Prior to G, Richard Warke Created Equinox Gold Now Worth $3.3 Billion

Prior to creating Augusta Gold (TSX: G) last year as his brand-new gold company, Richard Warke co-founded Equinox Gold (TSX: EQX) which today has a market cap of $3.3 BILLION.

At first, Richard Warke created Catalyst Copper which went public in June 2014 at $0.07 per share. On May 25, 2016, with Catalyst Copper trading for $0.53 per share after gaining by 657.14% from its IPO price, Richard Warke merged Catalyst Copper with NewCastle Gold. Catalyst Copper shareholders received 1 NewCastle Gold share for each Catalyst Copper share held. On December 27, 2017, with NewCastle Gold trading for $0.92 per share, Richard Warke merged NewCastle Gold with Trek Mining and Anfield Gold to create Equinox Gold (TSX: EQX).

NewCastle Gold shareholders received 0.873 Equinox Gold (TSX: EQX) share for each NewCastle Gold share held.

EQX finished its first day of trading on December 27, 2017, at $1.05 per share, which equaled $5.30 per share when adjusted for a 1 for 5 reverse split that occurred on August 20, 2019. On August 18, 2020, EQX hit a record high of $17.99 per share.

EQX's record high of $17.99 per share represented $3.14 per share in value for Richard Warke's initial Catalyst Copper shareholders.

From Richard Warke's creation of Catalyst Copper at $0.07 per share to an all-time high adjusted peak valuation of $3.14 per share (when EQX hit $17.99 per share) Catalyst Copper's initial shareholders earned a return of 4,385.71%!

G today is exactly like the early days of Catalyst Copper prior to its most significant value creation!

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. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA's President has purchased 154,000 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.