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NexGold Mining Corp

www: www.nexgold.com   email: ir@nexgold.com
Category: Junior: Late Stage Developer
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Symbol Data

Symbol Currency
CVE:NEXG CAD
OTCMKTS:NXGCF USD

Description

NexGold Mining Corp are a gold focused junior, late stage developer with one producing mine in Canada, three mines in development in Canada and USA and exploration properties. Currently they produce roughly per year. They have approximately 6.5Moz. of gold in the reserves and resources category of which 6Moz. are in the measured and indicated category. They have a market capitalisation of ~C$402.26M which is a fall of roughly 7% over the last three months. As of 12/15/2025 they have ~C$176M debt and ~C$72.17M cash. They have 246M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 12/15/2025
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $431.98M $402.26M 03/08/2026
MCap (OS): $294.09M $277.61M 03/08/2026
Total Assets: $108.95M $109.35M 12/15/2025
Total Liabilities: $181.59M $182.25M 12/15/2025
Current Assets: $71.91M $72.17M 12/15/2025
Current Liabilities: $4.36M $4.37M 12/15/2025
Total Debt: $175.05M $175.69M 12/15/2025
Cash: $71.91M $72.17M 12/15/2025
Debt (Net): $103.14M $103.52M
Enterprise Value: $535.13M $505.78M
Cash Flow: $0.00M $0.00M never
Cash Flow Multiple: 0.00 0.00 never
Net Debt to
Cash Flow Ratio:		 n/a n/a never
Finance within 1 year: 12/15/2025
Misc 12/15/2025
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 241,000,000 245,683,142 03/08/2026
Shares (FD): 354,000,000 356,000,000 03/08/2026
Insider Ownership: 30% 30% 03/08/2026
Dividend (Annual): n/a n/a 03/08/2026
Company Type: Mostly Gold Mostly Gold never
Group: Developer Developer never
Production ETA: n/a 01/01/2028 12/15/2025
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 12/15/2025
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 12/15/2025
Development Phase: Permitting Underway Permitting Underway 12/15/2025
Optionality Play: none No
F
U
T
U
R
E		 % of Spot: 10
Developer: Likely Path to Production
 10
Developer: Likely Path to Production
 12/15/2025
Cash Flow Multiple: 8 10 03/08/2026

Resource Data

GOLD 12/15/2025
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 2.50M 2.50M 12/15/2025
Measured & Indicated: 6.00M 6.00M 12/15/2025
Inferred: 0.50M 0.50M 12/15/2025
Reserves & Resources: 6.50M 6.50M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: 2.30M 2.30M 12/15/2025
Measured & Indicated: 4.88M 4.88M 12/15/2025
Inferred: 0.23M 0.23M 12/15/2025
Reserves & Resources: 5.11M 5.11M never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 12/15/2025
Extra Operating Cost: n/a n/a 12/15/2025
Total: $2,000 $2,300 12/15/2025
Margin (Free Cash Flow): n/a
MCap / Production (AuEq): n/a n/a
EV / Production (AuEq): n/a n/a
G
R
A
D
E		 Underground (Avg): 3.50 g/t 3.50 g/t 12/15/2025
Open Pit (Avg): n/a 2.50 g/t 12/15/2025
Recovery Rate: (CG)  92.00% (CG)  92.00% 12/15/2025
F
U
T
U
R
E		 Proven & Probable: 6.00M 6.00M 12/15/2025
Annual Production: 225,000oz. 225,000oz. 12/15/2025
Cash Cost: $1,300 $1,400 03/08/2026
Extra Operating Cost: $700 $900 03/08/2026
SILVER 12/15/2025
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 12/15/2025
Measured & Indicated: n/a n/a 12/15/2025
Inferred: n/a n/a 12/15/2025
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 12/15/2025
Measured & Indicated: n/a n/a 12/15/2025
Inferred: n/a n/a 12/15/2025
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 12/15/2025
Extra Operating Cost: n/a n/a 12/15/2025
Total: n/a n/a 12/15/2025
Margin (Free Cash Flow): n/a
MCap / Production (AgEq): n/a n/a
EV / Production (AgEq): n/a n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 12/15/2025
Open Pit (Avg): n/a n/a 12/15/2025
Recovery Rate: n/a n/a 12/15/2025
F
U
T
U
R
E		 Proven & Probable: n/a n/a 12/15/2025
Annual Production: n/a n/a 12/15/2025
Cash Cost: n/a n/a 12/15/2025
Extra Operating Cost: n/a n/a 12/15/2025

Property

Last Analysis Data  (12/15/2025)
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Prod Point Rousse
100 show
(Note: mining at the Argyle Mine was completed in
January 2023 and the site is transitioning to care and maintenance)

Small deposit.

Only 150,000 oz at 1.8 gpt.

Low production of 15,000 oz year.

They want to double production and triple reserves.

4 other exploration deposits.

Size: 6,000 ha
Dev Goldboro
100 show
Feasibility due in 2021.

2 million oz (OP and UG)
Dev Goliath
100 462.00 25.00 430.00 show
88,000 oz per year

$96 million capex (open pit)

$550 cash costs per oz (open pit)

Size: 5,000 ha
Exp Gold Rock
100 show
Early exploration.

Size: 5,000 ha
Exp Goldcliff
100 show
Early exploration.

