NeXGold Mining Corp NXGCF

Primary Symbol: V.NEXG

Metals & Mining Gold

NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska. Its Goliath Project, which includes the Goliath, Goldlund, and Miller deposits, is located in Northwestern Ontario. The Goliath Gold Complex refers to a prospective 65 kilometers (km) trend in approximately 330 square kilometers (km2) land package comprised of three distinct projects located within the Wabigoon-Greenstone belt in the Dryden-Sioux Lookout Area of northwestern Ontario. It also owns several other projects throughout Canada, including the Weebigee-Sandy Lake Gold Project JV, and grassroots gold exploration property Gold Rock. In addition, It holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver volcanogenic massive sulfide ore (VMS) project, located adjacent to tidewater in southeast Alaska. The Gold Rock Property is located 38 km south of Dryden, Ontario. It has 100% interest in five properties: Texas Creek, Cantoo, Mineral Hill, Rooster and Casey, totaling 7,920 ha.

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NeXGold Mining Corp

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Post by 1StockInformeron Dec 02, 2024 6:36pm

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Post# 36341747

New NEXG.v Interview Detailed Summary Post

In a new interview from the 2024 Swiss Mining Institute Conference in Zurich, Morgan Lekstrom, President of NexGold Mining (NEXG.v or NXGCF for US investors), highlighted the company's rapid transformation into a significant gold developer through strategic M&A.

r/Wealthsimple_Penny - New Interview Summary: NexGold (NEXG.v or NXGCF) Targets Over 200,000 Ounces of Gold Production Annually with Goliath and Goldboro Projects

Key Updates from the Interview:

Goliath and Goldboro Projects: NexGold's two flagship projects, Goliath in Ontario and Goldboro in Nova Scotia, are both nearing final permitting stages, expected by mid-2025. Combined, these projects aim to produce over 200,000 ounces of gold annually.
Strong Financial Position: Following an oversubscribed $18.5M financing, NexGold is well-capitalized with $25M in the bank. The company’s tight share structure features 52.5% ownership by large shareholders and institutions, underscoring confidence in its growth trajectory.
Experienced Management Team: Lekstrom emphasized the expertise of NexGold’s leadership, including Jeremy Wyeth, who will transition to COO, and Kevin Bullock, a mining veteran with extensive experience in mine building and First Nations partnerships, stepping in as CEO.
First Nations Partnerships: The company has built strong relationships with First Nations communities in Ontario and Nova Scotia, which are integral to its development strategy.
Economic Potential: Both projects boast promising economics, with the Goldboro feasibility study (2021) showing a capex-to-NPV ratio of 1:1 at $1,600/oz gold prices. At $2,500/oz, each project is expected to have an NPV exceeding $1 billion.
Timeline and Catalysts: Construction decisions are anticipated by Q3 2025, with significant updates expected in the next six months, including feasibility studies, drilling results, and First Nations agreements.

Overall, the interview showcased NexGold's aggressive timeline and strategic planning, setting the stage for its emergence as a mid-tier gold producer.

Lekstrom expressed optimism about the macroeconomic outlook for gold, citing factors like increased central bank purchases and geopolitical trends that could drive prices higher in 2025 and beyond.

Full interview here: