Latest news for Westward Gold (OTC:WGLIF) Stock

Westward Gold Inc is a mineral exploration company focused on developing the Toiyabe and Turquoise Canyon Projects located in the Cortez Hills area of Lander County, Nevada. It is also advancing the Mulloy Project in Northern Ontario.

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WGLIF

Westward Gold Completes Turquoise Canyon Anniversary Payment

Westward Gold Comments on Completion of Inaugural Drill Campaign &amp; Next Steps

Westward Gold Inc

The CNN Money Fear and Greed index showed a further decline in the overall market sentiment, with the index remaining in the &#8220;Fear&#8221; zone on Thursday.
U.S. stocks closed mixed on Thursday, with the S&amp;P 500 and the Nasdaq Composite moving lower after recording sharp losses in the prior session.
Shares of leading technology companies, including, Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), while Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) settled lower on Thursday.
Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) shares tumbled over 18% on Thursday after the company missed analyst EPS estimates for the 2024 fiscal year second quarter. Shares of Edwards Lifesciences Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) dipped 31% after the company reported worse-than-expected second-quarter sales results and issued third-quarter guidance below estimates. Also, the company acquired JenaValve and Endotronix.
On the economic data front, U.S. initial jobless claims declined by 10,000 to 235,000 in the week ending July 20, compared to market estimates of 238,000. The U.S. economy grew by an annualized 2.8% in the second quarter, up from 1.4% in the prior quarter, and higher than expectations of 2%.
Most sectors on the S&amp;P 500 closed on a negative note, with information technology, communication services and utilities stocks recording the biggest losses on Thursday. However, energy and industrial stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed higher by around 81 points to 39,935.07 on Thursday. The S&amp;P 500 fell 0.51% at 5,399.22, while the Nasdaq Composite fell 0.93% at 17,181.72 during Thursday's session.
Investors are awaiting earnings results from Bristol-Myers Squibb Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>), 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) and Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 39.3, the index remained in the &#8220;Fear&#8221; zone on Thursday, versus a prior reading of 40.2.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/07/39965370/wall-streets-most-accurate-analysts-say-hold-these-3-utilities-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields</a></li>
</ul>

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News

Pre-Market Outlook

Markets

Trading Ideas

CHTR

GOOG

GOOGL

MSFT

NVDA

S&P 500, Nasdaq Settle Lower As Tech Stocks Continue To Falter: Greed Index In 'Fear' Zone

Eni (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/E#NYSE">E</a>) reported $24.82 billion in sales this quarter. This is a 15.05 percent increase over sales of $21.57 billion the same period last year.

Eni Q2 Sales $24.82B Up From $21.57B YoY

Ismael "El Mayo" Zambada, co-founder of Mexico&#8217;s <a href="https://www.benzinga.com/markets/cannabis/23/10/35294836/el-chapo-behind-bars-but-still-in-power-orders-sons-to-quit-fentanyl-trade-to-the-us" target="_blank" rel="noreferrer noopener">Sinaloa drug cartel</a> is in U.S. custody along with Joaquin Guzman Lopez, son of the other cartel co-founder <a href="https://www.benzinga.com/markets/cannabis/23/01/30516394/el-chapo-wants-to-serve-his-sentence-at-home-does-mexico-have-a-prison-secure-enough-to-hold-him" target="_blank" rel="noreferrer noopener">Joaquin "El Chapo" Guzmán</a>, Attorney General Merrick Garland confirmed in a press release. The two men were arrested Thursday in El Paso, Texas. 
"The Justice Department has taken into custody two additional alleged leaders of the Sinaloa Cartel, one of the most violent and powerful drug trafficking organizations in the world,&#8221; stated Garland. &#8220;El Mayo and Guzman Lopez join a growing list of Sinaloa Cartel leaders and associates who the Justice Department is holding accountable in the United States.&#8221;
These developments mark a significant blow to the Sinaloa Cartel&#8217;s leadership and operations.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/01/36707665/dea-seizes-largest-amount-of-fentanyl-in-its-history-386m-lethal-doses-enough-to-kill-every-amer">DEA Seizes Largest Amount Of Fentanyl In Its History: 386M Lethal Doses, Enough &#8216;To Kill Every American&#8217;</a>
Both men face a series of charges related to their roles in the cartel&#8217;s extensive criminal operations, including the <a href="https://www.benzinga.com/markets/cannabis/24/06/39563755/dea-indicts-la-based-sinaloa-cartel-members-for-laundering-50m-in-drug-money-via-underground-chi">manufacturing and trafficking of fentanyl</a>. 
&#8220;Fentanyl is the deadliest drug threat our country has ever faced, and the Justice Department will not rest until every single cartel leader, member, and associate responsible for poisoning our communities is held accountable," Garland said.
<h2 class="wp-block-heading">Sinaloa Cartel</h2>
Originating in Sinaloa, Mexico, the cartel is known for smuggling large quantities of fentanyl, methamphetamine and heroin into the U.S.
The latest charges against El Mayo Zambada, who has long been considered one of Mexico&#8217;s most notorious drug traffickers, were filed in February. 
Federal prosecutors detailed Zambada&#8217;s extensive operations, which spanned from 1989 to 2024, involving the importation and distribution of massive amounts of narcotics, resulting in billions of dollars in profits. The indictment also alleges that he employed individuals to secure transportation routes and warehouses for drug storage and used hitmen to eliminate rivals.
Following El Chapo&#8217;s 2018 conviction and <a href="https://www.benzinga.com/markets/cannabis/23/01/30516394/el-chapo-wants-to-serve-his-sentence-at-home-does-mexico-have-a-prison-secure-enough-to-hold-him" target="_blank" rel="noreferrer noopener">life sentence,</a> which he&#8217;s serving in a supermax prison in Colorado, his partner El Mayo Zambada managed to evade capture for years and continued to run the Sinaloa cartel.
El Mayo&#8217;s son Vicente, however, was arrested and sentenced to 15 years in 2019 after being extradited from Mexico in 2010. He admitted to orchestrating murders and kidnappings for the cartel. 
Shortly after his arrest, Vicente began cooperating with U.S. authorities, helping them target cartel members, which led to numerous indictments, reportedly including his father and other top Sinaloa cartel leaders.
El Mayo was indicted by a U.S. federal grand jury in April 2012 for violent acts committed by cartel members, such as the 2010 kidnapping and murder of an American citizen and his family members due to their connections with a rival cartel, <a href="https://www.cnn.com/2024/07/25/us/sinoloa-cartel-ismael-zambada-custody-report/index.html">reported</a> CNN. Another incident involved the brutal killing of a Texas resident in 2009 over a lost marijuana shipment.
Now Read: 
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<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39967244/dea-special-comment-period-for-cannabis-rescheduling-us-tribes-weigh-in-seek-recognition-for-anc">DEA Special Comment Period For Cannabis Rescheduling: US Tribes Weigh In, Seek Recognition For &#8216;Ancient Medicinal Plant&#8217;</a></li>
</ul>
Photo courtesy of U.S. Customs and Border Protection

