{"id":9943,"date":"2026-08-18T23:06:19","date_gmt":"2026-08-19T03:06:19","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=9943"},"modified":"2026-08-18T23:06:21","modified_gmt":"2026-08-19T03:06:21","slug":"when-peter-munk-ran-barrick-they-could-act-quickly-and-decisively","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/articles\/when-peter-munk-ran-barrick-they-could-act-quickly-and-decisively\/","title":{"rendered":"When Peter Munk Ran Barrick, They Could Act Quickly and Decisively"},"content":{"rendered":"\n<div style=\"max-width:650px; margin:0 auto; padding:0 10px; box-sizing:border-box; font-family:Arial,Helvetica,sans-serif; font-size:16px; line-height:1.6; color:#333333; -webkit-text-size-adjust:100%; -ms-text-size-adjust:100%; mso-line-height-rule:exactly; display:block;\">\n\n<p style=\"margin:0 0 14px;\">Back when <strong>Peter Munk<\/strong> ran <strong>Barrick<\/strong>, he had the <strong><span style=\"color:#2980b9;\">centralized<\/span> <span style=\"color:#27ae60;\">power<\/span><\/strong> to decide: &quot;Wow, I really like this <strong>Westward Gold (CSE: WG) SSD Zone<\/strong> <span style=\"color:#27ae60;\"><strong>high-grade <\/strong><\/span><span style=\"color:#f1c40f;\"><strong>gold<\/strong><\/span><span style=\"color:#27ae60;\"><strong> discovery<\/strong><\/span> <span style=\"color:#2980b9;\"><strong>directly adjacent<\/strong><\/span> to us. It&#39;s just like <strong>Fourmile<\/strong>. We should act quickly and decisively to acquire it immediately.&quot; He made the decision to <span style=\"color:#27ae60;\"><strong>acquire<\/strong><\/span> <strong>Arequipa Resources<\/strong> after only <strong>9 drill holes<\/strong> at Pierina.<\/p>\n\n<p style=\"margin:0 0 14px;\">There&#39;s no way to know if <strong>Westward Gold (CSE: WG)<\/strong> is even on their radar screen yet. The truth is they are making so many <span style=\"color:#27ae60;\"><strong>new high-grade <\/strong><\/span><span style=\"color:#f1c40f;\"><strong>gold<\/strong><\/span><span style=\"color:#27ae60;\"><strong> discoveries<\/strong><\/span> at <strong>Fourmile<\/strong> that even if they learned about <strong>WG&#39;s SSD Zone<\/strong> today for the first time, they&#39;re probably okay with <strong>WG<\/strong> doing all of the work for now, even if they know <strong>WG&#39;s valuation<\/strong> is likely to <span style=\"color:#27ae60;\"><strong>increase significantly<\/strong><\/span>.<\/p>\n\n<p style=\"margin:0 0 14px;\"><img decoding=\"async\" alt=\"Westward Gold directly adjacent to Nevada Gold Mines Cortez Complex and Fourmile\" src=\"https:\/\/www.inflation.us\/news\/wp-content\/uploads\/2026\/05\/westwardgold84sqkmdirectlyadjacentnevadacortezgoldcomplexbarrickfourmile.jpg\" style=\"display:block; width:100%; max-width:600px; height:auto; margin:0 auto; border:0;\" \/><\/p>\n\n<p style=\"margin:0;\"><span style=\"font-size:8px; line-height:1.3;\"><em>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.<\/em><\/span><\/p>\n\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Back when Peter Munk ran Barrick, he had the centralized power to decide: &quot;Wow, I really like this Westward Gold (CSE: WG) SSD Zone high-grade gold discovery directly adjacent to us. It&#39;s just like Fourmile. We should act quickly and decisively to acquire it immediately.&quot; He made the decision to acquire Arequipa Resources after only [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9944,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[64,9,297],"class_list":["post-9943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-b","tag-gold","tag-wg"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/9943","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=9943"}],"version-history":[{"count":1,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/9943\/revisions"}],"predecessor-version":[{"id":9945,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/9943\/revisions\/9945"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/9944"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=9943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=9943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=9943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}