GoldMining Inc. reports net loss of $27.3M for FY ended Nov 2024; retained earnings turn negative

U.S. GoldMining Inc.

Net loss of $27.3M (CAD) for year ended Nov 30, 2024, vs $30.4M loss in prior year; basic EPS loss $0.13.
Operating loss of $25.6M; exploration expenses $10.5M, share-based comp $2.3M, professional fees $2.0M.
Cash and cash equivalents $11.9M at Nov 30, 2024, down from $21.6M a year earlier; operating cash flow -$22.5M.
Total equity attributable to shareholders $113.8M; retained deficit $(4.4)M vs retained earnings $20.2M in 2023.
GoldMining completed ATM offerings netting $12.8M CAD; U.S. GoldMining (USGO) ATM netted $0.6M.

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