Cannabis

Government

Legal

Merrick Garland Confirms Arrest Of Mexico's Sinaloa Cartel Leader And Son Of Infamous 'El Chapo' Guzman

EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) took to social media platform X earlier this week to warn customers against putting wet towels on <a href="https://www.benzinga.com/news/24/07/39951183/tesla-supercharger-network-growth-slows-down-in-q2-after-exit-of-rebecca-tinucci-and-other-employees">supercharger cable handles</a> to speed up charging their EVs.
What Happened: Placing a wet cloth on supercharger handles does not increase charging speed but instead increases risks of overheating or damage as it interferes with temperature monitors, Tesla said.
&#8220;Please refrain from doing this so our systems can run correctly, and true charging issues can be detected by our systems,&#8221; Tesla wrote via its handle dedicated to charging updates. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Placing a wet cloth on Supercharger cable handles does not increase charging rates and interferes with temperature monitors creating risk of overheating or damage. Please refrain from doing this so our systems can run correctly, and true charging issues can be detected by our…
&mdash; Tesla Charging (@TeslaCharging) <a href="https://twitter.com/TeslaCharging/status/1816284411425673578?ref_src=twsrc%5Etfw">July 25, 2024</a></blockquote>
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The company was responding to the hack of cooling charging cables with wet cloths to enable faster charging doing the rounds again on social media ahead of the summer. 
Tesla&#8217;s charger slows down charging pace on sensing excess temperature as in summers when the sun heats the cable and putting a wet towel on the cable helps bring this temperature down, thereby allowing a higher charging rate, proponents of the hack believe. 
Why It Matters:&nbsp;Earlier this week, Tesla said that the company had 59,596 supercharger connectors around the globe as of the end of the second quarter, or 24% more than the corresponding quarter of 2023.
The growth rate of superchargers, however, has slowed significantly since the company <a href="https://www.benzinga.com/news/24/04/38244436/breaking-tesla-said-to-be-laying-off-over-14-000-employees">announced plans to lay off 10% of its global workforce</a> in April. The layoffs impacted <a href="https://www.benzinga.com/news/24/05/38846223/elon-musk-fired-supercharger-chief-rebecca-tinucci-and-her-entire-team-after-she-refused-to-lay-off" target="_blank" rel="noreferrer noopener">500 members of the supercharging team</a> and Rebecca Tinucci, Tesla's then Senior Director of Charging Infrastructure, left the company.
Superchargers grew only 3.5% from the end of the first quarter to the second, significantly lower than the quarter-on-quarter growth of 7.4% in the number of superchargers recorded through the fourth quarter. Even through the first quarter of 2024, supercharger numbers grew by 4.9%.
However, the company will <a href="https://www.benzinga.com/news/24/05/38757383/elon-musk-announces-500m-investment-in-teslas-supercharger-network-expansion-in-2024">invest $500 million in expanding the supercharger network</a> this year, Tesla CEO Elon Musk said at the company&#8217;s annual shareholder meeting last month, while also keeping an eye on capital efficiency and the places they are deployed.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
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<li><a href="https://www.benzinga.com/news/24/07/39934750/trump-presidency-and-ira-cut-would-be-devastating-for-competitors-says-elon-musk-long-term-probably" target="_blank" rel="noreferrer noopener">Trump Presidency And IRA Cut Would Be ‘Devastating&#8217; For Competitors, Says Elon Musk: ‘Long Term Probably Actually Helps Tesla&#8217;</a></li>
</ul>
Photo via Shutterstock

Tech

TSLA

Tesla Says Using Wet Cloth On Supercharger Cables Does Not Increase Charging Speeds, Warns Customers Of 'Risk Of Overheating Or Damage'

alliditas Therapeutics AB&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALT#NASDAQ">CALT</a>) (STOCKHOLM: CALTX)&nbsp;(&quot;Calliditas&quot;) today announced that the Phase&nbsp;2b&nbsp;TRANSFORM trial met its primary endpoint, showing statistically significant improvement in ALP (Alkaline Phosphatase) for both doses tested versus placebo. The trial evaluated&nbsp;setanaxib, a NOX enzyme inhibitor, in patients with primary biliary cholangitis (PBC) and elevated liver stiffness.

