Frank Giustra & Shawn Khunkhun Appointed Strategic Advisors Today, NexGold Mining (NEXG.v) announced the appointment of Frank Giustra and Shawn Khunkhun as Strategic Advisors.
Legendary mining investor Frank Giustra is a prominent figure in the mining industry with a history of successfully building and financing natural resource companies including founding Lionsgate Entertainment and Endeavour Mining.
Shawn Khunkhun has over 20 years of experience in capital markets and mineral exploration, playing a key role in raising over $1 billion for mining projects.
Both advisors will assist NEXG in its goal to become a mid-tier gold producer and have been granted an aggregate of 1.5M stock options exercisable at $1.00 per share, expiring in 2029.
With this, Giustra and his related entities now hold 6.24% of NEXG's common shares, increasing to 10.52% on a partially diluted basis after the option grant.
The Next Mid-Tier Canadian Gold Producer
As detailed by NEXG's President, Morgan Lekstrom, in the latest Goldfinger Capital interview, the company recently went through a name change following the merging of two existing companies, Blackwolf Copper and Gold and Treasury Metals: https://www.youtube.com/watch?v=rNmtoWP8ERQ
Well-capitalized with C$16.4 million in cash, NEXG's current share structure consists of approximately 76 million shares outstanding and 16 million warrants, mostly held by insiders, which ensures minimal market overhang.
Near-Term Gold Production
Targeting the potential expansion of the resource up to 10 million ounces, NEXG's flagship project is the Goliath Gold Complex in Ontario, which boasts a projected NPV of $493M at 5% discount rate and IRR of 33.5% based on a gold price of US$1,950 per ounce.
Based on PFS, the project is poised for production with a forecasted 13-year mine life and anticipated production of 109,000 ounces of gold annually at a cash cost of US$892 per ounce.
NEXG is aiming to become a leading mid-tier gold producer by acquiring and developing projects with a capital expenditure under $400 million and production potential of 80,000 to 120,000 ounces per year.
Significantly, NEXG's current valuation is considered low compared to its net asset value (NAV), trading at about 0.1x NAV, with the potential to reach 0.2x NAV as the company progresses.
Boasting a range of strategic advantages from experienced leadership and shareholder value NEXG offers a compelling gold investment opportunity, supported by a robust portfolio of projects, a clear strategic vision, and a strong commitment to sustainable development.
Full News Release: https://treasurymetals.com/news/nexgold-mining-announces-strategic-advisors-and-eq-2913740/
Posted on Behalf of NexGold Mining Corp.