Newmont Pays Barrick Billions to Add Fourmile to Nevada Gold Mines Joint Venture, Westward Gold Perfectly Positioned to Capitalize

Newmont (NEM) today agreed to pay Barrick (B) $1.95 billion in cash to add Fourmile to the Nevada Gold Mines Joint Venture, which is 38.5% owned by Newmont and 61.5% owned by Barrick. This transaction valued Fourmile at only US$5.065 billion when analysts estimate Fourmile to be worth $10-$20 billion. Because of this, Newmont gained by 3.79% today vs. Barrick declining by 6.45%. Based on the market reaction, we can pretty much infer a market value for Fourmile of $15 billion. Today’s settlement gives Barrick the greenlight for its North American IPO before year-end, which will make Fourmile a household name across America.

Westward Gold (CSE: WG) has a market cap here at $0.185 per share of only US$31.21 million when their SSD Zone is directly adjacent to Fourmile with the same geophysical signatures. WG already knows for a fact that high-grade gold exists in the SSD Zone near the same depths as where Barrick discovered Fourmile. They have spent the last three years completing extensive multi-disciplinary groundwork, including systematic 1:5000 scale Anaconda-style surface mapping, re-logging of thousands of meters of historical core and RC chips, and a 468-meter surface trenching program that exposed high-angle faults and returned high-grade assays up to 17.90 g/t Au. WG has also done airborne magnetic, gravity, and CSAMT geophysical surveys alongside surface geochemistry and 3D geological modeling to target high-priority extensions at depth and figure out where it is likely that enough high-grade gold has pooled together in the same spot to form a Fourmile-like high-grade gold deposit.

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 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.