CALT

Calliditas Therapeutics Reports TRANSFORM Phase 2b Topline Data In Primary Biliary Cholangitis

For the first time, an Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) banner was flown outside the New York Stock Exchange building, symbolizing the world&#8217;s second-largest cryptocurrency&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38971871/strike-ceo-ethereum-etfs-are-good-for-banks-because-wall-street-loves-volatility">rising importance</a> on Wall Street.
What Happened: In a video posted Thursday by Bitwise President Teddy Fusaro, the banner of Bitwise Ethereum ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETHW#NYSE">ETHW</a>) went up outside the facade of the iconic trading platform. The ticker of the fund, ETHW, was displayed prominently on the banner.
Reacting to the video, Nate Geraci, president of The ETF Institute, said, "What a moment… The word &#8220;Ethereum&#8221; hanging from the 120-year-old New York Stock Exchange building. The picture might end up in the history books someday."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">What a moment&#8230; The word &quot;Ethereum&quot; hanging from the 120yr old New York Stock Exchange building. Picture might end up in the history books someday. <a href="https://t.co/Ilnfj19zKJ">https://t.co/Ilnfj19zKJ</a>
&mdash; Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1816620919353483273?ref_src=twsrc%5Etfw">July 25, 2024</a></blockquote>
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Silicon Valley investor Balaji Srinivasan, a notable figure in the tech and cryptocurrency spheres, hailed the event as Ethereum's victory over the Securities and Exchange Commission (SEC.)
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The flag of ETH is raised over Wall Street. And the SEC surrenders to a more powerful regulator. Because it is Ethereum that now provides standardized market access to all Internet participants. The network defeats the state.<a href="https://t.co/7nlQCxXvWz">pic.twitter.com/7nlQCxXvWz</a>
&mdash; Balaji (@balajis) <a href="https://twitter.com/balajis/status/1816695480014741752?ref_src=twsrc%5Etfw">July 26, 2024</a></blockquote>
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</figure>
It's worth reminding that this is not the first time that a cryptocurrency fund banner has been raised on Wall Street. The banner of Grayscale Bitcoin Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#NYSE">GBTC</a>) appeared outside the NYSE earlier in February.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39976626/jersey-city-pension-fund-to-follow-wisconsins-lead-with-bitcoin-etf-investment-ive-been-a-">Jersey City Pension Fund To Follow Wisconsin&#8217;s Lead With Bitcoin ETF Investment: &#8216;I&#8217;ve Been A Long Time Believer In Crypto,&#8217; Says Mayor Fulop</a>
Why It Matters: The <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39897440/ethereum-etfs-get-final-go-ahead-from-the-sec-what-happens-next">final approval of spot Ethereum ETFs</a> earlier this week is perceived as a major victory against forces in the <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37538468/sec-chair-gary-gensler-declines-to-say-whether-ethereum-is-a-commodity-its-about-circumsta">SEC who had raised concerns that the cryptocurrency is a security</a>.
The nine new ETFs have recorded trading volumes close to $1 billion on each of the first three days since launch, according to SoSo Value.&nbsp;
Talking about Bitwise Ether ETF, the fund has attracted cumulative net inflows of $250 million since listing.
Price Action: At the time of writing, Ethereum was trading at $3,267.86, up 2.90% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/asia/24/07/39976208/bitcoin-etfs-in-japan-franklin-templeton-partners-with-sbi-holdings-to-launch-digital-asset-manageme">Bitcoin ETFs In Japan: Franklin Templeton Partners With SBI Holdings To Launch Digital Asset Management Company</a></li>
</ul>
Photo courtesy: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

ETFs

$ETH

ETHW

GBTC

Ethereum Banner Raised Outside NYSE, Industry Observer Says Moment 'Might End Up In The History Books'

<ul>
<li>The marketing authorization for SKYRIZI&reg;&nbsp;(risankizumab) marks its fourth approved indication in the European Union</li>
<li>The approval is supported by data from two pivotal Phase 3 trials: The INSPIRE induction trial1&nbsp;and COMMAND maintenance trial2</li>
<li>In both trials, SKYRIZI achieved the primary endpoint of clinical remission (per Adapted Mayo Score&#x2A;) and key secondary endpoints, including mucosal healing&#x2A;&#x2A; and histologic endoscopic mucosal healing&dagger;,1,2</li>
</ul>

ABBV

AbbVie Gains EU Approval For SKYRIZI To Treat Moderately To Severely Active Ulcerative Colitis In Adults

KARO

Karooooo Withdraws Secondary Public Offering Of Ordinary Shares Due To Market Uncertainty

T. Rowe Price Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) will release its second quarter financial results, after the <a href="https://www.benzinga.com/quote/trow/earnings">closing bell on Friday, July 26.</a>
Analysts expect the Baltimore, Maryland-based company to report quarterly earnings at $2.27 per share, up from $2.02 per share in the year-ago period. T. Rowe Price is expected to post revenue of $1.79 billion, compared to $1.62 billion a year ago, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On July 11, T. Rowe Price Group reported preliminary month-end assets under management of $1.57 trillion as of June 30, 2024.
T. Rowe Price shares gained 1% to close at $115.49 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TROW/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Keefe, Bruyette &amp; Woods analyst Aidan Hall maintained a Market Perform rating and raised the price target from $120 to $121 on July 12. This analyst has an accuracy rate of 66%.</li>
<li>Evercore ISI Group analyst Glenn Schorr maintained an In-Line rating and slashed the price target from $110 to $107 on April 30. This analyst has an accuracy rate of 66%.</li>
<li>Morgan Stanley analyst Michael Cyprys maintained an Equal-Weight and boosted the price target from $114 to $125 on April 17. This analyst has an accuracy rate of 67%.</li>
<li>UBS analyst Brennan Hawken maintained a Sell rating and boosted the price target from $100 to $109 on April 12. This analyst has an accuracy rate of 71%.</li>
<li>Citigroup analyst Chris Allen maintained a Neutral rating and raised the price target from $110 to $125 on April 5. This analyst has an accuracy rate of 76%.</li>
</ul>
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<li><a href="https://www.benzinga.com/markets/24/07/39965370/wall-streets-most-accurate-analysts-say-hold-these-3-utilities-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields</a></li>
</ul>

Price Target

Analyst Ratings

TROW

Top Wall Street Forecasters Revamp T. Rowe Price Expectations Ahead Of Q2 Earnings

Buybacks

HTBK

Reported Earlier, Heritage Commerce Authorizes $15M Share Repurchase Program

Heritage Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTBK#NASDAQ">HTBK</a>) reported quarterly earnings of $0.15 per share which missed the analyst consensus estimate of $0.18 by 16.67 percent. This is a 44.44 percent decrease over earnings of $0.27 per share from the same period last year. The company reported quarterly sales of $41.73 million which beat the analyst consensus estimate of $40.90 million by 2.03 percent. This is a 13.72 percent decrease over sales of $48.37 million the same period last year.

