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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 two mines in development in Canada and USA and exploration properties. 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$87.33M which is a fall of roughly 2% over the last three months. As of 12/03/2024 they have ~C$12M debt and ~C$17.61M cash. They have 141M 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

Change
Item Value Value Updated Value
MCap (FD): $89.56M $87.33M 12/03/2024 $-2.23M
Total Assets: $49.83M $49.32M 12/03/2024 $-0.51M
Total Liabilities: $2.14M $2.11M 12/03/2024 $-0.02M
Current Assets: $17.80M $17.61M 12/03/2024 $-0.18M
Current Liabilities: $4.27M $4.23M 12/03/2024 $-0.04M
Total Debt: $12.10M $11.98M 12/03/2024 $-0.12M
Cash: $17.80M $17.61M 12/03/2024 $-0.18M
Enterprise Value: $83.86M $81.70M 08/03/1972 $-2.17M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:
n/a n/a never 0.00
Finance within 1 year: 12/03/2024 n/a
Misc 12/03/2024
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Shares Outstanding: 141,000,000 141,000,000 12/03/2024 0
Shares (FD): 185,000,000 185,000,000 12/03/2024 0
Insider Ownership: n/a 40% 12/03/2024 40%
Dividend (Annual): n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2027 12/03/2024 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
12/03/2024 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
12/03/2024 0
Initial CapEx (Outstanding): $430.00M
480.13% of MCap
$430.00M
492.36% of MCap
12/03/2024 $0.00M
Funding Option: n/a n/a 12/03/2024 n/a
Documentation: none PFS 12/03/2024 n/a
Future MCap Modifier: 0.1
Developer: Likely Path to Production
0.1
Developer: Likely Path to Production
04/24/2023 0
Cash Flow Multiplier: 3.5 3.5 12/03/2024 0.00

Resource Data

GOLD 12/03/2024
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 2.50M 2.50M 12/03/2024 0.00M
Measured & Indicated: 6.00M 6.00M 12/03/2024 0.00M
Inferred: 0.50M 0.50M 12/03/2024 0.00M
Reserves & Resources: 6.50M 6.50M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 2.25M 2.25M 12/03/2024 0.00M
Measured & Indicated: 4.77M 4.77M 12/03/2024 0.00M
Inferred: 0.23M 0.23M 12/03/2024 0.00M
Reserves & Resources: 5.00M 5.00M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 12/03/2024 $0.00
Extra Operating Cost: n/a n/a 12/03/2024 $0.00
Total: $1,700 $1,700 12/03/2024 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E
Underground (Avg): n/a n/a 12/03/2024 n/a
Open Pit (Avg): n/a 2.50 g/t 08/02/2023 2.50 g/t
Recovery Rate: (CG)  90.00% (CG)  90.00% 12/03/2024 0.00%
F
U
T
U
R
E
Proven & Probable: 6.00M 6.00M 12/03/2024 0.00M
Annual Production: 250,000oz. 250,000oz. 12/03/2024 0oz.
Cash Cost: $1,100 $1,100 12/03/2024 $0
Extra Operating Cost: $600 $600 12/03/2024 $0
SILVER 12/03/2024
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 12/03/2024 0.00M
Measured & Indicated: n/a n/a 12/03/2024 0.00M
Inferred: n/a n/a 12/03/2024 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 12/03/2024 0.00M
Measured & Indicated: n/a n/a 12/03/2024 0.00M
Inferred: n/a n/a 12/03/2024 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 12/03/2024 $0.00
Extra Operating Cost: n/a n/a 12/03/2024 $0.00
Total: n/a n/a 12/03/2024 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E
Underground (Avg): n/a n/a 12/03/2024 n/a
Open Pit (Avg): n/a n/a 08/02/2023 n/a
Recovery Rate: n/a n/a 12/03/2024 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 12/03/2024 0.00M
Annual Production: n/a n/a 12/03/2024 n/a
Cash Cost: n/a n/a 12/03/2024 n/a
Extra Operating Cost: n/a n/a 12/03/2024 n/a

Property

Last Analysis Data  (12/03/2024)
Stage Name Owned 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)
Exp Gold Rock 100% show
Early exploration.
Exp Goldcliff 100% show
Early exploration.
Exp Goldlund 100% show
1.6 million oz open pit.
Exp Harry 80% n/a
Exp Harry 80% show
Silver discovery
Drilling
Exp Hyder 100% show
Early exploration
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.
Exp Shining Tree 100% show
Early exploration.
Exp Sonia-Puma 100% show
Early exploration.
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.
Exp Salmon 100% n/a
Total Land Package Size (ha): 42,600  
Current Data
Stage Name Owned 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)
Exp Gold Rock 100% show
Early exploration.
Exp Goldcliff 100% show
Early exploration.
Exp Goldlund 100% show
1.6 million oz open pit.
Exp Harry 80% n/a
Exp Harry 80% show
Silver discovery
Drilling
Exp Hyder 100% show
Early exploration
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.
Exp Shining Tree 100% show
Early exploration.
Exp Sonia-Puma 100% show
Early exploration.
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.
Exp Salmon 100% n/a
Total Land Package Size (ha): 42,600  

Profitability (by resource)

Proven &
Probable
12/03/2024
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 2.50M 2.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 13.07M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 2.25M 2.25M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 11.76M
Maximum Profit (Gold): $2,125.35M $2,779.20M n/a $653.85M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $2,125.35M $2,779.20M n/a $653.85M
Max Profit / Current MCap: 23.731 31.823 n/a 8.092
Max Profit Per Share (Gold): $11.49 $15.02 n/a $3.53
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $11.49 $15.02 n/a $3.53
Total Free Profit Per Share: $10.81 $14.35 n/a $3.54
FD MCap / Gold Eq.: $39.80 $38.82 n/a $-0.99
FD MCap / Silver Eq.: $0.47 $0.43 n/a $-0.04
FD MCap / Per Metal
as % Spot Price:
1.51% 1.32% n/a -0.18%
Measured &
Indicated
12/03/2024
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 6.00M 6.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 31.37M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 4.77M 4.77M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 24.94M
Maximum Profit (Gold): $4,505.74M $5,891.90M n/a $1,386.16M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $4,505.74M $5,891.90M n/a $1,386.16M
Max Profit / Current MCap: 50.310 67.464 n/a 17.154
Max Profit Per Share (Gold): $24.36 $31.85 n/a $7.49
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $24.36 $31.85 n/a $7.49
Total Free Profit Per Share: $23.68 $31.18 n/a $7.50
FD MCap / Gold Eq.: $18.78 $18.31 n/a $-0.47
FD MCap / Silver Eq.: $0.22 $0.20 n/a $-0.02
FD MCap / Per Metal
as % Spot Price:
0.71% 0.62% n/a -0.09%

Reserves &
Resources
12/03/2024
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 6.50M 6.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 33.99M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: 5.00M 5.00M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 26.12M
Maximum Profit (Gold): $4,718.28M $6,169.82M n/a $1,451.55M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $4,718.28M $6,169.82M n/a $1,451.55M
Max Profit / Current MCap: 52.683 70.646 n/a 17.963
Max Profit Per Share (Gold): $25.50 $33.35 n/a $7.85
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $25.50 $33.35 n/a $7.85
Total Free Profit Per Share: $24.82 $32.68 n/a $7.86
FD MCap / Gold Eq.: $17.93 $17.48 n/a $-0.45
FD MCap / Silver Eq.: $0.21 $0.19 n/a $-0.02
FD MCap / Per Metal
as % Spot Price:
0.68% 0.60% n/a -0.08%

Future Valuation (Cash Flow & Totals)

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