GLDG GoldMining Inc.
Price Chart
Executive Summary
GoldMining Inc. filed an updated NI 43-101 technical report and Preliminary Economic Assessment (PEA) for its La Mina gold-copper project in Colombia. The PEA outlines a conventional open-pit operation with a 15,000 tpd processing plant, projecting an after-tax NPV (5%) of $1.0 billion and an after-tax IRR of 32.2% under base-case metal prices ($3,500/oz Au, $4.70/lb Cu, $40/oz Ag). The project has total Indicated resources of 33.8 million tonnes grading 0.73 g/t Au, 2.08 g/t Ag, and 0.21% Cu, and Inferred resources of 56.2 million tonnes grading 0.58 g/t Au, 2.32 g/t Ag, and 0.14% Cu.
Actionable Insight
The updated PEA demonstrates robust economics with strong leverage to current metal prices. Traders should watch for potential re-rating as the company advances toward a pre-feasibility study. Key catalysts include the Phase 1 drilling program ($1.7M) targeting resource expansion and metallurgical optimization work. Monitor for any permitting or community engagement developments in Colombia.
Key Facts
- After-tax NPV (5%) of $1,001.5 million and after-tax IRR of 32.2% under base-case metal prices ($3,500/oz Au, $4.70/lb Cu, $40/oz Ag).
- At spot prices ($4,775/oz Au, $5.75/lb Cu, $77/oz Ag), after-tax NPV increases to $1,804.1 million with an IRR of 49.1%.
- Total Indicated resources: 33.8 Mt grading 0.73 g/t Au, 2.08 g/t Ag, 0.21% Cu (793,550 oz Au, 159.4 Mlbs Cu).
- Total Inferred resources: 56.2 Mt grading 0.58 g/t Au, 2.32 g/t Ag, 0.14% Cu (1,049,348 oz Au, 171.4 Mlbs Cu).
- Life-of-mine production: 1.2 Moz Au, 195 Mlbs Cu, 2.6 Moz Ag over 11.2 years.
- Initial capital expenditure estimated at $523.3 million with a payback period of 2.7 years.
- LOM cash cost of $872/oz Au and AISC of $1,045/oz Au (by-product basis).
- Metallurgical recoveries projected at 91% for Au, 80% for Cu, and 64% for Ag.
- Phase 1 work program budgeted at $4.55 million for resource expansion, metallurgical testing, and geotechnical studies.
Financial Impact
After-tax NPV of $1.0 billion (base case) to $1.8 billion (spot price) on $523.3 million initial capex; 11.2-year mine life producing 1.2 Moz Au, 195 Mlbs Cu, 2.6 Moz Ag.
Risk Factors
- High proportion of Inferred Mineral Resources (62% of total tonnes) in the mine plan, which are too speculative for conversion to reserves.
- No site-specific geotechnical or hydrological studies completed; pit slope assumptions (47.5 degrees) may not be achievable.
- No comprehensive environmental baseline studies or ESIA completed; permitting timeline uncertain.
- Colombian operating jurisdiction carries political, security, and regulatory risks.
- No off-take agreements or smelter contracts negotiated; concentrate marketing assumptions are preliminary.
Market Snapshot
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001437749-26-019781 |
| Exhibit: ex_973476.htm | 0001437749-26-019781 |
| Exhibit: ex_973531.htm | 0001437749-26-019781 |
| Exhibit: ex_973532.htm | 0001437749-26-019781 |
| Exhibit: ex_973475.htm | 0001437749-26-019781 |
| Document: gldmn20260602_6k.htm | 0001437749-26-019781 |
| Document: 0001437749-26-019781-index-headers.html | 0001437749-26-019781 |
| Document: 0001437749-26-019781-index.html | 0001437749-26-019781 |
| Document: 0001437749-26-019781.txt | 0001437749-26-019781 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
3d ago
|
Institutional Cluster
| $0.9091 awaiting T+5 | awaiting T+5 | — | $0.9600 (+5.60%) |
|
Jun 8, 2026
7d ago
|
6-K
| $0.9531 awaiting T+5 | awaiting T+5 | — | $0.9600 (+0.72%) |
|
May 26, 2026
20d ago
|
6-K
| $1.11 $1.14 | ▲ +2.70% | ▲ +1.49% | $0.9600 (−13.51%) |
|
May 15, 2026
4w ago
|
6-K
| $1.10 $1.09 | ▼ −0.91% | ▼ −1.87% | $0.9600 (−12.73%) |
|
Apr 28, 2026
6w ago
|
6-K
| $1.18 $1.15 | ▼ −2.54% | ▼ −4.23% | $0.9600 (−18.64%) |
|
Apr 10, 2026
9w ago
|
6-K
| $1.29 $1.33 | ▲ +3.10% | ▼ −0.19% | $0.9600 (−25.58%) |
|
Apr 8, 2026
9w ago
|
6-K
| $1.26 $1.32 | ▲ +4.76% | ▲ +1.58% | $0.9600 (−23.81%) |
|
Mar 30, 2026
11w ago
|
6-K
| $1.10 $1.20 | ▲ +9.09% | ▲ +4.79% | $0.9600 (−12.73%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access