GoldMining Files PEA Technical Report for its Sao Jorge Project, Brazil
GoldMining filed the São Jorge PEA, reporting a $532m NPV, $202m capex and 42% irr at $3,500/oz.
GoldMining Inc. (GOLD) filed a NI 43-101 Technical Report containing a Preliminary Economic Assessment (PEA) for its São Jorge Project in Brazil. The PEA outlines a base-case after-tax NPV5% of $532 million and an internal rate of return (IRR) of 42.4% at a gold price of $3,500/oz.
The project requires an initial capital of $202 million, including a 25% contingency, yielding a 2.6x NPV-to-capital ratio. The project economics feature a 10.6-year mine life, average annual production of 51,250 oz, and an All-In Sustaining Cost (AISC) of $1,464/oz. The company is advancing to pre-feasibility studies (PFS) and continuing exploration drilling.
GoldMining Inc. (GOLD) filed a formal regulatory submission on July 22 for the Preliminary Economic Assessment (PEA) initially announced on June 11, 2026. The economic metrics remain identical to the prior announcement, showing a $532 million net present value (NPV), $202 million capital expenditure (CapEx), and a 42.4% internal rate of return (IRR).
The study confirms São Jorge as a low-capital, high-margin asset with a rapid payback period of 2.4 years, reinforcing the company's strategy of advancing multiple projects concurrently.
GoldMining Inc. (GOLD) is a mineral exploration and development company focused on the Americas, holding a portfolio of 100% owned projects in Brazil, Colombia, Peru, Canada, and the USA. The company’s flagship asset is the São Jorge property in Brazil, a 46,485-hectare site located in the Tapajós gold district. São Jorge features conventional open-pit mining operations and a 5,500 tpd processing plant, supported by strong infrastructure including grid power and highways.
Other key assets include La Mina in Colombia, which has a $1.0B NPV PEA; Whistler in Alaska, which has a $2.0B NPV PEA via U.S. GoldMining; Crucero in Peru, a gold-antimony project; and Yellowknife in Canada. The company is currently in the pre-production exploration and development stage and has not generated revenue.