NeXGold Mining (NEXG) Q2 2026 earnings summary

Executive summary

• Advanced Goldboro and Goliath Complex projects with ongoing drilling, feasibility study progress, and expanded project teams.

• Entered Memorandum of Understanding with Eagle Lake and Lac Seul First Nations for Goliath Complex collaboration.

• Hosted community sessions and implemented benefits agreements with local and Indigenous groups.

Financial highlights

• Cash and short-term investments stood at $101.1 million as of June 30, 2026, down from $104.5 million at March 31, 2026.

• Reported net loss of $16.0 million ($0.06 per share) for Q2 2026, compared to $11.4 million ($0.05 per share) in Q1 2026, mainly due to exploration and project development spending.

Outlook and guidance

• Updated Goldboro Feasibility Study remains on track for completion in 2026, with a potential construction decision anticipated later in the year.

• Several project milestones expected in the second half of 2026, with continued focus on responsible advancement and growth.