NexGold closed its first full year as a multi-asset Canadian gold developer with a string of milestones that materially advanced both of its core assets—Goldboro (Nova Scotia) and the Goliath Gold Complex (Ontario)—and positioned the company for a construction-stage transition.
2025 execution highlights
\- Fully permitted Goldboro: Secured all remaining provincial and federal approvals, including Fisheries Act Authorizations—clearing the path to construction.
\- Delevered and financed: Repaid US$12M of debt, sold a US$24M royalty to Appian, secured a non-binding LOI for up to US$175M in project finance, and completed a $112.5M bought-deal equity raise.
\- Drill-driven growth: Completed \~36,000 m of infill and expansion drilling across Goldboro and Goliath.
\- Community and First Nations alignment: Implemented landmark benefits agreements with Mi’kmaw Chiefs and the Municipality of Guysborough.
\- Market validation: Shares rose >150% in 2025; market cap expanded >325% to >$400M.
2026 priorities—clear line of sight to build
Goldboro (construction pathway):
\- Updated MRE and Feasibility Study update
\- Finalize project financing and Final Investment Decision
\- Detailed engineering, long-lead procurement, and early works construction (H2-2026)
\- Close-spaced infill drilling to define near-surface starter ounces
Goliath (value optimization):
\- Targeted infill at Goldlund to improve depth definition
\- District-wide exploration for resource growth
\- Advance baseline and technical studies to support permitting
With Goldboro fully permitted, funding pathways in place, and drilling momentum across both assets, NexGold enters 2026 with a defined construction roadmap and multiple near-term catalysts aimed at accelerating value creation.
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