{"id":8292,"date":"2026-05-06T14:58:38","date_gmt":"2026-05-06T18:58:38","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=8292"},"modified":"2026-05-06T15:01:05","modified_gmt":"2026-05-06T19:01:05","slug":"gold-surges-132-to-4688-per-oz-research-wg-immediately","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/articles\/gold-surges-132-to-4688-per-oz-research-wg-immediately\/","title":{"rendered":"Gold Surges $132 to $4,688 Per Oz, Research WG Immediately"},"content":{"rendered":"\n<style>\n  .nia-gold-wrap {\n    max-width: 650px;\n    margin: 0 auto;\n    font-family: Georgia, 'Times New Roman', serif;\n    color: #1a1a1a;\n    background-color: #ffffff;\n    padding: 20px 16px;\n    box-sizing: border-box;\n  }\n\n  .nia-gold-wrap h1,\n  .nia-gold-wrap h2,\n  .nia-gold-wrap h3,\n  .nia-gold-wrap p {\n    margin-top: 0;\n  }\n\n  .nia-gold-wrap h2 {\n    font-size: 20px;\n    color: #b8860b;\n    border-bottom: 1px solid #e0c060;\n    padding-bottom: 6px;\n    margin-top: 30px;\n    margin-bottom: 14px;\n  }\n\n  .nia-gold-wrap h3 {\n    font-size: 17px;\n    color: #8B6914;\n    margin-bottom: 10px;\n    margin-top: 20px;\n  }\n\n  .nia-gold-wrap p {\n    font-size: 15px;\n    line-height: 1.8;\n    margin-bottom: 16px;\n  }\n\n  \/* Hero image *\/\n  .nia-hero-img {\n    width: 100%;\n    max-width: 600px;\n    display: block;\n    margin: 0 auto 8px auto;\n    border: 2px solid #b8860b;\n    border-radius: 6px;\n    height: auto;\n  }\n\n  .nia-caption {\n    font-size: 13px;\n    color: #666;\n    text-align: center;\n    margin-bottom: 28px;\n  }\n\n  \/* Table wrapper makes tables scroll horizontally on small screens *\/\n  .nia-table-scroll {\n    width: 100%;\n    overflow-x: auto;\n    -webkit-overflow-scrolling: touch;\n    margin-bottom: 24px;\n    border-radius: 4px;\n  }\n\n  .nia-table-scroll table {\n    width: 100%;\n    min-width: 380px;\n    border-collapse: collapse;\n    font-size: 14px;\n  }\n\n  .nia-table-scroll thead tr {\n    background-color: #b8860b;\n    color: #ffffff;\n  }\n\n  .nia-table-scroll thead th {\n    padding: 10px 14px;\n    text-align: left;\n    white-space: nowrap;\n  }\n\n  .nia-table-scroll thead th.center {\n    text-align: center;\n  }\n\n  .nia-table-scroll thead th.right {\n    text-align: right;\n  }\n\n  .nia-table-scroll tbody tr:nth-child(odd) {\n    background-color: #fffbf0;\n  }\n\n  .nia-table-scroll tbody tr:nth-child(even) {\n    background-color: #ffffff;\n  }\n\n  .nia-table-scroll tbody td {\n    padding: 10px 14px;\n    border-bottom: 1px solid #e8d898;\n    vertical-align: top;\n  }\n\n  .nia-table-scroll tbody td.center {\n    text-align: center;\n  }\n\n  .nia-table-scroll tbody td.right {\n    text-align: right;\n  }\n\n  .nia-table-scroll tbody td.bold {\n    font-weight: bold;\n  }\n\n  .nia-table-scroll tbody tr:last-child td {\n    border-bottom: none;\n  }\n\n  \/* Callout box *\/\n  .nia-callout {\n    background-color: #fffbf0;\n    border-left: 4px solid #b8860b;\n    padding: 14px 18px;\n    margin-bottom: 20px;\n    border-radius: 0 6px 6px 0;\n  }\n\n  .nia-callout p {\n    margin: 0;\n    color: #333;\n    font-size: 15px;\n    line-height: 1.8;\n  }\n\n  \/* Logo \/ map images *\/\n  .nia-img-center {\n    display: block;\n    margin: 0 auto;\n    width: 100%;\n    height: auto;\n  }\n\n  .nia-img-logo {\n    max-width: 280px;\n  }\n\n  .nia-img-map {\n    max-width: 600px;\n    border: 2px solid #b8860b;\n    border-radius: 6px;\n  }\n\n  .nia-img-wrap {\n    text-align: center;\n    margin: 18px 0;\n  }\n\n  \/* Disclaimer *\/\n  .nia-disclaimer {\n    border-top: 1px solid #ddd;\n    padding-top: 16px;\n    margin-top: 10px;\n  }\n\n  .nia-disclaimer p {\n    font-size: 11px;\n    color: #888;\n    line-height: 1.7;\n    font-style: italic;\n    text-align: center;\n    margin-bottom: 0;\n  }\n\n  \/* Gold accent color utility *\/\n  .nia-gold {\n    color: #b8860b;\n  }\n<\/style>\n\n<div class=\"nia-gold-wrap\">\n\n  <!-- HERO IMAGE -->\n  <div class=\"nia-img-wrap\" style=\"margin-bottom: 0;\">\n    <img decoding=\"async\"\n      class=\"nia-hero-img\"\n      src=\"https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2026\/05\/goldbreakoutchart.jpg\"\n      alt=\"Gold Breakout Chart\"\n    \/>\n  <\/div>\n  <p class=\"nia-caption\">\n    Gold surges <strong>$132.86 today to $4,688.47 per oz<\/strong>\n  <\/p>\n\n  <!