Heritage Commerce Q2 EPS $0.15 Misses $0.18 Estimate, Sales $41.73M Beat $40.90M Estimate

Commencing with its&nbsp;first quarter&nbsp;of fiscal year 2025, the company will report its financial results based on two new reportable segments:&nbsp;Communication Services&nbsp;and&nbsp;Defense and Advanced Technologies.

VSAT

Reported Earlier, Viasat Streamlines Reporting Segments To Better Reflect Diverse Markets, Focuses On Communication Services And Defense

With U.S. stock futures trading higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Bristol-Myers Squibb Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) to report quarterly earnings at $1.63 per share on revenue of $11.55 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Bristol-Myers Squibb shares fell 0.4% to $45.10 in after-hours trading.</li>
<li>Deckers Outdoor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) reported better-than-expected results for the first quarter. The company said it still expects net sales to increase approximately 10% year-over-year in fiscal year 2025 to $4.7 billion. Deckers Outdoor shares jumped 10.2% to $927.00 in the after-hours trading session.</li>
<li>Analysts are expecting 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) to post quarterly earnings at $1.68 per share on revenue of $5.88 billion. The company will release earnings before the markets open. 3M shares rose 0.01% to $103.40 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Skechers U.S.A., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) <a href="https://www.benzinga.com/news/earnings/24/07/39972642/skechers-reports-q2-results-heres-the-details">posted downbeat earnings</a> and sales results for its second quarter. However, the company raised its FY 2024 sales guidance and reported a new $1 billion share repurchase program. Skechers shares gained 2% to $65.01 in the after-hours trading session.</li>
<li>Analysts expect Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) to post quarterly earnings at $7.98 per share on revenue of $13.59 billion before the opening bell. Charter Communications shares gained 0.8% to close at $315.23 on Thursday.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/07/39965370/wall-streets-most-accurate-analysts-say-hold-these-3-utilities-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

DECK

Bristol-Myers Squibb, Deckers Outdoor And 3 Stocks To Watch Heading Into Friday

Elon Musk&#8216;s rocket manufacturing company SpaceX is gearing up to resume launch operations after a two-week-long pause. 
What Happened: SpaceX launched Falcon 9 with 20 Starlink satellites from California on July 11. However, the Starlink satellites were deployed in a <a href="https://www.benzinga.com/news/24/07/39766325/starlink-satellites-from-thursdays-launch-will-fully-demise-in-earths-atmosphere-says-elon-musks-spa">lower-than-intended orbit </a>owing to an issue with the rocket's second-stage engine. The company&#8217;s launch operations have been on hold since. 
The company subsequently conducted an investigation with oversight from the Federal Aviation Administration (FAA) and has identified the most probable cause of the mishap, it said on Thursday. Necessary design changes have also been deployed to prevent a recurrence of the issue.
&#8220;Safety and reliability are at the core of SpaceX's operations. It would not have been possible to achieve our current cadence without this focus, and thanks to the pace we've been able to launch, we're able to gather unprecedented levels of flight data and are poised to rapidly return to flight, safely and with increased reliability,&#8221;&nbsp;SpaceX said.
The company is now looking to resume launch activities, starting as soon as Saturday, July 27. 
As for the Starlink satellites that were deployed in a lower-than-intended orbit on the last launch, they <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39948582/cat-in-a-dogs-world-outsmarts-dogecoin-shiba-inu-emerges-as-top-coin-for-the-week-whats-go">re-entered Earth&#8217;s atmosphere</a> and were fully demised upon reentry, SpaceX said. No debris has been reported to date, it added. 
Why It Matters:&nbsp;SpaceX&nbsp;<a href="https://www.benzinga.com/news/24/07/39612042/elon-musks-spacex-launches-67-missions-in-first-half-of-2024-trailing-own-targets" target="_blank" rel="noreferrer noopener">completed 67 missions</a>&nbsp;using its Falcon launch vehicles as of the end of the second quarter, with Falcon 9 alone accounting for 66 launches.&nbsp;&nbsp;The company is looking to launch 144 times in 2024, averaging twelve times per month.
The two-week-long pause poses a major threat to SpaceX&#8217;s launch targets, with the company having launched only three missions in July thus far.
On its upcoming flight planned for July 27, the company is looking to launch 23 Starlink satellites to low-Earth orbit aboard a Falcon 9 launch vehicle from Florida. 
Starlink is the satellite internet segment of Musk's SpaceX. It achieved a&nbsp;<a href="https://www.benzinga.com/news/23/11/35583773/spacex-ceo-elon-musk-says-starlink-business-has-achieved-breakeven-cash-flow-is-an-ipo-on-the-cards" target="_blank" rel="noreferrer noopener">breakeven cash flow</a>&nbsp;in November.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
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<li><a href="https://www.benzinga.com/news/24/07/39950408/elon-musk-agrees-with-former-executive-who-thinks-everyone-has-strong-opinions-on-tesla-unlike-in-th" target="_blank" rel="noreferrer noopener">Elon Musk Agrees With Former Executive Who Thinks ‘Everyone&#8217; Has ‘Strong&#8217; Opinions On Tesla Unlike In The Case Of Eli Lilly And LVMH</a></li>
</ul>
Photo courtesy: SpaceX

SPACE

Elon Musk's SpaceX To Resume Launch Operations Two Weeks After Mishap Involving 20 Starlink Satellites

Buenaventura Mining Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BVN#NYSE">BVN</a>) reported quarterly earnings of $0.28 per share which missed the analyst consensus estimate of $0.29 by 3.45 percent. This is a 1033.33 percent increase over losses of $(0.03) per share from the same period last year. The company reported quarterly sales of $277.10 million which beat the analyst consensus estimate of $257.17 million by 7.75 percent. This is a 59.90 percent increase over sales of $173.30 million the same period last year.