Size: 4,200 ha
Exp Goldlund
100 show
1.6 million oz open pit.
Exp Great Northern
100 show
600,000 oz (.8 gpt). Historical resource.

Size: 10,000 ha
Exp Harry
80 n/a
Exp Harry
80 show
Silver discovery
Drilling

Size: 1,300 ha
Exp Hyder
100 show
Early exploration

Size: 4,400 ha
Exp Juby
40 n/a
Exp Outland Silver Bar
80 n/a
Exp Sandy Lake
100 show
Early exploration.

High grade gold discovery. Currently drilling.

Size: 6,000 ha
Exp Shining Tree
100 show
Early exploration.

Size: 5,000 ha
Exp Sonia-Puma
100 show
Early exploration.

Size: 9,000 ha
Dev Niblack
100 show
I'm waiting for the feasibility study.

They will ship the ore via barge to an existing mill.

The capex should be low.

Size: 2,500 ha
Exp Salmon
100 show
Size: 200 ha
Current Data
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Prod Point Rousse
100 show
(Note: mining at the Argyle Mine was completed in
January 2023 and the site is transitioning to care and maintenance)

Small deposit.

Only 150,000 oz at 1.8 gpt.

Low production of 15,000 oz year.

They want to double production and triple reserves.

4 other exploration deposits.

Size: 6,000 ha
Dev Goldboro
100 show
Feasibility due in 2021.

2 million oz (OP and UG)
Dev Goliath
100 462.00 25.00 430.00 show
88,000 oz per year

$96 million capex (open pit)

$550 cash costs per oz (open pit)

Size: 5,000 ha
Exp Gold Rock
100 show
Early exploration.

Size: 5,000 ha
Exp Goldcliff
100 show
Early exploration.

Size: 4,200 ha
Exp Goldlund
100 show
1.6 million oz open pit.
Exp Great Northern
100 show
600,000 oz (.8 gpt). Historical resource.

Size: 10,000 ha
Exp Harry
80 n/a
Exp Harry
80 show
Silver discovery
Drilling

Size: 1,300 ha
Exp Hyder
100 show
Early exploration

Size: 4,400 ha
Exp Juby
40 n/a
Exp Outland Silver Bar
80 n/a
Exp Sandy Lake
100 show
Early exploration.

High grade gold discovery. Currently drilling.

Size: 6,000 ha
Exp Shining Tree
100 show
Early exploration.

Size: 5,000 ha
Exp Sonia-Puma
100 show
Early exploration.

Size: 9,000 ha
Dev Niblack
100 show
I'm waiting for the feasibility study.

They will ship the ore via barge to an existing mill.

The capex should be low.

Size: 2,500 ha
Exp Salmon
100 show
Size: 200 ha

Profitability (by resource)

Proven &
Probable		 12/15/2025
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 2.50M 2.50M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 2.30M 2.30M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $5,367.81M $6,181.94M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $5,367.81M $6,181.94M n/a
Max Profit / Current MCap: 12.426 15.368 n/a
Max Profit Per Share (Gold): $15.16 $17.37 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $15.16 $17.37 n/a
Total Free Profit Per Share: $13.48 $15.82 n/a
FD MCap / Gold Eq.: $187.82 $174.90 n/a
FD MCap / Silver Eq.: $2.71 $2.73 n/a
FD MCap / Per Metal
as % Spot Price:		 4.33% 3.51% n/a
EV / Gold Eq.: $232.66 $219.90 n/a
EV / Silver Eq.: $3.35 $3.43 n/a
EV / Per Metal
as % Spot Price:		 5.37% 4.41% n/a
Measured &
Indicated		 12/15/2025
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 6.00M 6.00M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 4.88M 4.88M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $11,379.76M $13,105.71M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $11,379.76M $13,105.71M n/a
Max Profit / Current MCap: 26.343 32.580 n/a
Max Profit Per Share (Gold): $32.15 $36.81 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $32.15 $36.81 n/a
Total Free Profit Per Share: $30.47 $35.26 n/a
FD MCap / Gold Eq.: $88.59 $82.50 n/a
FD MCap / Silver Eq.: $1.28 $1.29 n/a
FD MCap / Per Metal
as % Spot Price:		 2.04% 1.65% n/a
EV / Gold Eq.: $109.75 $103.73 n/a
EV / Silver Eq.: $1.58 $1.62 n/a
EV / Per Metal
as % Spot Price:		 2.53% 2.08% n/a

Reserves &
Resources		 12/15/2025
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 6.50M 6.50M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 5.11M 5.11M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $11,916.54M $13,723.91M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $11,916.54M $13,723.91M n/a
Max Profit / Current MCap: 27.586 34.117 n/a
Max Profit Per Share (Gold): $33.66 $38.55 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $33.66 $38.55 n/a
Total Free Profit Per Share: $31.98 $37.00 n/a
FD MCap / Gold Eq.: $84.60 $78.78 n/a
FD MCap / Silver Eq.: $1.22 $1.23 n/a
FD MCap / Per Metal
as % Spot Price:		 1.95% 1.58% n/a
EV / Gold Eq.: $104.80 $99.06 n/a
EV / Silver Eq.: $1.51 $1.54 n/a
EV / Per Metal
as % Spot Price:		 2.42% 1.99% n/a

Future Valuation (Cash Flow & Totals)

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