U.S. GoldMining Inc.
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About U.S. GoldMining Inc.
U.S. GoldMining Inc. (USGO) is a gold mining company. Our project database tracks 12 projects for U.S. GoldMining Inc. with technical and economic data extracted from company filings. Its flagship project is Whistler Project (Total - Whistler, Raintree, Island Mountain), a exploration-stage open-pit & underground project in Alaska, U.S.A. holding 4,158 koz AuEq (Inferred); 6,482 koz AuEq (Indicated) of contained metal.
U.S. GoldMining is developing the Whistler gold-copper project in Alaska, a large-scale porphyry deposit with substantial gold and copper resources. The project represents a major development opportunity in one of North America's premier mining jurisdictions.
Primary Commodities
Gold
Project Economics
Whistler Gold-Copper Project
Gold-Copper· Yentna Mining District, Alaska, United States· Development
PEA
Mar 2026
Mine TypeOpen-pit & Underground (open pit at Whistler and Island Mountain; open pit and underground at Raintree West)
Contained Metal4,969 koz AuEq (Inferred total)
- Mineral Resources
- Indicated: 299,154 kt at 0.565 g/t AuEq, 0.414 g/t Au, 0.151% Cu, 1.9 g/t Ag (5,414 koz AuEq, 3,973 koz Au, 991,667 klbs Cu, 17,924 koz Ag); Inferred: 290,747 kt at 0.536 g/t AuEq, 0.470 g/t Au, 0.062% Cu, 1.6 g/t Ag (4,969 koz AuEq, 4,357 koz Au, 390,355 klbs Cu, 14,261 koz Ag). Includes Whistler, Island Mountain, and Raintree West deposits; effective date March 2, 2026.
- Royalties / Streams
- 2.75% NSR to MF2 (assigned to Osisko Mining (USA) Inc.); U.S. GoldMining can buy back 0.75% of the 2.75% NSR for US$5.0 million; 1% NSR royalty to Gold Royalty Corp.; 3.0% net NSR assumed for cutoff value determination
Source: Technical report
Island Mountain Deposit
Gold-Copper· Alaska, USA· Resource Estimate
Resource Estimate
Sep 2024
Mine TypeOpen-pit
Source: Technical report
Raintree West Deposit (Pit)
Gold-Copper· Alaska, USA· Resource Estimate
Resource Estimate
Sep 2024
Mine TypeOpen-pit
Source: Technical report
Raintree West Deposit (Underground)
Gold-Copper· Alaska, USA· Resource Estimate
Resource Estimate
Sep 2024
Mine TypeUnderground
Source: Technical report
Whistler Project (Total)
Gold· Alaska, USA (150 km northwest of Anchorage)· Exploration
Resource Estimate
Sep 2024
Mine TypeOpen-pit & Underground
Contained Metal7,244 koz Au
- Mineral Resources
- Total Indicated: 294,474 kt at 0.42 g/t Au, 0.16% Cu, 2.01 g/t Ag (6,482 koz AuEq, 3,933 koz Au, 1,024 mlbs Cu, 18,987 koz Ag); Total Inferred: 198,241 kt at 0.52 g/t Au, 0.07% Cu, 1.81 g/t Ag (4,158 koz AuEq, 3,311 koz Au, 317 mlbs Cu, 11,521 koz Ag)
- Royalties / Streams
- 3.0% NSR assumed for cut-off grade determination, derived from a 2.75% royalty to MF2 plus a 1% royalty to Gold Royalty Corp., assuming buy back of a 0.75% NSR. Royalty of 3% NSR used in pit constraining assumptions.
Source: Technical report
Whistler Project (Total - Whistler, Raintree, Island Mountain)
Gold-Copper· Alaska, U.S.A. (150 km northwest of Anchorage)· Exploration
Resource Estimate
Sep 2024
Head Grade0.68 g/t AuEq (Indicated total); 0.65 g/t AuEq (Inferred total)
Mine TypeOpen-pit & Underground
Contained Metal4,158 koz AuEq (Inferred); 6,482 koz AuEq (Indicated)
- Mineral Resources
- Total Indicated: 294,474 ktonnes at 0.68 g/t AuEq, 0.42 g/t Au, 0.16% Cu, 2.01 g/t Ag, containing 6,482 koz AuEq, 3,933 koz Au, 1,024 mlbs Cu, 18,987 koz Ag. Total Inferred: 198,241 ktonnes at 0.65 g/t AuEq, 0.52 g/t Au, 0.07% Cu, 1.81 g/t Ag, containing 4,158 koz AuEq, 3,311 koz Au, 317 mlbs Cu, 11,521 koz Ag.