-- MARKET OVERVIEW -->\n  <p>Gold is staging a significant breakout today, surging\n    <strong class=\"nia-gold\">$132.86 to $4,688.47 per ounce<\/strong>&hellip; a move that is sending ripples through the entire precious metals sector.\n  <\/p>\n\n  <p>Prominent gold bull Peter Schiff has set a year-end price target of\n    <strong>$6,500\/oz<\/strong>. NIA maintains that even a pullback scenario to $3,800\/oz before\n    a subsequent rally to $6,500\/oz would be sufficient to drive the\n    <strong>TSX Venture Composite Index to new multi-year highs<\/strong>. In either scenario,\n    the smallest gold exploration and development companies&hellip; many of which are trading at\n    historically depressed levels&hellip; stand to benefit the most.\n  <\/p>\n\n  <!-- BARRICK IPO SECTION -->\n  <h2>The Barrick Catalyst: A Once in a Generation IPO<\/h2>\n\n  <p>Later this year,\n    <strong>Barrick Gold will spin off its North American gold assets in what is expected to\n    be the largest gold IPO in history.<\/strong>\n  <\/p>\n\n  <p>The parallel to the tech sector is striking. Just as dozens of speculative, revenue-free\n    space companies have commanded valuations in the tens of billions on the mere anticipation\n    of a SpaceX IPO, NIA expects <strong>small-cap Nevada gold exploration stocks<\/strong> to\n    re-rate dramatically ahead of Barrick&#39;s landmark offering.\n  <\/p>\n\n  <!-- WHAT'S BEING IPO'D -->\n  <h3>What Is Being IPO&#39;d<\/h3>\n\n  <p>The spinoff will include Barrick&#39;s stake in <strong>Nevada Gold Mines (NGM)<\/strong>,\n    a joint venture <strong>61.5% owned by Barrick<\/strong> and\n    <strong>38.5% owned by Newmont<\/strong>, as well as Barrick&#39;s\n    <strong>100% owned Fourmile Project<\/strong>, which is not part of the NGM joint venture.\n  <\/p>\n\n  <!-- NGM TABLE -->\n  <h3>Nevada Gold Mines: The World&#39;s #1 Gold Complex<\/h3>\n\n  <p>The combined <strong>Cortez and Carlin<\/strong> operations under Nevada Gold Mines rank as\n    the <strong>#1 largest gold mining complex on Earth<\/strong>, with estimated 2025 production\n    of approximately <strong>2.6 to 2.7 million ounces<\/strong>. As of 2022:\n  <\/p>\n\n  <div class=\"nia-table-scroll\">\n    <table>\n      <thead>\n        <tr>\n          <th>Complex<\/th>\n          <th class=\"center\">Global Rank<\/th>\n          <th class=\"right\">Annual Production<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr>\n          <td>Carlin<\/td>\n          <td class=\"center\">#4<\/td>\n          <td class=\"right\">1,571,000 oz<\/td>\n        <\/tr>\n        <tr>\n          <td>Cortez<\/td>\n          <td class=\"center\">#8<\/td>\n          <td class=\"right\">731,700 oz<\/td>\n        <\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n\n  <p>Since 2024, NGM has been ramping up production at the <strong>Goldrush deposit<\/strong>\n    within the Cortez complex. Goldrush alone contributed an estimated\n    <strong>130,000 oz in 2024<\/strong> and is targeting production of\n    <strong>up to 400,000 oz per year by 2028<\/strong>&hellip; potentially elevating Cortez by\n    itself into the <strong>top 5 largest gold complexes globally<\/strong>.\n  <\/p>\n\n  <!-- FOURMILE -->\n  <h3>Fourmile: The Crown Jewel of the IPO<\/h3>\n\n  <div class=\"nia-callout\">\n    <p>Barrick&#39;s <strong>100% owned Fourmile Project<\/strong> is widely regarded as\n      <strong>one of the most significant high-grade gold discoveries of the century.<\/strong>\n      Unlike NGM, Fourmile belongs solely to Barrick and will serve as the centerpiece of the\n      IPO. Fourmile is projected to produce\n      <strong class=\"nia-gold\">600,000 to 750,000 ounces of gold annually for over 25 years.<\/strong>\n    <\/p>\n  <\/div>\n\n  <!-- WESTWARD GOLD SECTION -->\n  <h2>The Opportunity: Westward Gold (CSE: WG)<\/h2>\n\n  <!-- WG LOGO -->\n  <div class=\"nia-img-wrap\">\n    <img decoding=\"async\"\n      class=\"nia-img-center nia-img-logo\"\n      src=\"https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2026\/05\/westwardgoldlogo.jpg\"\n      alt=\"Westward Gold Logo\"\n    \/>\n  <\/div>\n\n  <p>Among the most deeply discounted Nevada gold explorers,\n    <strong>Westward Gold (CSE: WG)<\/strong> stands out for one critical reason: geographic\n    proximity to the very assets anchoring Barrick&#39;s historic IPO.\n  <\/p>\n\n  <p>Westward&#39;s <strong>100% owned, 70 km&sup2; Toiyabe Hills Gold Project<\/strong> sits\n    <strong>directly adjacent to the Cortez complex<\/strong> and within striking geological\n    distance of Barrick&#39;s Fourmile deposit.