GoldMining CEO highlights strong financial position, drilling efforts, and strategic asset growth

GoldMining Inc CEO Alastair Still joined Steve Darling from Proactive to outline the company’s strengthening position in a rising gold market, underpinned by its disciplined long-term strategy and robust asset base.

Still emphasized that GoldMining Inc. is entering a "harvest mode" phase after years of acquiring high-potential assets during market downturns. That strategy has positioned the company with one of the most enviable financial and operational profiles in the junior resource sector, including approximately C$200 million in cash and tradable securities (as of market close on June 2, 2025 and cash as of February 28, 2025) and a gold-focused portfolio totaling 12.40 million measured and indicated gold equivalent ounces, with an additional 9.10 million inferred ounces across the Americas. See the Company's website and public filings for details of individual resource estimates and particulars of underlying technical reports.

“Our balance sheet is one of our key strengths,” Still stated, adding that the company is now actively unlocking value through development and monetization of these assets. A major part of that effort includes the São Jorge project in Brazil, where the company has launched the largest drilling program in its history. The goal is to advance resource definition and unlock the full value of this highly prospective project.

Still also highlighted GoldMining’s ability to generate shareholder value through spinouts, including the successful creation of Gold Royalty Corp., in which it still holds approximately 13%, and U.S. GoldMining Inc., a company focused on the Whistler gold-copper project in Alaska, where GoldMining retains a 79% ownership stake.

Beyond gold, the company is also leveraging exposure to the energy transition by holding a uranium asset in Canada’s Athabasca Basin. Notably, GoldMining recently received permits to commence drilling at this project, offering future optionality in a rising uranium market.

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