Buenaventura Mining Co Q2 EPS $0.28 Misses $0.29 Estimate, Sales $277.10M Beat $257.17M Estimate

3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) will release its financial results for the second quarter, before the <a href="https://www.benzinga.com/quote/MMM/earnings">opening bell on Friday, July 26.</a>
Analysts expect the Saint Paul, Minnesota-based company to report quarterly earnings at $1.68 per share, down from $2.17 per share in the year-ago period. 3M is expected to post revenue of $5.88 billion, compared to $7.87 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On July 16, 3M completed a strategic investment in Ohmium International, a developer of electrolyzer systems for green hydrogen production.
3M shares rose 0.1% to close at $103.39 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/MMM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Barclays analyst Julian Mitchell maintained an Overweight rating and raised the price target from $118 to $120 on July 10. This analyst has an accuracy rate of 77%.</li>
<li>Wells Fargo analyst Joe O'Dea maintained an Equal-Weight rating and increased the price target from $100 to $110 on July 10. This analyst has an accuracy rate of 81%.</li>
<li>B of A Securities analyst Andrew Obin upgraded the stock from Neutral to Buy and boosted the price target from $105 to $120 on June 7. This analyst has an accuracy rate of 71%.</li>
<li>Vertical Research analyst Jeffrey Sprague upgraded the stock from Hold to Buy and raised the price target from $92 to $140 on May 16. This analyst has an accuracy rate of 79%.</li>
<li>Citigroup analyst Andrew Kaplowitz maintained a Neutral rating and increased the price target from $98 to $100 on May 1. This analyst has an accuracy rate of 86%.</li>
</ul>
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<li><a href="https://www.benzinga.com/markets/24/07/39965370/wall-streets-most-accurate-analysts-say-hold-these-3-utilities-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields</a></li>
</ul>

3M Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Epic Games has announced that its flagship game, Fortnite, will soon be available for download on Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhones and iPads <a href="https://www.benzinga.com/news/24/07/39654022/apple-approves-epic-games-marketplace-app-in-europe-amid-ongoing-feud">in the EU</a>. However, the company has also decided to pull out its game from Samsung Electronics&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) Galaxy Store.
What Happened: On Thursday, the Fortnite maker announced this latest development adding that the company plans to expand the availability of its mobile games, including Fortnite, to other app stores.
&#8220;We will be ending distribution partnerships with mobile stores that serve as rent collectors without competing robustly and serving all developers fairly, even if those stores offer us a special deal for our own games,&#8221; Epic said in a press release.
Epic also announced that its mobile games will be accessible on AltStore, a third-party store that permits side-loading, on iOS in the EU. The company also intends to extend support to at least two other third-party stores.
See Also: <a href="https://www.benzinga.com/news/24/07/39879895/if-youre-a-lawyer-for-crowdstrike-youre-probably-not-going-to-enjoy-the-rest-of-your-summer-say-dan?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8221;If You&#8217;re A Lawyer For Crowdstrike, You&#8217;re Probably Not Going To Enjoy The Rest Of Your Summer&#8217;</a>
Meanwhile, the company&#8217;s move to exit the Samsung Galaxy Store comes as a protest against the smartphone maker&#8217;s decision to prevent side-loading by default on Android devices.
&#8220;In sad news, we are today announcing that Fortnite and our other games will be leaving the Samsung Galaxy Store in protest of Samsung&#8217;s anticompetitive decision to&nbsp;block side-loading&nbsp;by default on Samsung Android devices,&#8221; Epic stated.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: The latest development comes amid the company&#8217;s ongoing legal battle with Apple. The gaming company has been challenging the high commissions on in-app purchases and the restriction on users to download apps only <a href="https://www.benzinga.com/news/24/07/39646883/fortnite-maker-epic-games-accuses-apple-of-blocking-its-game-store-launch">through the App Store</a>.
Earlier in July,&nbsp;Apple had approved Epic Games&#8217;&nbsp;marketplace app&nbsp;for&nbsp;iPhones and iPads in Europe. This came after <a href="https://www.benzinga.com/general/gaming/24/03/37517484/apple-terminates-epic-games-developer-account-in-ongoing-feud-over-app-store-fees">Epic accused the company</a> of obstructing its efforts to launch a game store on Apple devices.
The Epic Games Store will be launched globally on Android and iOS in the EU. The timeline for this, however, remains unspecified. Last month, Epic announced that the company&#8217;s marketplace and Fortnite will be <a href="https://www.benzinga.com/general/gaming/24/06/39340107/epic-games-store-and-fortnite-coming-to-ios-in-japan-by-late-2025">accessible on iOS in Japan</a> by late 2025.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/24/07/39926076/mark-zuckerberg-slams-tim-cooks-apple-after-cupertino-reportedly-rejected-its-iphone-ai-partnership?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Slams Tim Cook's Apple After Cupertino Reportedly Rejected Its iPhone AI Partnership Proposal: ‘They Wanted To Put Us In A Box…'</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Gaming

AAPL

SSNLF

Fortnite Is Coming Back To Apple's iPhones, Including Alternative App Stores, But There's A Catch

Community Healthcare Trust increased its common stock cash dividend for the quarter ended&nbsp;June 30, 2024. This dividend, in the amount of&nbsp;$0.4625&nbsp;per share, is payable on&nbsp;August 23, 2024&nbsp;to shareholders of record on&nbsp;August 9, 2024. This dividend rate equates to an annualized dividend of&nbsp;$1.85&nbsp;per share. Community Healthcare Trust Incorporated has increased its dividend every quarter since its Initial Public Offering.

