Gold Prices to $3,000 in 2025? Citi sees record central bank demand pushing gold prices to $2,600 this year, $3,000 in 2025:
https://www.kitco.com/news/article/2024-07-10/citi-sees-record-central-bank-demand-pushing-gold-prices-2600-year-3000 Following the merging of two established gold companies, NexGold Mining (NEXG.v) is on track to become the next mid-tier Canadian gold producer. The company aims to expand its resource base up to 10 million ounces at the Goliath Gold Complex in Ontario.
Goliath Gold Complex Highlights
- NPV: $493 million at a 5% discount rate
- IRR: 33.5%, based on a gold price of US$1,950 per ounce
- Mine Life: 13 years
- Annual Production: 109,000 ounces of gold
- Cash Cost: US$892 per ounce
NEXG is advancing the Goliath project towards production while also pursuing exploration to discover new resources. The company is focusing on finalizing permitting and construction alongside significant exploration targeting a 65-kilometer underexplored strike area.
Strategic Vision
NEXG plans to establish itself as a leading mid-tier gold producer by acquiring and developing projects with:
- Capital expenditures under $400 million
- Production potential of 80,000 to 120,000 ounces per year
Market Position and Investment Opportunity
Currently, NEXG is trading at about 0.1x its net asset value (NAV), with the potential to reach 0.2x NAV as it progresses. The company offers a compelling investment opportunity supported by:
- Experienced leadership
- A robust portfolio of projects
- A clear strategic vision
- A strong commitment to sustainable development
With these strategic advantages, NexGold Mining is poised to deliver significant shareholder value and become a prominent player in the gold industry.
For more information, check out this Goldfinger Capital interview with NEXG's President, Morgan Lekstrom:
https://www.youtube.com/watch?v=rNmtoWP8ERQ Posted on Behalf of NexGold Mining Corp.