I-80 Gold - IAUX STOCK NEWS

Gold prices are setting new records with analysts predicting a 'once-in-a-generation' bull run for mining stocks. Gold analyst Don Durrett projects gold could reach $4,000 per ounce, while major banks like UBS and Deutsche Bank forecast $3,500 and $3,700 respectively.

Lake Victoria Gold is advancing its Tembo Project in Tanzania's Lake Victoria Goldfield, adjacent to Barrick's Bulyanhulu Mine. The company recently secured four Mining Licenses valid for 10 years and completed the acquisition of the Imwelo Mining License. They've secured a potential gold prepay agreement for 7,000 ounces with Monetary Metals and received a C$3.52 million investment from TAIFA Group at C$0.22 per share.

The company has invested US$28 million in historical exploration at Tembo, including over 50,000 meters of drilling, identifying several high-grade zones. A previous deal with Barrick for six non-core licenses included $6 million upfront and up to $45 million in contingent payments.

i-80 Gold Corp (NYSE: IAUX) announced that Matthew Gili will step down from his position as President & Chief Operating Officer. Gili, who has served since the company's inception in 2021, will remain in his role until a successor is appointed and through a transition period.

Under Gili's leadership, the company achieved significant milestones including:

• Advancement of exploration initiatives
• Resource expansion
• Progress in technical studies and permitting
• Bringing the Granite Creek Underground project into early-stage production

CEO Richard Young will assume the President role following Gili's departure. The company has initiated a search for a new COO to lead its next growth phase while maintaining focus on development timelines.

i-80 Gold Corp (NYSE: IAUX) has filed independent technical reports for four key mining properties on SEDAR+ and EDGAR. The reports cover the Cove Project, Ruby Hill Projects (including Archimedes Underground and Mineral Point Open Pit), Granite Creek Projects (including Underground and Open Pit), and Lone Tree Project.

All technical reports are dated March 2025 with an effective date of December 31, 2024, and were prepared by various qualified mining experts and consulting firms including Practical Mining , TR Raponi Consulting , Forte Dynamics, Global Resource Engineering, and GeoGlobal These reports support the company's previous disclosures made in news releases throughout February and March 2025.

i-80 Gold Corp (NYSE: IAUX) reported its Q4 and full-year 2024 results, highlighting a strategic shift in development plans. The company recorded Q4 revenue of $23.2 million with gold sales of 9,053 ounces at an average price of $2,560/oz. Full-year 2024 revenue was $50.3 million with total gold sales of 21,527 ounces at $2,332/oz.

Key financial metrics include a Q4 loss of $0.04 per share, improved from $0.12 loss in Q4 2023, and a year-end cash balance of $19.0 million. The company faced operational challenges at Granite Creek Underground due to increased groundwater issues, impacting productivity.

Looking ahead, i-80 Gold projects 2025 production of 30,000-40,000 ounces of gold, with Granite Creek Underground contributing 20,000-30,000 ounces. The company entered a new gold and silver prepay agreement with National Bank of Canada for approximately 6,800 ounces of gold and 345,000 ounces of silver, deliverable by September 2025.

i-80 Gold Corp (NYSE: IAUX) has announced key reporting dates for its technical reports and 2024 financial results. Technical reports for five gold projects across three properties - including Cove, Archimedes Underground, Mineral Point Open Pit, Granite Creek Underground and Granite Creek Open Pit - will be filed on March 31, 2025.

The company will file both S-K 1300 Reports on EDGAR and NI 43-101 reports on SEDAR+, totaling eight technical reports including the Lone Tree property. As a first-time US domestic issuer transitioning from IFRS to US GAAP, i-80 Gold will file its Form 10-K after market close on March 31, 2025.

A conference call and webcast to discuss Q4 and full year 2024 results is scheduled for April 1, 2025, at 9:00 a.m. ET.

i-80 Gold Corp (NYSE: IAUX) has secured two important third-party processing agreements for toll milling and ore sales of refractory and oxide material, effective through December 31, 2027. The company aims to complete the refurbishment of its Lone Tree autoclave facility by this date to process material from its underground gold mines.

The economic terms of these agreements align with the recently disclosed life of mine cash flows for the Archimedes Underground Project (February 18, 2025) and the Granite Creek Underground Project (March 5, 2025). These agreements are strategic enablers for advancing development of two of i-80's three underground gold mines while the autoclave facility undergoes planned refurbishment.

A class III engineering study for the autoclave refurbishment is expected to be completed by the end of Q3 2025.

i-80 Gold Corp (NYSE:IAUX) has announced positive results from the Preliminary Economic Assessment (PEA) for its Granite Creek Open Pit Project in Nevada. The project demonstrates robust economics with an after-tax NPV(5%) of $421 million and an IRR of 30% at $2,175/oz gold price.

The project features a 10-year mine life with annual gold production of approximately 130,000 ounces following ramp-up. The mine will process 3.5 million tonnes annually through a Carbon-in-Leach (CIL) facility, with an average gold grade of 1.25 g/t and expected recovery of 86.6%.

Key financial metrics include:

• Estimated life-of-mine cash costs of $1,185/oz
• All-in-sustaining costs of $1,225/oz
• Initial construction capital of $200 million
• Pre-production stripping cost of $33.9 million
• Sustaining capital of $30.3 million

i-80 Gold Corp (NYSE: IAUX) has announced positive results from a Preliminary Economic Assessment (PEA) for its Granite Creek Underground Project in Nevada. The project shows an after-tax NPV(5%) of $155 million at $2,175/oz gold price and $344 million at $2,900/oz gold.

Key highlights include:

• 8-year mine life with average annual gold production of ~60,000 ounces post ramp-up
• Measured & Indicated resource of 261,000 ounces at 10.5 g/t gold
• Inferred resource of 326,000 ounces at 13.0 g/t gold
• Estimated cash costs of $1,366/oz and all-in-sustaining costs of $1,597/oz

The company expects 20,000-30,000 ounces of gold production in 2025. The project's economics are expected to improve significantly after 2028 when i-80's Lone Tree autoclave facility is commissioned, increasing recovery rates from current 78% to approximately 92%.

i-80 Gold Corp (TSX: IAU) (NYSE: IAUX) has completed key steps in its recapitalization plan, including amendments to its $65 million convertible debenture indenture and closing of a concurrent private placement. The company has finalized a supplemental indenture that revises conversion price terms for accrued interest, establishes security ranking for the McCoy-Cove Project, and introduces a 104% premium redemption right.

The amendments include new conversion price calculations with a 15% discount based on trading prices on TSX and NYSE American. Additionally, i-80 Gold has closed a concurrent private placement of 997,871 common shares at C$0.80 per share, raising approximately C$798,297 from company insiders. The private placement proceeds will be used for working capital and general corporate purposes.