GoldMining Inc. Begins Exploration at Yellowknife Gold Project with Successful Financing

GoldMining ( (TSE:GOLD) ) has issued an update.

On June 9, 2025, GoldMining Inc. announced the successful closing of a non-brokered private placement, raising $500,000 through the issuance of flow-through shares at a 25% premium to the previous closing price. This marks the commencement of exploration activities at the Yellowknife Gold Project, the first since 2012. The project, located in the Yellowknife Greenstone Belt, is historically significant due to the Discovery Mine, a past high-grade gold producer. The funds will be used for Canadian exploration expenses at the Yellowknife Gold Project, with all qualifying expenditures to be renounced by December 31, 2025. This development is expected to enhance GoldMining’s position in the gold exploration industry by tapping into the high-grade potential of the Yellowknife region.

The most recent analyst rating on (TSE:GOLD) stock is a Buy with a C$2.60 price target. To see the full list of analyst forecasts on GoldMining stock, see the TSE:GOLD Stock Forecast page.

Spark’s Take on TSE:GOLD Stock

According to Spark, TipRanks’ AI Analyst, TSE:GOLD is a Underperform.

GoldMining’s overall score reflects significant financial struggles with zero revenue and consistent losses. The technical indicators show a bearish trend, and the negative P/E ratio highlights poor valuation. These factors combine to provide a low attractiveness score.

To see Spark’s full report on TSE:GOLD stock, click here.

More about GoldMining

GoldMining Inc. is a public mineral exploration company focused on acquiring and developing gold assets in the Americas. The company has a diverse portfolio of resource-stage gold and gold-copper projects located in Canada, the U.S.A., Brazil, Colombia, and Peru. GoldMining Inc. also holds significant shares in Gold Royalty Corp., U.S. GoldMining Inc., and NevGold Corp.

YTD Price Performance: -10.83%

Average Trading Volume: 134,531

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$209.7M

See more data about GOLD stock on TipRanks’ Stock Analysis page.