The Nevada Department of Education and Nevada Gold Mines (NGM) have renewed its partnership for the fifth year to help K-12 teachers improve education for all 17 counties throughout the state.
On Monday, Nevada Gold Mines has also announced an investment of an additional $500,000 to help the Nevada Department of Education increase the number of high-quality educators in the state.
NGM is a joint venture partially owned and run by Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX), and education technology provider, Discovery Education.
In July 2020, the Nevada Department of Education made Discovery Education Experience, a K-12 learning platform free for all Nevada educators and students, ensuring families across the state could access it. Nevada joins several other states, including Louisiana, New Hampshire, Mississippi, Montana, and South Carolina, in using Discovery Education resources statewide.
Since partnering in 2020, educators and students have actively engaged with Discovery Education’s digital K-12 resources, logging over 4.6 million interactions. More than 24,000 educators and 344,000 students have benefited from these tools. Renewing this partnership for another 12 months ensures all students and teachers can continue accessing these resources without interruption.
“We are incredibly pleased to continue this powerful collaboration benefiting the state of Nevada,” said Jhone Ebert, superintendent of public instruction.
Nevada Gold Mines, a global leader in mining, directly invests in social and economic opportunities, focusing on education, the environment, health, economic development, and cultural heritage. So far, the company has contributed nearly USD$5 million to enhance education across the state.
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Nevada Gold Mines shows strong community engagement
Nevada Gold Mines actively engages in various community support initiatives across Nevada, contributing significantly to local development.
Since 2020, its Community Development Committees have provided over USD$5 million to support key areas such as economic development, education, environmental protection, health, and cultural heritage.
These committees work closely with local stakeholders across different regions, including Southern Nevada, Elko, Spring Creek, Carlin, Eureka, Battle Mountain, Winnemucca, Wells, Wendover, and Native American communities, to address critical community needs and foster growth.
The company also demonstrates a strong commitment to environmental stewardship. Through its Heritage Fund Wildlife Endowment, Nevada Gold Mines supports habitat enhancement and restoration projects to protect and preserve Nevada’s natural ecosystems. Its environmental initiatives include successful collaborations with agencies to reintroduce the Columbian sharp-tailed grouse into its native habitat, highlighting its dedication to biodiversity and sustainable conservation efforts.
In other news, Bank of America (NYSE: BAC) revised its ratings for two major precious metals companies ahead of their Q4 2024 earnings releases.
Analysts downgraded Barrick Gold to Neutral, while Kinross Gold (NYSE: KGC) (TSE: K) received a double upgrade to Buy due to improved confidence in its mine life, production sustainability, and unit costs.
Furthermore, analysts anticipate strong Q4 results, with average gold prices reaching USD$2,661 per ounce, a 35 per cent year-over-year increase. BofA forecasts USD$3 billion in free cash flow for North American precious metals companies in Q4, with a focus on capital allocation priorities.
Companies prioritizing capital returns over growth are expected to see stronger share price performance. BofA also raised its 2026 production and EPS forecasts for Kinross, projecting 2 million gold equivalent ounces.
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joseph@mugglehead.com