Dividends

CHCT

Reported Earlier, Community Healthcare Trust Increased Its Second Quarter Dividend To $0.4625 From $0.46 In Prior Quarter, Payable August 23, 2024

Peoples Financial Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFIS#NASDAQ">PFIS</a>) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.52 by 13.46 percent. This is a 54.96 percent decrease over earnings of $1.31 per share from the same period last year. The company reported quarterly sales of $22.46 million which missed the analyst consensus estimate of $23.50 million by 4.44 percent. This is a 12.44 percent decrease over sales of $25.65 million the same period last year.

PFIS

Reported Thursday, Peoples Financial Servs Q2 Adj. EPS $0.59 Beats $0.52 Estimate, Sales $22.46M Miss $23.50M Estimate

CREV

Reported Earlier, Carbon Revolution Teams Up With GM Providing Carbon Fiber Wheels For Chevrolet Corvette ZR1

Westward Gold exercises option to acquire 100% ownership of Toiyabe Project

Westward Gold announces non-brokered private placement financing

Westward Gold

<table style='width:fit-content; border: none;'><tr style='background: none;'><td colspan='10' style='padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='www.westwardgold.com'><img src="https://thenewswire.com/data/tnw/clients/logos/1LYzFPXdg.png" alt="Westward Gold Inc." /></a></td></tr><tr style='background: none;'><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://www.facebook.com/WestwardGold'><img src="https://thenewswire.com/data/tnw/img/facebook.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://twitter.com/WestwardGold'><img src="https://thenewswire.com/data/tnw/img/twitter.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://www.linkedin.com/company/westward-gold-inc'><img src="https://thenewswire.com/data/tnw/img/linkedIn.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://www.youtube.com/channel/UCSpkDfKpbJezJFuUIVSdKEQ'><img src="https://thenewswire.com/data/tnw/img/youTube.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://www.instagram.com/westwardgold/'><img src="https://thenewswire.com/data/tnw/img/instagram.png" /></a></td><td style='padding: 0; margin: 0; border: none; background: none;'></td></tr></table>

Vancouver, British Columbia – TheNewswire - August 24, 2022 – Westward Gold Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/WG#CSE">WG</a>), (OTC:<a class="ticker" href="https://www.benzinga.com/stock/WGLIF#OTC">WGLIF</a>), (FSE:IM50) ("Westward" or the "Company") announces that it has completed its third anniversary payment to First Mining Gold Corp. ("First Mining") related to the option agreement (the "Agreement") entered into by Momentum Minerals Ltd., a wholly-owned subsidiary of Westward, and First Mining. The Company is currently earning into a 100% ownership position in the Turquoise Canyon Project ("Turquoise Canyon"), based on the Agreement dated August 20, 2019, as amended on August 19, 2020.



As per the Agreement, Westward has elected to pay First Mining C$137,500 in shares, based on the trailing 30-day volume-weighted average price on the CSE. The Company has issued a total of 1,544,944 shares at a deemed price of C$0.089 per share; following the issuance, First Mining will own 2,755,843 shares of Westward, representing approximately 4.0% of the total issued and outstanding shares of the Company.



In order to earn into its 100% ownership position in Turquoise Canyon, Westward must make one final payment on the fourth anniversary of the Agreement (August 20, 2023), for C$137,500 payable in cash or shares at the Company's option. Westward must also complete a total of C$750,000 in qualified exploration expenditures prior to August 20, 2023, with a minimum of C$50,000 in the first year of the Agreement and C$100,000 in the second year, both of which have been satisfied. To date, the Company has spent approximately C$544,000 at Turquoise Canyon. Following completion of the earn-in requirements, First Mining will retain a 2.0% Net Smelter Return Royalty, which can be reduced to 1.0% with a C$1,000,000 cash payment. 



About Westward Gold



Westward Gold is a mineral exploration company focused on developing the Toiyabe, Turquoise Canyon, and East Saddle Projects located in the Cortez Hills area of Lander County, Nevada. From time to time, the Company may also evaluate the acquisition of other mineral exploration assets and opportunities.



For further information contact: 



Colin Moore 
President, CEO & Director 
Westward Gold Inc. 
<a href="mailto:colin@westwardgold.com">colin@westwardgold.com</a> 
Tel: +1 (647) 403 0391



<a href="http://www.westwardgold.com" title="www.westwardgold.com">www.westwardgold.com</a>



The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.



This news release contains or incorporates by reference "forward-looking statements" and "forward-looking information" as defined under applicable Canadian securities legislation. All statements, other than statements of historical fact, which address events, results, outcomes, or developments that the Company expects to occur are, or may be deemed, to be, forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as "expect", "believe", "anticipate", "intend", "estimate", "potential", "on track", "forecast", "budget", "target", "outlook", "continue", "plan" or variations of such words and phrases and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved or the negative connotation of such terms.



Such statements include, but may not be limited to, information as to strategy, plans or future financial or operating performance, such as the Company's expansion plans, project timelines, expected drilling targets, and other statements that express management's expectations or estimates of future plans and performance.



Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons, availability of equipment (including drills) and personnel to carry out work programs, that each stage of work will be completed within expected time frames, that current geological models and interpretations prove correct, the results of ongoing work programs may lead to a change of exploration priorities, and the efforts and abilities of the senior management team. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. These and other factors may cause the Company to change its exploration and work programs, not proceed with work programs, or change the timing or order of planned work programs. Additional risk factors and details with respect to risk factors that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this news release are set out in the Company's latest management discussion and analysis under "Risks and Uncertainties", which is available under the Company's SEDAR profile at <a href="http://www.sedar.com" title="www.sedar.com">www.sedar.com</a>. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations, and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.