- Royalties / Streams
- 3.0% NSR assumed (2.75% royalty to MF2 plus 1% royalty to Gold Royalty Corp., with assumption of buy back of 0.75% NSR)
Source: Technical report
Whistler Project (Total - Whistler, Raintree West, Island Mountain deposits)
Gold-Copper· Alaska, USA (150 km northwest of Anchorage)· Exploration
Resource Estimate
Sep 2024
Mine TypeOpen-pit & Underground
Contained Metal6,482 koz AuEq (Indicated) + 4,158 koz AuEq (Inferred)
- Mineral Resources
- Total Indicated: 294,474 kt at 0.68 g/t AuEq, 0.42 g/t Au, 0.16% Cu, 2.01 g/t Ag containing 6,482 koz AuEq, 3,933 koz Au, 1,024 Mlb Cu, 18,987 koz Ag; Total Inferred: 198,241 kt at 0.65 g/t AuEq, 0.52 g/t Au, 0.07% Cu, 1.81 g/t Ag containing 4,158 koz AuEq, 3,311 koz Au, 317 Mlb Cu, 11,521 koz Ag
- Royalties / Streams
- 3% NSR assumed (2.75% royalty to MF2 plus 1% royalty to Gold Royalty Corp., with assumption U.S. GoldMining can negotiate buy back of 0.75% NSR for net 3.0% NSR)
Source: Technical report
Whistler Project (Whistler Deposit)
Gold-Copper· Alaska, USA (150 km northwest of Anchorage)· Resource Estimate
Resource Estimate
Sep 2024
Mine TypeOpen-pit
Source: Technical report
Whistler Project (Whistler, Raintree, Island Mountain deposits)
Gold-Copper (with Silver)· Alaska, USA (150 km northwest of Anchorage)· Development
Resource Estimate
Sep 2024
Recovery70%
Mine TypeOpen-pit & Underground
- Mineral Resources
- Total Indicated: 294,474 ktonnes at 0.68 g/t AuEq (0.42 g/t Au, 0.16% Cu, 2.01 g/t Ag) containing 6,482 koz AuEq (3,933 koz Au, 1,024 Mlb Cu, 18,987 koz Ag). Total Inferred: 198,241 ktonnes at 0.65 g/t AuEq (0.52 g/t Au, 0.07% Cu, 1.81 g/t Ag) containing 4,158 koz AuEq (3,311 koz Au, 317 Mlb Cu, 11,521 koz Ag).
