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NeXGold Mining Corp

www: www.nexgold.com   email: ir@nexgold.com
Category: Junior: Late Stage Developer
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Notes
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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 two mines in development in Canada and USA and exploration properties. They have approximately 3Moz. of gold in the reserves and resources category of which 2Moz. are in the measured and indicated category. They have a market capitalisation of ~C$50.48M which is a fall of roughly 3% over the last two months. As of 08/16/2024 they have ~C$6M debt and ~C$10.24M cash. They have 76M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 08/16/2024
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $52.30M $50.48M 08/16/2024 $-1.82M
Total Assets: $51.02M $51.21M 08/16/2024 $0.19M
Total Liabilities: $2.19M $2.19M 08/16/2024 $0.01M
Current Assets: $10.20M $10.24M 08/16/2024 $0.04M
Current Liabilities: $4.37M $4.39M 08/16/2024 $0.02M
Total Debt: $5.83M $5.85M 08/16/2024 $0.02M
Cash: $10.20M $10.24M 08/16/2024 $0.04M
Enterprise Value: $47.93M $46.09M 06/18/1971 $-1.84M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: 08/16/2024 n/a
Misc 08/16/2024
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 76,102,601 76,102,601 08/16/2024 0
Shares (FD): 92,000,000 92,000,000 08/16/2024 0
Insider Ownership: n/a 40% 08/16/2024 40%
Dividend (Annual): n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2027 08/16/2024 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 08/16/2024 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 08/16/2024 0
Initial CapEx (Outstanding): $335.00M
640.54% of MCap		 $335.00M
663.67% of MCap 		08/16/2024 $0.00M
Funding Option: n/a n/a 08/16/2024 n/a
Documentation: none PFS 08/16/2024 n/a
Future MCap Modifier: 0.1
Developer: Likely Path to Production
 0.1
Developer: Likely Path to Production
 04/24/2023 0
Cash Flow Multiplier: 5 5 04/13/2023 0.00

Resource Data

GOLD 08/16/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 08/16/2024 0.00M
Measured & Indicated: 2.00M 2.00M 08/16/2024 0.00M
Inferred: 1.00M 1.00M 08/16/2024 0.00M
Reserves & Resources: 3.00M 3.00M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 08/16/2024 0.00M
Measured & Indicated: 1.44M 1.44M 08/16/2024 0.00M
Inferred: 0.45M 0.45M 08/16/2024 0.00M
Reserves & Resources: 1.89M 1.89M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 08/16/2024 $0.00
Extra Operating Cost: n/a n/a 08/16/2024 $0.00
Total: $1,500 $1,500 08/16/2024 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 08/16/2024 n/a
Open Pit (Avg): n/a 2.50 g/t 08/02/2023 2.50 g/t
Recovery Rate: (CG)  90.00% (CG)  90.00% 08/16/2024 0.00%
F
U
T
U
R
E		 Proven & Probable: 2.50M 2.50M 08/16/2024 0.00M
Annual Production: 120,000oz. 120,000oz. 08/16/2024 0oz.
Cash Cost: $950 $950 08/16/2024 $0
Extra Operating Cost: $550 $550 08/16/2024 $0
SILVER 08/16/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 08/16/2024 0.00M
Measured & Indicated: n/a n/a 08/16/2024 0.00M
Inferred: n/a n/a 08/16/2024 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 08/16/2024 0.00M
Measured & Indicated: n/a n/a 08/16/2024 0.00M
Inferred: n/a n/a 08/16/2024 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 08/16/2024 $0.00
Extra Operating Cost: n/a n/a 08/16/2024 $0.00
Total: n/a n/a 08/16/2024 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 08/16/2024 n/a
Open Pit (Avg): n/a n/a 08/02/2023 n/a
Recovery Rate: n/a n/a 08/16/2024 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 08/16/2024 0.00M
Annual Production: n/a n/a 08/16/2024 n/a
Cash Cost: n/a n/a 08/16/2024 n/a
Extra Operating Cost: n/a n/a 08/16/2024 n/a

Property

Last Analysis Data  (08/16/2024)
Stage Name Owned Au Ag Cu Notes
Dev Goliath 100% show
88,000 oz per year

$96 million capex (open pit)

$550 cash costs per oz (open pit)
Exp Gold Rock 100% show
Early exploration.
Exp Goldcliff 100% show
Early exploration.
Exp Goldlund 100% show
1.6 million oz open pit.
Exp Harry 80% n/a
Exp Harry 80% show
Silver discovery
Drilling
Exp Hyder 100% show
Early exploration
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.
Exp Shining Tree 100% show
Early exploration.
Exp Sonia-Puma 100% show
Early exploration.
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.
Exp Salmon 100% n/a
Total Land Package Size (ha): 42,600  
Current Data
Stage Name Owned Au Ag Cu Notes
Dev Goliath 100% show
88,000 oz per year

$96 million capex (open pit)

$550 cash costs per oz (open pit)
Exp Gold Rock 100% show
Early exploration.
Exp Goldcliff 100% show
Early exploration.
Exp Goldlund 100% show
1.6 million oz open pit.
Exp Harry 80% n/a
Exp Harry 80% show
Silver discovery
Drilling
Exp Hyder 100% show
Early exploration
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.
Exp Shining Tree 100% show
Early exploration.
Exp Sonia-Puma 100% show
Early exploration.
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.
Exp Salmon 100% n/a
Total Land Package Size (ha): 42,600  

Profitability (by resource)

Proven &
Probable		 08/16/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD MCap / Gold Eq.: n/a n/a n/a $0.00
FD MCap / Silver Eq.: n/a n/a n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
Measured &
Indicated		 08/16/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 2.00M 2.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -3.25M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.44M 1.44M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -2.34M
Maximum Profit (Gold): $1,383.98M $1,594.22M n/a $210.24M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,383.98M $1,594.22M n/a $210.24M
Max Profit / Current MCap: 26.463 31.583 n/a 5.120
Max Profit Per Share (Gold): $15.04 $17.33 n/a $2.29
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $15.04 $17.33 n/a $2.29
Total Free Profit Per Share: $14.26 $16.58 n/a $2.32
FD MCap / Gold Eq.: $36.32 $35.05 n/a $-1.27
FD MCap / Silver Eq.: $0.42 $0.41 n/a $-0.01
FD MCap / Per Metal
as % Spot Price:		 1.48% 1.34% n/a -0.13%

Reserves &
Resources		 08/16/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 3.00M 3.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a -4.87M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.89M 1.89M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a -3.07M
Maximum Profit (Gold): $1,816.48M $2,092.42M n/a $275.94M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,816.48M $2,092.42M n/a $275.94M
Max Profit / Current MCap: 34.732 41.453 n/a 6.721
Max Profit Per Share (Gold): $19.74 $22.74 n/a $3.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $19.74 $22.74 n/a $3.00
Total Free Profit Per Share: $18.96 $21.99 n/a $3.03
FD MCap / Gold Eq.: $27.67 $26.71 n/a $-0.96
FD MCap / Silver Eq.: $0.32 $0.31 n/a $-0.01
FD MCap / Per Metal
as % Spot Price:		 1.12% 1.02% n/a -0.10%

Future Valuation (Cash Flow & Totals)

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