  

Copyright (c) 2022 TheNewswire - All rights reserved.

<table style='width:fit-content; border: none;'><tr style='background: none;'><td colspan='10' style='padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='www.westwardgold.com'><img src="https://thenewswire.com/data/tnw/clients/logos/1LYzFPXdg.png" alt="Westward Gold Inc." /></a></td></tr><tr style='background: none;'><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://www.facebook.com/WestwardGold'><img src="https://thenewswire.com/data/tnw/img/facebook.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://twitter.com/WestwardGold'><img src="https://thenewswire.com/data/tnw/img/twitter.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://www.linkedin.com/company/westward-gold-inc'><img src="https://thenewswire.com/data/tnw/img/linkedIn.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://www.youtube.com/channel/UCSpkDfKpbJezJFuUIVSdKEQ'><img src="https://thenewswire.com/data/tnw/img/youTube.png" /></a></td><td style='width: 34px; padding: 0; margin: 0; border: none; background: none;' valign='bottom'><a target='_blank' href='https://www.instagram.com/westwardgold/'><img src="https://thenewswire.com/data/tnw/img/instagram.png" /></a></td><td style='padding: 0; margin: 0; border: none; background: none;'></td></tr></table>

Vancouver, British Columbia – TheNewswire - August 3, 2022 – Westward Gold Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/WG#CSE">WG</a>), (OTC:<a class="ticker" href="https://www.benzinga.com/stock/WGLIF#OTC">WGLIF</a>), (FSE:IM50) ("Westward" or the "Company") is pleased to announce that the Company's inaugural drill campaign at its flagship Toiyabe Project in Lander County, Nevada ("Toiyabe") was successfully completed on July 19th. Demobilization and site clean-up activities have also now been completed, and the Company is currently conducting its initial post-campaign analyses prior to receiving assay results. Those results from ALS Ltd. are expected to be received in batches, beginning before the end of August and through into September. 



Drill Campaign - Overview



In total, the Company completed ~3,850 meters of reverse-circulation drilling across 13 holes and 4 target zones, all of which were outside of the footprint of the historical resource estimate at Toiyabe (~173 koz at 1.2 g Au/t)(1) (the "Historical Estimate"). Drillhole depths ranged from a minimum of 244 meters to a maximum of 349 meters, with an average depth of 296 meters; for comparison, only 16% of all holes identified from previous operators' campaigns(2) reached a depth of +180 meters.



Colin Moore, CEO of Westward, commented: "On behalf of Westward management and the Board of Directors, I would like to extend our deepest thanks to Dave Browning (VP Exploration), Savannah Reyes (Project Geologist) and Steven Koehler (Technical Advisor) for their tireless efforts executing a safe and efficient drill campaign. This represents a very significant milestone for the Company, and a vital step in the continued advancement of our Nevada land package."



Figure 1: (Left to Right) – Colin Moore (CEO), Steven Koehler (Advisor), Richard Bedell (Advisor) 
and Savannah Reyes (Project Geologist) Looking at Drill Cuttings from Rig (June 2022)



<a href='https://thenewswire.com/data/tnw/clients/img/5b8a666e3bf38f17216f1f79b8777cf6.png' target='_blank'><img src="https://thenewswire.com/data/tnw/clients/img/5b8a666e3bf38f17216f1f79b8777cf6_.png" /></a> 
Click Image To View Full Size

 

Drill Campaign – Primary Goals & New Theses Tested



The main goals of the Company's first drill campaign at Toiyabe were threefold:


<ul>
<li>

Prove out the lateral extent of mineralization at Toiyabe outside of the Historical Estimate footprint, as a step towards potential future resource expansion (See Figures 2 through 4) 

</li><li>

Test a major deformation zone / blind thrust fault (the "SSD Zone"), identified through relogging of previous drillholes, 3D modeling, and hyperspectral core imaging. Drilling was also designed to test the Company's thesis that the SSD Zone dips to the northeast from its surface expression at the past-producing Toiyabe-Saddle open pits (contrary to legacy modeling) (See Figure 3) 

</li><li>

Test a newly-discovered and previously-undrilled target, the Toiyabe Hills Fault (the "TH Fault"); this important structural feature / fluid pathway may have played a key role in mineral deposition in the area (including at the Toiyabe-Saddle Mine immediately south along the fault trace) (See Figure 4) 

</li>
</ul>


SSD Zone: The deformation zone was encountered at a depth which suggests the Company's thesis was correct; preliminary modeling shows that the interpreted dip angle (to the northeast) lines up with the few legacy holes drilled deep enough to reach the SSD Zone underneath the Historical Estimate (those intersections were +25 meters wide with grades of +1 g Au/t(2)). This target area also included the deepest hole in Westward's campaign (T2211 – 349 meters; see Figure 2 below), with the technical team making the decision to go deeper than anticipated with holes T2211 and T2210 based on favourable real-time observations; large sections of oxidation, decalcification and intrusive rocks were encountered throughout the length of the holes.



TH Fault: Drilling confirmed the presence of this previously-unknown structural feature, as well as several other structures encountered across the holes in the target zone. Broad zones of decalcification (+15 meters) and intrusive rocks were observed throughout the drilling; surface mapping and drill cuttings confirmed that the TH Fault was a fluid conduit based on the alteration and intrusive rocks.



Dave Browning, VP Exploration, noted: "The confirmation of the TH Fault, and our thesis as it relates to the geometry of the SSD Zone, will lead to a much more robust geological and structural model at Toiyabe. This in turn could point us to some exciting follow-up targets based on our much-improved understanding of mineralization controls at Toiyabe."