- Royalties / Streams
- 3.0% NSR assumed (2.75% royalty to MF2 plus 1% royalty to Gold Royalty Corp., assuming buy back of 0.75% NSR)
Source: Technical report
Whistler Project (Whistler, Raintree West & Island Mountain deposits)
Gold-Copper· Alaska, USA (150 km northwest of Anchorage)· Exploration
Resource Estimate
Sep 2024
Head Grade0.42 g/t Au, 0.16% Cu, 2.01 g/t Ag (Total Indicated); 0.52 g/t Au, 0.07% Cu, 1.81 g/t Ag (Total Inferred)
Mine TypeOpen-pit & Underground
- Mineral Resources
- Total Indicated: 294,474 ktonnes at 0.68 g/t AuEq, 0.42 g/t Au, 0.16% Cu, 2.01 g/t Ag (6,482 koz AuEq, 3,933 koz Au, 1,024 mlbs Cu, 18,987 koz Ag); Total Inferred: 198,241 ktonnes at 0.65 g/t AuEq, 0.52 g/t Au, 0.07% Cu, 1.81 g/t Ag (4,158 koz AuEq, 3,311 koz Au, 317 mlbs Cu, 11,521 koz Ag)
- Royalties / Streams
- 3.0% NSR assumed for cut-off grade determination, derived from sum of a 2.75% royalty to MF2 plus a 1% royalty to Gold Royalty Corp., with assumption U.S. GoldMining can negotiate a buy back of a 0.75% NSR
Source: Technical report
Raintree Deposit
· Exploration
Resource Estimate
Sep 2022
Source: Technical report
Whistler Project (Whistler, Raintree West and Island Mountain deposits)
Gold· Alaska Range, Alaska, USA (approximately 150 km northwest of Anchorage, Yentna Mining District)· Resource Estimate
Resource Estimate
Sep 2022
Mine TypeOpen-pit and Underground
Ownership100%
Contained Metal6,446 koz AuEq (Inferred total); Indicated total 2,993 koz AuEq
- Mineral Resources
- Indicated: 118,202 kt at 0.79 g/t AuEq (0.51 g/t Au, 0.16% Cu, 2.19 g/t Ag) containing 2,993 koz AuEq; Inferred: 316,983 kt at 0.63 g/t AuEq (0.46 g/t Au, 0.10% Cu, 1.58 g/t Ag) containing 6,446 koz AuEq (Effective date: September 22, 2022)
- Royalties / Streams
- 3.0% NSR assumed in cut-off grade determination, derived from a 2.75% royalty to MF2 plus a 1% royalty to Gold Royalty Corp., with an assumption that U.S. GoldMining can negotiate a buy back of a 0.75% NSR
Source: Technical report
Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.
How the Economics Evolved
Whistler Project
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PEA
Mar 2026
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$2.00B
IRR 33% · Capex $1.30B
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Mar 2026
$2.00B
IRR 33% · Capex $1.30B
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$2.00B
IRR 33% · Capex $1.30B
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$2.00B
IRR 33% · Capex $1.30B
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$2.00B
IRR 33% · Capex $1.30B
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Mar 2026
$2.00B
IRR 33% · Capex $1.30B
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$2.00B
IRR 33% · Capex $1.30B
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Whistler Project (Whistler, Raintree West, Island Mountain deposits)
19 studies on recordResource Estimate
Sep 2022
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Whistler Project (Whistler, Raintree, Island Mountain Deposits)
10 studies on recordResource Estimate
Sep 2022
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Whistler Project (Total: Whistler, Raintree West & Island Mountain)
3 studies on recordResource Estimate
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Island Mountain Deposit
2 studies on recordResource Estimate
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Whistler Project (Total)
2 studies on recordResource Estimate
Sep 2024
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Sep 2024
Economics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.
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Frequently Asked Questions
- What does U.S. GoldMining Inc. mine?
- U.S. GoldMining Inc. is focused on Gold.
- What is U.S. GoldMining Inc.'s flagship project?
- Whistler Project (Total - Whistler, Raintree, Island Mountain), a exploration-stage project in Alaska, U.S.A.
- How many projects does U.S. GoldMining Inc. have?
- We track 12 projects with extracted technical and economic data for U.S. GoldMining Inc.
Project Analysis
ANALYSISGOLD, COPPERPEA
Whistler Gold-Copper Project PEA: $2.00B NPV, 33% IRR
U.S. GoldMining Inc.'s Whistler Gold-Copper Project in Alaska, USA (105 miles NW of Anchorage) has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $2.00B, an after-tax IRR of 33%, and initial capital of $1.30B. The mine plan runs 14.6 years at about 183 koz Au per year.
U.S. GoldMining Inc.Jul 3, 2026
ANALYSISGOLD-COPPERPEA
Whistler Project PEA: $2.00B NPV, 33% IRR
U.S. GoldMining Inc.'s Whistler Project in Alaska, USA (105 miles NW of Anchorage) has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $2.00B, an after-tax IRR of 33%, and initial capital of $1.30B. The mine plan runs 14.6 years at about 183 koz Au per year.
U.S. GoldMining Inc.Jun 23, 2026
Quick Facts
- Ticker Symbol
- USGO
- Market Cap
- Small Cap
- Category
- Gold
- Commodities
- Gold
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.
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