Why Keith Neumeyer’s First Mining and Westward Gold Are Surging
First Mining Gold (TSX: FF) gained by 15.25% today to $0.68 per share on volume of 7.71 million shares as we approach Springpole's final Federal Environmental Assessment Decision expected to occur next week. The company is approaching the finish line of an 8.5-year permitting process and approval could unlock strategic partnership discussions, project financing opportunities, and a valuation re-rating. First Mining Founder Keith Neumeyer has been adding significantly to his position in recent months!
Keith Neumeyer has also been investing big into NIA's latest brand-new gold stock suggestion Westward Gold (CSE: WG), which gained by 10% today to $0.11 per share! WG has launched the first of three drill rigs targeting the SSD Zone at WG's Toiyabe Hills Gold Project, an 84 sq km fully contiguous land package directly adjacent to Barrick's Cortez Complex, which includes its crown jewel asset, the Fourmile Gold Project, that will act as the cornerstone of Barrick's record-breaking North American gold mining IPO scheduled for later this year!
Fourmile is the most significant high-grade low-cost gold discovery of the past century, with commercial production expected to begin in 2030 and its full ramp-up continuing into 2034. Fourmile by itself will produce 750,000 ounces of gold annually for 25+ years, thereby turning Cortez into the world's #1 largest producing gold mining complex!
WG believes that its SSD Zone has potential for a Fourmile-like high-grade gold discovery considering that the company has been discovering many of the same alteration types observed at Fourmile, including silicification and brecciation!
When WG last launched drilling at the SSD Zone in October 2022, the company intersected high-grade gold, causing WG shares to gain by 300% over the following six months despite a bear market in junior gold exploration stocks. WG hit a high of $0.20 per share in April 2023 and gold has doubled since then, with many junior gold exploration stocks trading today at prices that are 5-10x above their April 2023 share prices.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from FF of US$100,000 cash for a twelve-month marketing contract and previously received US$50,000 cash for a six-month marketing contract which has since expired. NIA has received compensation from WG of US$60,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.