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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$111.73M which is a rise of roughly 25% over the last eight months. As of 12/03/2024 they have ~C$12M debt and ~C$18.21M 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 $111.73M 03/20/2025
Total Assets: $49.83M $51.00M 12/03/2024
Total Liabilities: $2.14M $2.19M 12/03/2024
Current Assets: $17.80M $18.21M 12/03/2024
Current Liabilities: $4.27M $4.37M 12/03/2024
Total Debt: $12.10M $12.39M 12/03/2024
Cash: $17.80M $18.21M 12/03/2024
Enterprise Value: $83.86M $105.90M 05/10/1973
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% 05/04/2025
Dividend (Annual): n/a n/a never
Company Type: Mostly Gold Mostly Gold 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
Initial CapEx (Outstanding): $430.00M
480.13% of MCap		 $430.00M
384.85% of MCap 		12/03/2024
Funding Option: n/a n/a 12/03/2024
Documentation: none PFS 05/04/2025
Future MCap Modifier: 0.1
Developer: Likely Path to Production
 0.1
Developer: Likely Path to Production
 04/24/2023
Cash Flow Multiplier: 3.5 4 05/04/2025

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 $1,700 12/03/2024
Margin (Free Cash Flow): 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% 05/04/2025
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 $600 12/03/2024
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
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 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
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.
Dev Goldboro 100% show
Feasibility due in 2021.

2 million oz (OP and UG)
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 Great Northern 100% show
600,000 oz (.8 gpt). Historical resource.
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): 58,600  

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 $3,699.14M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $2,125.35M $3,699.14M n/a
Max Profit / Current MCap: 23.731 33.107 n/a
Max Profit Per Share (Gold): $11.49 $17.37 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $11.49 $17.37 n/a
Total Free Profit Per Share: $10.81 $16.65 n/a
FD MCap / Gold Eq.: $39.80 $49.66 n/a
FD MCap / Silver Eq.: $0.47 $0.57 n/a
FD MCap / Per Metal
as % Spot Price:		 1.51% 1.48% 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 $7,842.17M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $4,505.74M $7,842.17M n/a
Max Profit / Current MCap: 50.310 70.187 n/a
Max Profit Per Share (Gold): $24.36 $36.82 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $24.36 $36.82 n/a
Total Free Profit Per Share: $23.68 $36.10 n/a
FD MCap / Gold Eq.: $18.78 $23.42 n/a
FD MCap / Silver Eq.: $0.22 $0.27 n/a
FD MCap / Per Metal
as % Spot Price:		 0.71% 0.70% 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 $8,212.08M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $4,718.28M $8,212.08M n/a
Max Profit / Current MCap: 52.683 73.497 n/a
Max Profit Per Share (Gold): $25.50 $38.55 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $25.50 $38.55 n/a
Total Free Profit Per Share: $24.82 $37.83 n/a
FD MCap / Gold Eq.: $17.93 $22.37 n/a
FD MCap / Silver Eq.: $0.21 $0.25 n/a
FD MCap / Per Metal
as % Spot Price:		 0.68% 0.67% n/a

Future Valuation (Cash Flow & Totals)

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