 n/a
FD MCap / Gold Eq.: $18.78 $40.64 n/a
FD MCap / Silver Eq.: $0.22 $0.47 n/a
FD MCap / Per Metal
as % Spot Price:		 0.71% 1.12% n/a
EV / Gold Eq.: $17.58 $39.43 n/a
EV / Silver Eq.: $0.21 $0.45 n/a
EV / Per Metal
as % Spot Price:		 0.66% 1.08% n/a

Reserves &
Resources		 12/03/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 6.50M 6.50M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 5.00M 5.00M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $4,718.28M $9,193.40M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $4,718.28M $9,193.40M n/a
Max Profit / Current MCap: 52.683 47.426 n/a
Max Profit Per Share (Gold): $25.50 $43.16 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $25.50 $43.16 n/a
Total Free Profit Per Share: $24.82 $41.90 n/a
FD MCap / Gold Eq.: $17.93 $38.81 n/a
FD MCap / Silver Eq.: $0.21 $0.45 n/a
FD MCap / Per Metal
as % Spot Price:		 0.68% 1.07% n/a
EV / Gold Eq.: $16.79 $37.65 n/a
EV / Silver Eq.: $0.20 $0.43 n/a
EV / Per Metal
as % Spot Price:		 0.63% 1.03% n/a

Future Valuation (Cash Flow & Totals)

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