21:07:30 EST Sun 10 Dec 2023
Enter Symbol
or Name

Goldmining Inc
Symbol GOLD
Shares Issued 176,775,923
Close 2023-09-28 C$ 1.08
Recent Sedar Documents

Globe says Wainwright's Ihle keeps Goldmining at "buy"

2023-09-28 08:21 ET - In the News

The Globe and Mail reports in its Thursday, Sept. 28, edition that H.C. Wainwright analyst Heiko Ihle is sticking with his "buy" call on Goldmining. The Globe's David Leeder writes in the Eye On Equities column that Mr. Ihle gave his share target a 75-cent trim to $4.50 (all figures U.S. unless otherwise stated). Analysts on average target the shares at $3.63 (Canadian). Mr. Ihle says Vancouver-based Goldmining's La Mina project in Colombia is displaying leverage to strong gold prices. Mr. Ihle says in a note: "In short, we emphasize La Mina's leverage to spot pricing as we continue to see prices stabilize near $1,900 per ounce. This pricing is near historical highs and (in our view) should allow for profitable metal extraction at many projects such as La Mina. In turn, the asset maintains a post-tax NPV5 of $279.5-million when utilizing a $1,750/oz base case price, which increases by 58 per cent to $442.2-million when considering a gold price of $1,975/oz. Even though the PEA has recently allowed for meaningful value to surface, we also believe that the project should ultimately offer additional opportunities through its prospective land package, which hosts a suite of porphyry-style targets."

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