Figure 2: Drill Testing the California Target Area



<a href='https://thenewswire.com/data/tnw/clients/img/00040159ddd94c46438a7e337a8e87f5.png' target='_blank'><img src="https://thenewswire.com/data/tnw/clients/img/00040159ddd94c46438a7e337a8e87f5_.png" /></a> 
Click Image To View Full Size

 

Figure 3: Drill Testing the SSD Zone at the Toiyabe-Saddle Down-dip Target Area



<a href='https://thenewswire.com/data/tnw/clients/img/616bf97a192f65ba9a243b208141e4d6.png' target='_blank'><img src="https://thenewswire.com/data/tnw/clients/img/616bf97a192f65ba9a243b208141e4d6_.png" /></a> 
Click Image To View Full Size

 

Figure 4: Drill Testing the TH Fault at the Toiyabe Hills North & South Target Areas



<a href='https://thenewswire.com/data/tnw/clients/img/7ad02816307fc1ea7e9682ba14f66e10.png' target='_blank'><img src="https://thenewswire.com/data/tnw/clients/img/7ad02816307fc1ea7e9682ba14f66e10_.png" /></a> 
Click Image To View Full Size

 

Next Steps



The Company's technical team has begun its initial post-campaign analyses, which will include logging of all the completed holes, and a fulsome update to the 3D model. Data pertaining to mineralization will be incorporated into the model as assays are received. Along with fire assays / ICP (Au – ICP21) for gold mineralization, ALS Ltd. will also be testing for a full 48-element suite with four acid / ICP-MS (ME-MS61). To Westward's knowledge, this will be the first drill campaign at Toiyabe to do so.



(1) Source: NI 43-101 Technical Report, American Consolidated Minerals Corporation, Prepared by Paul D. Noland, P. Geo., May 27, 2009 (the "2009 Technical Report"). A qualified person has not done sufficient work to classify the Historical Estimate at Toiyabe as current mineral resources and Westward is not treating the Historical Estimate on Toiyabe as a current mineral resource, as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). The Historical Estimate was calculated using mining industry standard practices for estimating Mineral Resource and Mineral Reserves (2005) which was prior to the implementation of the current CIM standards for mineral resource estimation (as defined by the CIM Definition Standard on Mineral Resources and Ore Reserves dated May 10, 2014). The key assumptions, parameters and methods used to prepare the Historical Estimate on Toiyabe are described in the 2009 Technical Report. While Westward considers the Historical Estimate on Toiyabe disclosed in this news release to be relevant to investors, it cautions readers that it should not be unduly relied upon in drawing inferences on the mineralization on Toiyabe, as additional work is required to upgrade or verify the Historical Estimate as a current mineral resource. This additional work includes (but may not be limited to): re-sampling and re-assaying of available core and/or pulps, verification of assay certificates and digital assay data, verification of select drill hole collars, review and verification of drill hole geologic logs versus the preserved core and RC cuttings, incorporation of AuCN assays to provide a general understanding of metallurgical characteristics, review and verification of mineralization controls and modelling techniques.



(2) Sources: NI 43-101 Technical Report, IM Exploration Inc., Prepared by Donald E. Cameron, P.Geo., August 5, 2021; Toiyabe data room and drill log files inherited from previous operators. The Company and its qualified person have relied on third-party data during its review of the information presented herein, and while it believes the information to be relevant to investors, it cautions readers that it should not be unduly relied upon in drawing inferences on the mineralization at Toiyabe, as additional work is required to confirm drill intercepts and/or soil samples, including (but not limited to): re-sampling and re-assaying of available core and/or pulps, verification of assay certificates where available, review and verification of drillhole geologic logs versus the preserved core and RC cuttings.



Qualified Person



The technical information contained in this news release was reviewed and approved by Steven R. Koehler, Technical Advisor to the Company, who is a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Koehler is a Certified Professional Geologist (CPG) through the American Institute of Professional Geologists (AIPG).



About Westward Gold



Westward Gold is a mineral exploration company focused on developing the Toiyabe, Turquoise Canyon, and East Saddle Projects located in the Cortez Hills area of Lander County, Nevada. From time to time, the Company may also evaluate the acquisition of other mineral exploration assets and opportunities.



For further information contact: 



Colin Moore 
President, CEO & Director 
Westward Gold Inc. 
<a href="mailto:colin@westwardgold.com">colin@westwardgold.com</a> 
Tel: +1 (647) 403 0391



<a href="http://www.westwardgold.com" title="www.westwardgold.com">www.westwardgold.com</a>



The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.



This news release contains or incorporates by reference "forward-looking statements" and "forward-looking information" as defined under applicable Canadian securities legislation. All statements, other than statements of historical fact, which address events, results, outcomes, or developments that the Company expects to occur are, or may be deemed, to be, forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as "expect", "believe", "anticipate", "intend", "estimate", "potential", "on track", "forecast", "budget", "target", "outlook", "continue", "plan" or variations of such words and phrases and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved or the negative connotation of such terms.



Such statements include, but may not be limited to, information as to strategy, plans or future financial or operating performance, such as the Company's expansion plans, project timelines, expected drilling targets, and other statements that express management's expectations or estimates of future plans and performance.



Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company's properties; the effect of changes in commodity prices; regulatory risks that development of the Company's material properties will not be acceptable for social, environmental or other reasons, availability of equipment (including drills) and personnel to carry out work programs, that each stage of work will be completed within expected time frames, that current geological models and interpretations prove correct, the results of ongoing work programs may lead to a change of exploration priorities, and the efforts and abilities of the senior management team. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. These and other factors may cause the Company to change its exploration and work programs, not proceed with work programs, or change the timing or order of planned work programs. Additional risk factors and details with respect to risk factors that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this news release are set out in the Company's latest management discussion and analysis under "Risks and Uncertainties", which is available under the Company's SEDAR profile at <a href="http://www.sedar.com" title="www.sedar.com">www.sedar.com</a>. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company's forward-looking statements and information are based on the assumptions, beliefs, expectations, and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.

  

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