\n  <\/p>\n\n  <!-- MAP -->\n  <div class=\"nia-img-wrap\">\n    <img decoding=\"async\"\n      class=\"nia-img-center nia-img-map\"\n      src=\"https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2026\/05\/westwardgoldwglandpackage.jpg\"\n      alt=\"Westward Gold Project Location vs Cortez Complex\"\n    \/>\n    <p style=\"font-size:13px; color:#666; margin-top:8px; margin-bottom:0;\">\n      Westward Gold&#39;s Toiyabe Hills Project sits directly adjacent to Barrick&#39;s\n      Cortez complex and Fourmile deposit\n    <\/p>\n  <\/div>\n\n  <!-- SSD ZONE -->\n  <h3>The SSD Zone: A Potential Fourmile Analog<\/h3>\n\n  <p>In the coming months, Westward Gold will commence drilling at its\n    <strong>SSD Zone<\/strong> within Toiyabe Hills. Geologists have identified features at the\n    SSD Zone that are <strong>distinctly reminiscent of the surface geology above Barrick&#39;s\n    Fourmile deposit<\/strong>, including silica alteration and quartz porphyry hosted\n    mineralization. These indicators are particularly notable because Fourmile&#39;s discovery\n    began with precisely these same geological signatures&hellip; making the SSD Zone one of\n    the most compelling drill targets in Nevada today.\n  <\/p>\n\n  <!-- SUMMARY TABLE -->\n  <h2>Investment Thesis at a Glance<\/h2>\n\n  <div class=\"nia-table-scroll\">\n    <table>\n      <thead>\n        <tr>\n          <th>Factor<\/th>\n          <th>Detail<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr>\n          <td class=\"bold\">Gold Price Today<\/td>\n          <td>Up $132.86 to $4,688.47\/oz<\/td>\n        <\/tr>\n        <tr>\n          <td class=\"bold\">Upside Target<\/td>\n          <td>$6,500\/oz by year-end (Schiff)<\/td>\n        <\/tr>\n        <tr>\n          <td class=\"bold\">Barrick IPO Catalyst<\/td>\n          <td>Largest gold IPO in history later this year<\/td>\n        <\/tr>\n        <tr>\n          <td class=\"bold\">Fourmile Potential<\/td>\n          <td>600,000 to 750,000 oz per year for 25+ years<\/td>\n        <\/tr>\n        <tr>\n          <td class=\"bold\">Cortez Complex Rank<\/td>\n          <td>Likely top 5 globally with Goldrush ramp<\/td>\n        <\/tr>\n        <tr>\n          <td class=\"bold\">WG Project<\/td>\n          <td>70 km&sup2;, 100% owned, adjacent to Cortez<\/td>\n        <\/tr>\n        <tr>\n          <td class=\"bold\">WG Near Term Catalyst<\/td>\n          <td>SSD Zone drilling commencing soon<\/td>\n        <\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n\n  <!-- DISCLAIMER -->\n  <div class=\"nia-disclaimer\">\n    <p>Past performance is not an indicator of future returns. NIA is not a registered\n      investment advisor and nothing contained herein constitutes investment advice. This\n      article is intended for informational and educational purposes only and does not\n      constitute a solicitation to buy or sell any security. Always conduct your own due\n      diligence before making any investment decision. NIA has received US$60,000 cash from\n      Westward Gold (CSE: WG) for a six-month marketing contract. This relationship\n      represents a material conflict of interest and readers should weigh this information\n      accordingly.\n    <\/p>\n  <\/div>\n\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold surges $132.86 today to $4,688.47 per oz Gold is staging a significant breakout today, surging $132.86 to $4,688.47 per ounce&hellip; a move that is sending ripples through the entire precious metals sector. Prominent gold bull Peter Schiff has set a year-end price target of $6,500\/oz. NIA maintains that even a pullback scenario to $3,800\/oz [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8298,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[9,297],"class_list":["post-8292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-gold","tag-wg"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/8292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=8292"}],"version-history":[{"count":2,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/8292\/revisions"}],"predecessor-version":[{"id":8297,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/8292\/revisions\/8297"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/8298"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=8292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=8292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=8292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}