GoldMining Updates Mineral Resource Estimate for Crucero Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 17 2026
0mins
Source: Newsfilter
- Significant Resource Increase: The updated Mineral Resource Estimate for the Crucero Project shows an indicated resource of 42.7 million tonnes at 1.26 g/t gold equivalent, totaling 1.74 million ounces, representing a 75% increase from the 2017 estimate, which will significantly enhance the company's asset value and market appeal.
- Inclusion of Antimony: For the first time, antimony has been included in the resource estimate, contributing 25% of the indicated gold equivalent and 29% of the inferred gold equivalent, indicating the project's multi-metal potential and possibly attracting more investor interest.
- Market Price Impact: The estimate is based on a long-term gold price of $3,110 per ounce, while current spot prices are nearing $5,000 per ounce, highlighting the project's economic potential and future profitability, which could drive the company's stock price higher.
- Technical Report Submission Plan: The company plans to file the NI 43-101 technical report within 45 days, providing further details on estimation methods and procedures, which will enhance investor confidence in the project and facilitate subsequent financing.
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Analyst Views on GLDG
Wall Street analysts forecast GLDG stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.110
Low
2.80
Averages
2.80
High
2.80
Current: 1.110
Low
2.80
Averages
2.80
High
2.80
About GLDG
GoldMining Inc. is a mineral exploration company focused on acquiring and developing gold assets in the Americas. It controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, the United States, Brazil, Colombia, and Peru. Its projects include Sao Jorge, Cachoeira, Boa Vista, Surubim, Batistao, Montes Aureos and Trinta, Whistler gold-copper, Nutmeg Mountain, Yellowknife Gold, Rea, La Mina, Titiribi, Yarumalito, and Crucero. The Titiribi project is a copper-gold exploration project located over 51 kilometers (km) from Medellin, Colombia. The La Mina project comprises two concessions covering over 3,208 hectares, located in the Department of Antioquia, Republic of Colombia. The Yellowknife Gold project is comprised of five properties: Ormsby - Bruce, Nicholas Lake, Goodwin Lake, Clan Lake, and Big Sky. Sao Jorge is a resource stage gold exploration project located four km west of the Cuiaba-Santarem Highway BR-163.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Geological Model Optimization: By comprehensively relogging historical drill cores, GoldMining is testing an enhanced geological model to improve understanding of the geometry and extent of the mineralization, laying the groundwork for future resource assessments.
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See More
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See More
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See More
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- Drilling Program Launched: GoldMining has commenced a core drilling program of approximately 1,200 meters at its 100%-owned Yarumalito Gold-Copper Project, aimed at validating newly identified high-priority targets, thereby advancing the project's development.
- Mineralization Potential Expansion: The drilling will focus on testing potential mineralization zones within the P-1 porphyry, with historical drilling indicating significant mineralization of 257 meters at 0.50 grams per tonne gold and 0.1% copper, showcasing substantial resource potential.
- Geological Model Optimization: By comprehensively relogging historical drill cores, GoldMining is testing an enhanced geological model to improve understanding of the geometry and extent of the mineralization, laying the groundwork for future resource assessments.
- Strategic Location Advantage: The Yarumalito project is situated in Colombia's Mid Cauca gold-copper belt, adjacent to several significant mining projects, and GoldMining's drilling activities will further solidify its market position in the region and drive resource development.
See More
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- Fast-Track Approval Process: Rua Gold submitted its Fast-Track Referral application on April 20, 2026, expecting a decision within three months, which could significantly accelerate project development timelines and enhance market competitiveness.
- Drilling Program Implementation: The company is currently executing a 19,000-meter drilling program with six rigs, aimed at improving resource assessment accuracy and expanding the deposit, which is expected to further enhance production capacity and project lifespan.
- Economic Contribution Outlook: The project is anticipated to employ approximately 200 people and contribute an estimated NZ$240 million to the regional economy, underscoring its significance in promoting local economic development.
