Gold hit another new all-time high this morning of $2,640 per oz.
Augusta Gold (TSX: G) and Borealis Mining (TSXV: BOGO) are two of the only publicly traded fully permitted junior gold companies in Nevada.
Augusta Gold (TSX: G) is in the best possible location with both of its projects in the new Tier 1 Beatty Gold District adjacent to AngloGold Ashanti (AU). Augusta Gold has initiated a strategic review process to evaluate alternative opportunities to maximize shareholder return with plans for "a joint venture transaction, a sale of the Company, the Project, or all the assets of the Company, a merger or other business combination, or another form of strategic transaction." The management of Augusta Gold previously sold Arizona Mining for $2.1 billion for a gain of 1,576% from NIA's suggestion price. The CEO of AngloGold Ashanti has announced that his primary focus moving forward is "scouring for acquisition targets" and there are "a lot of interesting strategic possibilities" for the company.
Borealis Mining (TSXV: BOGO)'s Borealis Mine is equipped with active heap leach pads, an ADR facility, and all necessary infrastructure to support a heap leach gold mining operation. Rob McEwen, Founder and CEO of NYSE listed McEwen Mining and former Chairman and CEO of Goldcorp (he took Goldcorp's market cap from $50 million up to $8 billion) is the #1 largest BOGO shareholder.
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 in the open market and intends to buy more shares. NIA has received compensation from BOGO of US$100,000 cash for a twelve-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.