GoldMining Issues Mid-Year 2026 Shareholder Update

GoldMining Inc. issued its Mid-Year 2026 Shareholder Update on June 25, 2026, consolidating recent project advancements and financial positioning. The company highlighted a debt-free balance sheet carrying approximately US$185 million in cash and publicly traded securities, nearly matching its US$191 million market capitalization.

Three Preliminary Economic Assessments (PEAs) were summarized, showcasing conceptual after-tax NPV5% values of US$532 million for São Jorge (Brazil), US$1.0 billion for La Mina (Colombia), and US$2.0 billion for Whistler (Alaska, via 74%-owned U.S. GoldMining).

Exploration is accelerating with three active drill rigs operating in Brazil and Colombia, plus additional mobilization in Alaska, targeting resource growth across a global portfolio of 22.1 million ounces gold-equivalent (AuEq). Management is advancing towards pre-feasibility studies (PFS) and permitting at São Jorge in the second half of 2026, while evaluating value unlock opportunities from non-core assets and the high-grade Yellowknife Gold Project.

GoldMining Inc. (GOLD) released a mid-year update on June 11, 2026, consolidating previously announced Preliminary Economic Assessments (PEAs) and operational updates. The São Jorge PEA was published on June 11, 2026, followed by the La Mina PEA on June 8, 2026. The Whistler PEA was announced in March 2026.

The company maintains a debt-free balance sheet with US$185 million in liquidity, a position consistent with its history of conservative capital management and recent At-The-Market (ATM) program renewals. The market has already priced in the conceptual economics of these projects, as evidenced by the company’s US$191 million market capitalization sitting below the combined conceptual Net Present Values (NPVs) of its flagship assets.

The update confirms execution and financial stability but introduces no new material catalysts, unexpected financial results, or strategic partnerships. The news does not alter the fundamental development timeline or valuation thesis.

GoldMining Inc. is a multi-asset mineral exploration and development company focused on gold, copper, and antimony across the Americas. Its flagship projects include São Jorge in Brazil, La Mina in Colombia, and Whistler in Alaska, which is held via a 74.2% stake in U.S. GoldMining. The company’s strategy centers on acquiring, advancing, and monetizing resource-stage assets, with a focus on de-risking projects through technical studies and exploration. The portfolio spans 22.1 million ounces AuEq, with significant exploration upside in Brazil, Colombia, Peru, Canada, and the USA.