See More
GoldMining Inc. Annual Meeting Elects Directors and Auditor
- Director Election Results: At the May 14, 2026, annual meeting, all nominated directors of GoldMining Inc. were successfully elected, with support rates exceeding 91%, indicating strong shareholder confidence in management.
- Voting Participation: The quorum for the meeting was 27.04%, reflecting a relatively low participation rate; however, sufficient shareholder involvement ensured the legitimacy and effectiveness of the decision-making process.
- Auditor Appointment: Shareholders also approved the appointment of PricewaterhouseCoopers LLP as the company's auditor for the upcoming year, a decision that will enhance financial transparency and compliance, thereby boosting investor confidence.
- Company Development Strategy: GoldMining focuses on the acquisition and development of gold assets in the Americas, and with its diversified resource portfolio, it is expected to further enhance the company's competitiveness and growth potential in the global mining market.
See More
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- Shareholder Voting Results: At the annual meeting on May 14, 2026, GoldMining Inc. shareholders voted to elect all nominated directors, with a quorum of 27.04% of outstanding shares present, indicating strong support for management.
- Director Election Details: Among the six nominated directors, David Kong was elected with the highest support at 98.79%, while Mario Bernardo Garnero achieved a 99.03% approval rate, reflecting shareholders' high confidence in the company's leadership.
- Auditor Appointment: Shareholders also approved the appointment of PricewaterhouseCoopers LLP as the company's auditor for the upcoming year, a decision that will enhance financial transparency and compliance, thereby boosting investor confidence.
- Company Development Strategy: GoldMining Inc. focuses on acquiring and developing gold assets in the Americas, aiming for long-term growth through a disciplined acquisition strategy that leverages its diversified resource portfolio and strategic investments.
See More
Contradiction in Gold Sector Investment and Discoveries
- Exploration Budget Increase: The gold sector's exploration budgets rose by 11% to $6.2 billion last year, now accounting for half of global mining exploration, yet the funds chasing new discoveries fell to a record low of just 21% of total allocations, highlighting a paradox of increased spending without corresponding discoveries.
- Central Bank Gold Purchases: In Q1 2026, central banks bought 244 tonnes of gold, surpassing both the previous quarter and the five-year average, signaling that sovereign capital views gold as a pivotal long-term reserve asset, which could further drive gold prices upward.
- Project Development Progress: Golden Goose Resources has completed the first phase of fieldwork at its Gran Esperanza gold-silver project in Argentina, covering approximately 3,950 square kilometers of geological mapping and mapping 23.6 kilometers of mineralized vein structures, laying a strong technical foundation for subsequent drilling.
- Importance of Drilling Plans: The drilling at the Gran Esperanza project will provide essential subsurface data for resource assessment, especially given its proximity to projects being drilled by major operators, further validating the geological potential of the area.
See More
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- Upsized Financing: NevGold Corp. announced an increase in its previously planned C$25 million financing to C$42,225,497 due to strong institutional demand, expected to close around May 12, 2026, which will fund the advancement of the Limousine Butte and Nutmeg Mountain projects, enhancing the company's financial flexibility.
- Significant Drill Results: At the Limousine Butte project, NevGold reported oxide antimony-gold drill intercepts of 1.93 g/t gold equivalent over 100.6 meters, including a 1.11% antimony intercept, indicating high-grade antimony potential in North America, which is expected to bolster the company's competitive position in the market.
- Successful Metallurgical Testing: The Phase II metallurgical testwork revealed gold recoveries of up to 99% from oxide antimony-gold material, demonstrating that reprocessing historical leach pads can effectively extract both antimony and gold, thereby reducing production costs and enhancing profitability.
- Resource Estimate Plans: The company aims to release its maiden antimony-gold NI 43-101 Mineral Resource Estimate in Q2 2026, targeting near-term antimony production by 2027, marking a significant milestone in resource development that could attract more investor interest.
See More
