GoldMining Inc (GLDG) Sees 265% NPV Increase in La Mina Project

AI Summary

GoldMining Inc (GLDG) released an updated preliminary economic assessment for its La Mina project, showing a 265% increase in after-tax net present value (NPV) to $1 billion compared to the previous study. The updated study indicates a payback period of 2.7 years on initial capital expenditures of $523 million. At current spot prices, the project’s value could rise to $1.8 billion, reducing the payback period to 1.9 years. The La Mina project represents a significant portion of GoldMining's resource portfolio, contributing to 9% of its measured and indicated resources.