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NeXGold Mining Corp

Company price
1.19 CAD 0.05 ( 4.39%)
Last update at 2026-11-04T16:34:00Z
VOLUME
185676
Market Cap
404.05M

Momentum Score

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NeXGold Mining Corp. operates as a gold exploration and development company in Canada. The company's flagship asset is the 100%-owned Goliath Gold Complex, an advanced stage high-grade gold deposit near Dryden, Ontario, which includes the Goliath, Goldlund, and Miller projects. Its Goliath property covers approximately 7,601 hectares (ha) comprising 284 mining claims totaling approximately 6,254 ha; four mining leases totaling 359.25 ha; and 28 land parcels totaling 1,347.189 ha. The company was formerly known as Treasury Metals Inc. and changed its name to NeXGold Mining Corp. in July 2024. NeXGold Mining Corp. was incorporated in 1997 and is headquartered in Toronto, Canada.

Source: TradingView
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Day Price Range
1.16
Low
1.19
High
52 Week Price Range
0.71
Low
2.40
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

NeXGold Mining Corp (NEXG.V) is a TSX Venture–listed company that appears to operate in the mineral exploration sector, though publicly available details about its specific projects and production status are limited. Long-term growth may depend on successful exploration and resource definition, favorable metal prices, permitting progress and the company's ability to secure financing, and investors may view the company as a levered way to gain exposure to potential upside from discovery.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
1.14
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
-
ROE
-20.50%
Net Debt
8.52M
ROCE
-15.65%
Diluted EPS TTM
-0.23

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -42.08M -20.09M -13.85M -21.86M -15.93M
Net income -40.99M -19.59M -13.39M -20.29M -15.93M
Selling general administrative 13.75M 8.90M 5.36M 5.58M 3.88M
Gross profit -0.84M -0.46M -0.20M -0.24M -0.12M
Reconciled depreciation 0.84M 0.46M 0.20M 0.24M 0.00M
Operating income -38.67M -17.17M -12.49M -19.93M -18.29M
Interest expense 3.79M 1.48M 1.38M 1.43M 0.79M
Tax provision -1.09M -0.50M -0.46M -1.56M 0.00M
Interest income 0.53M 0.00M - - -
Net interest income -3.26M -1.48M -1.38M -1.43M -0.79M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 38.67M 17.17M 12.49M 19.93M 18.29M
Cost of revenue 0.84M 0.46M 0.20M 0.24M 0.12M
Total other income expense net -0.15M -1.44M 0.02M -0.50M 3.15M
Net income from continuing ops -40.99M -19.59M -13.39M -20.29M -15.93M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 256.45M 191.48M 117.68M 123.74M 132.17M
Total liab 15.77M 32.21M 18.22M 19.65M 9.40M
Total stockholder equity 240.68M 159.27M 99.46M 104.09M 122.76M
Other current liab 1.30M 0.96M 0.10M 0.02M 2.27M
Capital stock 390.20M 288.83M 216.26M 209.60M 209.45M
Retained earnings -205.45M -163.63M -143.97M -130.59M -110.29M
Cash 87.73M 16.36M 9.43M 16.01M 10.08M
Total current liabilities 9.42M 6.03M 3.19M 9.85M 4.00M
Net debt - 8.52M 7.26M 2.04M -
Short long term debt 3.16M 1.09M 1.86M 8.50M -
Total current assets 111.61M 22.32M 11.68M 17.55M 11.91M
Long term investments - - - 0.00M 0.00M
Short term investments 21.44M 3.92M 0.67M 0.66M 0.69M
Long term debt 4.41M 23.78M 14.83M 9.55M 5.41M
Accounts payable 2.00M 1.89M 0.60M 0.52M 0.71M
Non currrent assets other 0.80M 1.39M - - -
Non current assets total 144.84M 169.15M 106.00M 106.19M 120.26M
Capital lease obligations 0.25M 0.42M 0.25M 0.36M 5.41M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -20.00M 0.00M -0.01M 14.20M 0.15M
Net borrowings -18.14M -15.88M - - -
Total cash from financing activities 101.19M -2.76M 4.73M 9.52M 23.33M
Net income -40.99M -19.59M -13.39M -20.29M -3.75M
Change in cash 71.37M 6.93M -6.59M 5.93M 5.65M
Begin period cash flow 16.36M 9.43M 16.02M 10.09M 4.44M
End period cash flow 87.73M 16.36M 9.43M 16.02M 10.09M
Total cash from operating activities -35.93M -15.02M -11.31M -17.79M -17.82M
Issuance of capital stock 122.55M 14.48M 5.54M 0.00M 6.51M
Depreciation 0.84M 0.46M 0.20M 0.24M 0.00M
Change to account receivables -0.40M -0.15M -0.72M 0.26M -0.41M
Capital expenditures 9.78M 0.05M 0.01M 0.02M 0.13M
Change in working capital 0.71M -0.27M -0.82M -0.27M 0.19M
Stock based compensation 2.58M 1.58M 1.31M 1.65M 0.75M
Other non cash items 1.19M 1.30M 1.30M -0.45M -2.88M
Free cash flow -45.71M -15.07M -11.32M -17.81M -17.96M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
NEXG
NeXGold Mining Corp
0.05
4.39%
1.19 - - 114900.86 1.75 133893.03 -6.68
OMG
Omai Gold Mines Corp
0.12
8.05%
1.61 - - - 62.63 - -4.09
ASE
Asante Gold Corporation
0.05
8.62%
0.63 - 6.57 2.23 269.42 2.23 49.52
THX
Thor Explorations Ltd.
0.06
6.98%
0.92 3.41 2.77 2.87 1.88 1.80 2.44
MKO
Mako Mining Corp
0.77
7.56%
10.95 18.47 2.34 6.21 4.73 4.31 10.00

Profile*

NeXGold Mining Corp

NeXGold Mining Corp. operates as a gold exploration and development company in Canada. The company's flagship asset is the 100%-owned Goliath Gold Complex, an advanced stage high-grade gold deposit near Dryden, Ontario, which includes the Goliath, Goldlund, and Miller projects. Its Goliath property covers approximately 7,601 hectares (ha) comprising 284 mining claims totaling approximately 6,254 ha; four mining leases totaling 359.25 ha; and 28 land parcels totaling 1,347.189 ha. The company was formerly known as Treasury Metals Inc. and changed its name to NeXGold Mining Corp. in July 2024. NeXGold Mining Corp. was incorporated in 1997 and is headquartered in Toronto, Canada.

15 Toronto Street, Toronto, ON, Canada, M5C 2E3

416 214 4654

Name Title Year Born
Mr. Jeremy Lentz Wyeth CEO & Director NA
Mr. Orin Michael Baranowsky C.F.A., CPA Chief Financial Officer NA
Ms. Rachel Pineault Vice President of Human Resources & Sustainability NA
Mr. Morgan Lekstrom President & Director NA
Mr. Dennis George Gibson CPA Consultant 1949
Mr. John Joseph Chulick B.Sc. Geology, MBA Head of Exploration 1947
Mr. Adam Larsen P.Geo. Director of Exploration NA
Ms. Philippa Cox Corporate Controller NA
Mr. Kevin Bullock P.Eng. President, CEO & Director 1965
Ms. Rachel Pineault Executive Vice President of Governance & Corporate Affairs NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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