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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$119.69M which is a rise of roughly 34% over the last five months. As of 12/03/2024 they have ~C$12M debt and ~C$18.01M cash. They have 144M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 12/03/2024
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $89.56M $119.69M 03/20/2025 $30.13M
Total Assets: $49.83M $50.43M 12/03/2024 $0.60M
Total Liabilities: $2.14M $2.16M 12/03/2024 $0.03M
Current Assets: $17.80M $18.01M 12/03/2024 $0.21M
Current Liabilities: $4.27M $4.32M 12/03/2024 $0.05M
Total Debt: $12.10M $12.25M 12/03/2024 $0.14M
Cash: $17.80M $18.01M 12/03/2024 $0.21M
Enterprise Value: $83.86M $113.93M 08/11/1973 $30.06M
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: 12/03/2024 n/a
Misc 12/03/2024
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 141,000,000 143,619,189 04/15/2025 2,619,189
Shares (FD): 185,000,000 213,000,000 03/20/2025 28,000,000
Insider Ownership: n/a 40% 05/04/2025 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 12/03/2024 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 12/03/2024 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 12/03/2024 0
Initial CapEx (Outstanding): $430.00M
480.13% of MCap		 $430.00M
359.26% of MCap 		12/03/2024 $0.00M
Funding Option: n/a n/a 12/03/2024 n/a
Documentation: none PFS 05/04/2025 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: 3.5 4 05/04/2025 0.50

Resource Data

GOLD 12/03/2024
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 2.50M 2.50M 12/03/2024 0.00M
Measured & Indicated: 6.00M 6.00M 12/03/2024 0.00M
Inferred: 0.50M 0.50M 12/03/2024 0.00M
Reserves & Resources: 6.50M 6.50M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 2.25M 2.25M 12/03/2024 0.00M
Measured & Indicated: 4.77M 4.77M 12/03/2024 0.00M
Inferred: 0.23M 0.23M 12/03/2024 0.00M
Reserves & Resources: 5.00M 5.00M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 12/03/2024 $0.00
Extra Operating Cost: n/a n/a 12/03/2024 $0.00
Total: $1,700 $1,700 12/03/2024 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 12/03/2024 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% 05/04/2025 0.00%
F
U
T
U
R
E		 Proven & Probable: 6.00M 6.00M 12/03/2024 0.00M
Annual Production: 250,000oz. 250,000oz. 12/03/2024 0oz.
Cash Cost: $1,100 $1,100 12/03/2024 $0
Extra Operating Cost: $600 $600 12/03/2024 $0
SILVER 12/03/2024
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 12/03/2024 0.00M
Measured & Indicated: n/a n/a 12/03/2024 0.00M
Inferred: n/a n/a 12/03/2024 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 12/03/2024 0.00M
Measured & Indicated: n/a n/a 12/03/2024 0.00M
Inferred: n/a n/a 12/03/2024 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 12/03/2024 $0.00
Extra Operating Cost: n/a n/a 12/03/2024 $0.00
Total: n/a n/a 12/03/2024 $0.00
Margin (Free Cash Flow): n/a $0.00
G
R
A
D
E		 Underground (Avg): n/a n/a 12/03/2024 n/a
Open Pit (Avg): n/a n/a 08/02/2023 n/a
Recovery Rate: n/a n/a 12/03/2024 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 12/03/2024 0.00M
Annual Production: n/a n/a 12/03/2024 n/a
Cash Cost: n/a n/a 12/03/2024 n/a
Extra Operating Cost: n/a n/a 12/03/2024 n/a

Property

Last Analysis Data  (12/03/2024)
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
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.
Dev Goldboro 100% show
Feasibility due in 2021.

2 million oz (OP and UG)
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 Great Northern 100% show
600,000 oz (.8 gpt). Historical resource.
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): 58,600  

Profitability (by resource)

Proven &
Probable		 12/03/2024
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.): 2.50M 2.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 42.24M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 2.25M 2.25M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 38.02M
Maximum Profit (Gold): $2,125.35M $3,659.18M n/a $1,533.83M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $2,125.35M $3,659.18M n/a $1,533.83M
Max Profit / Current MCap: 23.731 30.572 n/a 6.841
Max Profit Per Share (Gold): $11.49 $17.18 n/a $5.69
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $11.49 $17.18 n/a $5.69
Total Free Profit Per Share: $10.81 $16.40 n/a $5.59
FD MCap / Gold Eq.: $39.80 $53.20 n/a $13.39
FD MCap / Silver Eq.: $0.47 $0.52 n/a $0.05
FD MCap / Per Metal
as % Spot Price:		 1.51% 1.60% n/a 0.09%
Measured &
Indicated		 12/03/2024
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.): 6.00M 6.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 101.38M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 4.77M 4.77M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 80.60M
Maximum Profit (Gold): $4,505.74M $7,757.45M n/a $3,251.71M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $4,505.74M $7,757.45M n/a $3,251.71M
Max Profit / Current MCap: 50.310 64.812 n/a 14.502
Max Profit Per Share (Gold): $24.36 $36.42 n/a $12.06
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $24.36 $36.42 n/a $12.06
Total Free Profit Per Share: $23.68 $35.64 n/a $11.96
FD MCap / Gold Eq.: $18.78 $25.09 n/a $6.32
FD MCap / Silver Eq.: $0.22 $0.25 n/a $0.03
FD MCap / Per Metal
as % Spot Price:		 0.71% 0.75% n/a 0.04%

Reserves &
Resources		 12/03/2024
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.): 6.50M 6.50M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 109.83M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 5.00M 5.00M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 84.40M
Maximum Profit (Gold): $4,718.28M $8,123.37M n/a $3,405.09M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $4,718.28M $8,123.37M n/a $3,405.09M
Max Profit / Current MCap: 52.683 67.869 n/a 15.186
Max Profit Per Share (Gold): $25.50 $38.14 n/a $12.63
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $25.50 $38.14 n/a $12.63
Total Free Profit Per Share: $24.82 $37.36 n/a $12.53
FD MCap / Gold Eq.: $17.93 $23.96 n/a $6.03
FD MCap / Silver Eq.: $0.21 $0.23 n/a $0.02
FD MCap / Per Metal
as % Spot Price:		 0.68% 0.72% n/a 0.04%

Future Valuation (Cash Flow & Totals)

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