In this interview at the Precious Metals Summit 2024, Morgan Lekstrom, President of NexGold Mining (TSXV: NEXG, OTCQX: NXGCF), provides a comprehensive overview of the company’s flagship project and strategic direction.
Lekstrom begins by highlighting the Goliath Gold Complex in Northwestern Ontario, emphasizing its 3 million ounce resource. He notes the project’s federal permitting status, a crucial milestone that de-risks the development process.
The discussion touches on NexGold’s strong development team, and then Lekstrom outlines an ambitious strategy to transition NexGold into a mid-tier producer within 4-5 years, targeting an annual production of 200,000-500,000 ounces. Lekstrom also discusses the company’s recent merger, exploration plans, and the backing of key investors like Frank Giustra.
Lekstrom aslo provides insights into the challenges and opportunities facing the junior mining sector in the current gold market environment.
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