GoldMining Delivers Positive Mid-Year Shareholder Update for 2026

On June 25, 2026, GoldMining Inc. (TSX: GOLD, NYSE American: GLDG) issued a comprehensive message from its President and CEO, outlining the company’s progress in enhancing shareholder value and advancing its asset portfolio in the first half of the year.

Financial Strength and No Debt

GoldMining has reported a solid financial position, boasting no debt and approximately US$185 million in cash and publicly traded securities. This positions the company favorably comparable to its entire market capitalization as of June 24, 2026, indicating robust fiscal health.

The company has emphasized that this strategic cash reserve sets the stage for continued growth and development across its projects.

Unlocking Opportunities with Economic Assessments

In a significant move towards realizing project value, GoldMining released two preliminary economic assessments (PEAs) within the year. The São Jorge Project in Brazil has shown a post-tax net present value (NPV5%) of US$532 million, while the La Mina Project, located in Colombia, has an impressive US$1.0 billion NPV5%. Additionally, U.S. GoldMining, a subsidiary of GoldMining, conducted an initial PEA for the Whistler Gold-Copper Project, indicating a conceptual NPV5% of US$2.0 billion. These figures reinforce GoldMining’s commitment to turning theoretical reserves into tangible economic opportunities.

Proactive Exploration and Resource Growth

GoldMining is not merely a resource holder; the company is actively engaging in resource development and exploration. With three drill rigs operational—two located in Brazil (São Jorge) and one in Colombia (Yarumalito)—the company aims to enhance resource growth. Furthermore, additional drilling activities are expected to commence in Alaska, ensuring exploration momentum continues across the board.

The company reports a substantial 13.1 million gold equivalent ounces in measured and indicated categories, alongside 9.0 million ounces in the inferred category. As GoldMining continues to explore and develop its high-grade Yellowknife Gold Project in Canada, the company remains focused on unlocking value from its sizable global resource base.

Strategic Pillars for Future Growth

GoldMining has articulated three guiding pillars underpinning its current strategy:

1. Value Proposition: With a solid balance sheet, the company stands out in the junior mining sector. The absence of debt combined with substantial cash reserves allows GoldMining to capitalize on lucrative market opportunities and advance its projects effectively.

2. Dedicated Team: The company's technical team has worked diligently to deliver technical assessments and advance projects efficiently. The São Jorge Project offers an impressive capital efficiency ratio, with an estimated initial capital requirement that positions it attractively within the current financial landscape.

3. District-Scale Growth in Colombia: The La Mina Project exemplifies sound economics, projecting a compelling NPV and a short payback period. The strategic consolidation of multiple projects in Colombia signals GoldMining’s long-term vision for resource development in this rich mining district. The company anticipates expanding its resource base at Yarumalito through an active drilling campaign, further solidifying its position in the Mid-Cauca Belt.

Outlook for H2 2026

Looking ahead, GoldMining is poised for considerable progress in the latter half of 2026. The company expects a series of catalysts, including ongoing drilling results and advancements towards pre-feasibility and permitting initiatives at the São Jorge Project. This proactive approach aims to mitigate risks associated with the exploration and enhance shareholder value. Moreover, the company is exploring potential partnerships to unlock value from non-core assets.

With a promising portfolio and a strategic focus on value realization, GoldMining presents a robust case for investors seeking engagement in the resource sector. Alastair Still, President and CEO, expresses gratitude for shareholder support and excitement for the pathways ahead in this pivotal phase of growth for the company.

Conclusion

As GoldMining continues to evolve its strategies and expands its asset portfolio, stakeholders can anticipate dynamic developments that promise to yield substantial value. The foundation laid in the first half of 2026 sets the stage for an accelerative second half, reinforcing GoldMining's position as a key player in the gold mining industry.