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GoldMining Inc. T.GOLD

Alternate Symbol(s):  GLDG

GoldMining Inc. (GOLD: TSX | GLDLF: OTCQX)is focused on the acquisition and development of gold assets in the Americas.The Company controls resource-stage gold and gold-copper projects in Canada, U.S.A., Brazil, Colombia and Peru with substantial combined assets. GoldMining pursues accretive acquisitions of resource projects while maintaining and advancing existing projects.


TSX:GOLD - Post by User

Comment by rborhion Aug 20, 2020 3:08pm
563 Views
Post# 31435168

RE:RE:Report on GoldMining

RE:RE:Report on GoldMiningThey already own the royalties on their own projects, they don't have to pay for them.

I didn't see the 335,000 oz mentioned, but at $1950 gold that's worth $653 million US or $871 million Canadian.  Plus any drilling or expansion can increase that number, once a mine gets going they often find more reserves to keep the mine going.

When/If Goldmining strikes a deal on any of their properties, they will likely get cash and/or shares from the company buying in, and possibly also keep a % of the project for themselves.  For example, if Barrick becomes a partner on a project, they may give Goldmining cash, shares in Barrick, and maybe Goldmining keeps a 20 - 30% interest in the claim.

In time you can imagine if they strike multiple deals like this on their areas, plus the royalties if a mine gets going, it can get lucrative.  Especially if one or more of these properties finds more gold through drilling and exploration than what's known so far.
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