NEXG CEO Buying on the OpenThe new NexGold Mining (NEXG.v) CEO starting to buy shares on the open market alongside additional insiders buying.
Aiming to become the next mid-tier Canadian gold producer, NEXG is advancing the Goliath Gold Complex towards production, targeting the expansion of its resource base up to 10 million ounces.
Focused on finalizing permitting and construction alongside significant exploration targeting a 65-kilometer underexplored strike area, project highlights include:
- 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
Planning to establish itself as a leading mid-tier gold producer, NEXG is targeting the acquisition and development of projects with capital expenditures under $400 million and production potential of 80,000 to 120,000 ounces per year
Trading at about 0.1x its net asset value (NAV), with the potential to reach 0.2x NAV as it progresses, NEXG offers a compelling investment opportunity supported by experienced leadership, a robust portfolio of projects, a clear strategic vision and a strong commitment to sustainable development
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.