NexGold Mining Corp

NexGold Mining Corp - Company Overview

Company Overview

NexGold Mining Corp is a Canadian gold exploration and development company advancing two 100%-owned Canadian gold projects: the Goldboro Gold Project in Nova Scotia and the Goliath Gold Complex in Ontario. Listed on TSXV (NEXG) and OTCQX (NXGCF).

Management and Leadership

• Kevin Bullock - CEO and Chairman, Professional Mining Engineer with 25+ years experience
• Orin Baranowsky - CFO with extensive mining finance experience
• Strategic Advisors: Frank Giustra (Fiore Group) and Shawn Khunkhun

Projects

Goliath Gold Complex (Ontario)

• Resource: 2.1Moz M&I and 0.8Moz Inferred
• Financial Metrics: C$336M NPV5%, 25.4% IRR, 13-year mine life
• Capital: C$335M initial, 2.8-year payback
• Production: 109,000 oz/year (first 9 years)
• Status: Federal EA approval received, Feasibility Study expected H2 2025

Goldboro Gold Project (Nova Scotia)

• Resource: 2.6Moz M&I and 0.5Moz Inferred
• Financial Metrics: C$328M NPV5%, 25.5% IRR, 10.9-year mine life
• Capital: C$271M initial, 2.9-year payback
• Production: 100,000 oz/year
• Status: Provincial approval received, first under Nova Scotia's new phased approval process

Partners and Strategic Relationships

• Appian Capital Advisory: $24M royalty agreement and letter of intent for $175M construction financing
• Shareholder Structure: 40% institutional, 45.2% retail, 6.9% Frank Giustra

Financial Status

• Cash Position: $8.5M (as of June 30, 2025)
• Debt: US$12.0M (being repaid with Appian proceeds)
• Market Capitalization: $160.5M
• Shares: 158.9M outstanding, 209.1M fully diluted
• Share Price: $1.01 (August 27, 2025)

Short and Long-term Plans

• Short-term: Complete Goliath Feasibility Study (H2 2025), close Appian financing, advance Goldboro toward construction
• Long-term: Begin construction at Goldboro, achieve production at both projects, target combined production of ~2.4Moz AuEq

ESG

• Comprehensive Environmental Assessment approvals for both projects
• Active community consultation and First Nation engagement
• Focus on sustainable development practices

Latest News

• Secured $24M royalty agreement with Appian Capital Advisory (September 2025)
• Letter of intent for up to $175M senior secured credit facility for Goldboro construction
• Goldboro Project received provincial approval under Nova Scotia's new phased approval process

Summary Overview

NexGold is positioned to become Canada's newest gold developer with two advanced-stage projects featuring strong economics. The recent Appian financing provides non-dilutive capital to advance Goldboro toward construction while eliminating debt. With experienced management, key regulatory approvals in place, and clear development pathways, NexGold represents a compelling opportunity in the gold development sector.