GoldMining Inc.
GoldMining is a multi-asset gold exploration and development company holding a diversified portfolio of projects across the Americas, with its flagship La Mina gold-copper project in Colombia carrying an updated 2026 PEA showing a US$1.0 billion after-tax NPV5% and a 32.2% IRR; the company holds roughly US$185 million in cash and publicly traded securities with no debt.
Notable vs. Peers
- Jurisdiction risk score of 6/10 is meaningfully riskier than the peer average of 7.8/10.
- Trading within 1% of its 52-week low — weak recent price momentum.
Lifecycle Milestones
Not yet determined: mill, tailings facility.
Combined view across 6 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.
- 32.2%La Mina Gold-Copper Project, Colombia
- 11.2 yrsLa Mina Gold-Copper Project, Colombia
Jurisdiction (40%)6/10
Colombia (flagship La Mina project) — moderate Latin American mining-sector and security risk, though an increasingly active mining investment jurisdiction; GoldMining also holds a diversified portfolio of gold projects across the Americas (Brazil, US, Canada).
Infrastructure (40%)7.9/10
Confirmed road access and confirmed grid power at La Mina Gold-Copper Project, Colombia; existing mill and tailings facility not yet researched, counted at a neutral 5/10 until established.
Nearby producing mine (20%)Not yet researched
No project coordinates on file yet, so distance to a producing mine can't be measured.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score: Not yet researched
Distance not yet researched: no project coordinates on file
Distance can't be measured without coordinates, so excluded rather than counted as far.
Weight 22.5% - Lifecycle stageSub-score:6/10
Stage: Preliminary Economic Assessment
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 57% here - JurisdictionSub-score:6/10
Colombia: jurisdiction score 6/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 26% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 17% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
President and CEO of GoldMining Inc.; also Director & Chairman of the Board of U.S. GoldMining Inc. 30+ years in mining; prior leadership roles at Newmont, Goldcorp, Placer Dome, Kinross Gold, Agnico Eagle; 10+ years in corporate development. BSc (University of New Brunswick); MSc structural geology (Queen's University).
Chief Financial Officer and Secretary of GoldMining Inc. Former Treasurer/CFO of Uranium Energy Corp. (2006-2011); consultant to public/private companies on corporate finance and administration. Degree in Building Technology, Land and Construction Economics (BCIT).
Vice President Exploration of GoldMining Inc.; also President & Chief Executive Officer of U.S. GoldMining Inc. 30+ years in gold exploration across Australia/Canada; former VP Exploration, Kaminak Gold Corp. (led Coffee Gold Deposit team, Yukon). Registered Professional Geoscientist; University of Canterbury, NZ.
Vice President, Corporate Development and Investor Relations of GoldMining Inc. 10+ years in metals/mining finance; former Director of Corporate Development, Sandstorm Gold Royalties; equity research at BMO Capital Markets. CPA, CA; BBA, University of Guelph.
Country Manager, Brazil for GoldMining Inc. 40+ years in exploration/project development (Brazil/Canada); 20 years at De Beers Group. NI 43-101 Qualified Person; BSc Geology, Universidade do Amazonas.
Director, Engineering Studies at GoldMining Inc. 25+ years across senior/junior producers (SSR Mining, Great Panther Mining, Goldcorp). Registered P.Eng; UBC degrees.
VP, Environment, Social and Governance at GoldMining Inc. Formerly led Monitor Deloitte's ESG/sustainability strategy practice. Honors BCom, Telfer School of Management.
Vice President, Project Development of GoldMining Inc. (TSX: GOLD) and of its majority-owned subsidiary U.S. GoldMining Inc. (Nasdaq: USGO). Mining engineer with 30+ years' international experience in underground and open-pit operations, with progressive leadership roles at Goldcorp, Newmont, Eldorado Gold, Sandstorm Gold Royalties and Royal Gold. Professional Engineer licensed in British Columbia; Fellow, Association of Engineers Canada. Degrees from Lakehead University, the Technical University of Petrosani and Queen's University.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
The shareholder register is visible, and the specialist money in it is real but small. Commodity Capital AG, a German resources-focused boutique, holds about 2.2% across its vehicles as at January 2026; Structured Solutions' Next Generation Resources Fund about 1.4%; Ruffer LLP about 0.19% as at June 2026. That is roughly 3.8% between them -- named specialists, but under the 5% threshold. The rest of the 13.4% institutional total is VanEck's junior gold ETF, Renaissance, Jane Street, Marshall Wace, Millennium and bank brokerage lines. No producer holds a stake, and there are no insider purchases on record.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
GoldMining is a gold exploration and development company with a portfolio across the Americas: the Titiribi and La Mina gold-copper projects in Colombia, Sao Jorge and Cachoeira in Brazil, Yellowknife in Canada and Crucero in Peru, all 100%-owned, plus about 74.2% of the separately listed U.S. GoldMining. Measured and indicated resources across those six projects total 10,016,676 oz of gold (1,140,000 oz measured and 8,876,676 oz indicated) plus 7,576,756 oz inferred, led by Titiribi's 5,540,000 oz. The updated preliminary economic assessment for La Mina, effective April 2026, shows an after-tax NPV5% of US$1.0B and a 32.2% IRR at US$3,500/oz gold, with initial capital of about US$523M and an 11.2-year mine life. Sao Jorge also has a June 2026 preliminary economic assessment, while Titiribi, Yellowknife, Cachoeira and Crucero are at the resource stage.