Northgold AB (publ)
NG.ST
Stockholm Stock Exchange0.56
SEK
+0.03
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Northgold AB (publ)
NG.ST
(Stockholm Stock Exchange)
Recent
price
0.56
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Northgold AB (publ) (NG.ST) operates as a gold exploration and development company focused on advancing resource-stage projects in the Middle Ostrobothnia Gold Belt of Central Finland; its principal assets historically encompassed the flagship Kopsa gold-copper project featuring a mineral resource estimate of 547,400 ounces gold equivalent including 424,000 ounces gold and 25,770 tonnes copper, alongside the Kiimala Trend gold project with 147,300 ounces gold and the Hirsikangas gold project with 89,000 ounces gold equivalent. Founded in 2020 and headquartered at Strandvagen 7a in Stockholm, Sweden, the company targets institutional and retail investors in the precious metals sector through its listing on Nasdaq First North Growth Market Sweden. Northgold conducts exploration activities including drilling, geophysical surveys, soil sampling, and resource delineation via its former wholly owned Finnish subsidiaries Fennia Gold Oy and Lakeuden Malmi Oy. In April 2025, Northgold entered into a definitive agreement to divest both Finnish subsidiaries—including the Kopsa, Hirsikangas, and Kiimala Trend projects—to Nordic Resources Ltd (ASX:NNL) for 70 million newly issued shares valued at approximately SEK 28 million plus SEK 2 million cash, a transaction approved by shareholders and completed around May 29, 2025, as part of a strategic pivot to address funding challenges and enhance project development under a better-capitalized entity. This sale enables Northgold shareholders to retain exposure to the divested assets through ownership in Nordic Resources, which integrates them with its Pulju nickel-copper-cobalt project in Finnish Lapland. Post-transaction, Northgold shifted focus to a liquidation process, announcing in September 2025 the date of record for distributing Nordic Resources shares to shareholders amid ongoing wind-down operations.