NeXGold Mining (NEXG) Q1 2026 earnings summary

Executive summary

• Advanced and de-risked two key projects in Q1 2026, focusing on development and exploration activities.

• Progressed toward a construction decision at Goldboro and optimized the Goliath Gold Complex through drilling programs.

• Maintained strong engagement with local communities and Indigenous Nations.

Financial highlights

• Cash and short-term investments stood at $104.5 million as of March 31, 2026, down from $107.7 million at year-end 2025.

• Net loss for Q1 2026 was $11.4 million ($0.05 per share), compared to $9.4 million ($0.07 per share) in the prior period.

• Net cash used in operating activities was $8.6 million, partially offset by $5.5 million from warrant and stock option exercises.

Outlook and guidance

• Plans to build on Q1 successes through steady advancement and consistent execution.

• Ongoing technical studies and drilling programs expected to inform future construction and resource updates.