GoldMining Inc. Launches Extensive Drilling at São Jorge Project

An update from GoldMining ( (TSE:GOLD) ) is now available.

On May 12, 2025, GoldMining Inc. announced the commencement of an extensive exploration drilling program at its São Jorge Project in Brazil’s Tapajós gold district. The initiative, which began on schedule and within budget, involves two diamond core drills and aims to expand the deposit’s known limits. The program also includes an airborne Lidar survey, auger drilling, soil sampling, and ground geophysical surveys. The company’s strong safety and sustainability culture has facilitated a rapid ramp-up of activities, with no reported safety or environmental incidents. This exploration effort is significant for GoldMining’s operational growth and industry positioning, as it targets new mineralization areas within a substantial geochemical footprint.

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 diversified portfolio of resource-stage gold and gold-copper projects across Canada, the U.S.A., Brazil, Colombia, and Peru. GoldMining also holds significant shares in Gold Royalty Corp., U.S. GoldMining Inc., and NevGold Corp.

YTD Price Performance: -8.33%

Average Trading Volume: 130,669

Technical Sentiment Signal: Sell

Current Market Cap: C$215.6M

For a thorough assessment of GOLD stock, go to TipRanks’ Stock Analysis page.