AngloGold Ashanti (AU) has taken over the former corporate headquarters of Newmont Mining (NEM) at 6363 S Fiddlers Green Cir in Greenwood Village, Colorado to become the #2 largest U.S. based gold miner and hinted on yesterday's conference call that they are about to begin focusing on "regional opportunities" in Beatty, Nevada to begin producing gold as quickly as possible and spoke about how "opportunities exist at Sterling, Mother Lode, Secret Pass and Daisy".
NIA's prediction: AU will take the fully permitted proven & probable gold reserves from Augusta Gold (TSX: G)'s Reward and process it at Sterling.
We are 100% sure they would already be doing this right now but Augusta Gold (TSX: G) acquired Reward before they had a chance to do so!
Most of Sterling's gold is contained in the Daisy and Secret Pass (aka Crown) deposits, but if you look at this map, the silver star in the middle (Augusta Gold's Reward) is a shorter distance to Sterling where their existing production infrastructure is located. Reward is fully permitted for production, but Daisy and Secret Pass aren't!
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's President has purchased 224,200 shares of G and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.
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