I-80 Gold Stock Price, News & Analysis

i-80 Gold Corp (NYSE:IAUX) has successfully closed its previously announced bought deal public offering, raising US$172.88 million through the issuance of 345,760,000 units at US$0.50 per unit. Each unit consists of one common share and half a warrant, with each full warrant exercisable at US$0.70 until November 16, 2027.

Additionally, the company plans to complete a concurrent private placement of 22,240,000 units on identical terms, expected to raise an additional US$11.12 million, bringing the total gross proceeds to US$184 million. The private placement, targeted at directors, officers, and current shareholders, is expected to close around May 20, 2025.

The proceeds will be used to support i-80's new development plan in Nevada and for general working capital purposes.

i-80 Gold Corp (NYSE:IAUX) has announced an upsizing of its previously announced bought deal public offering due to excess demand. The company will now issue 320 million units at US$0.50 per unit, raising total gross proceeds of US$160 million. Each unit consists of one common share and one-half of a warrant, with each whole warrant exercisable at US$0.70 per share for 30 months. The underwriters, led by National Bank Financial Inc. and Cormark Securities Inc., have been granted a 15% over-allotment option worth up to US$24 million. The offering is expected to close around May 16, 2025, subject to regulatory approvals from the Toronto Stock Exchange and NYSE American.

i-80 Gold Corp (NYSE:IAUX) has announced a US$135 million bought deal public offering of units. Each unit, priced at US$0.50, consists of one common share and one-half of a common share purchase warrant. Each whole warrant allows the purchase of one common share at US$0.70 for 30 months after closing.

The underwriters, led by National Bank Financial Inc. and Cormark Securities Inc., have an over-allotment option to purchase an additional 15% of the base offering, potentially adding US$20.25 million in proceeds. The offering is expected to close around May 16, 2025. Proceeds will fund growth expenditures supporting i-80's new development plan in Nevada and general corporate purposes.

i-80 Gold Corp (NYSE: IAUX) reported its Q1 2025 financial results with revenue of $14.0 million, up from $8.4 million in Q1 2024. The company sold 4,952 gold ounces at an average price of $2,825/oz. Despite higher revenue, i-80 reported a net loss of $41.2 million ($0.10 per share), wider than the $19.7 million loss in Q1 2024. The company's cash balance stood at $13.5 million as of March 31, 2025. At Granite Creek Underground, the company's first gold project, dewatering efforts are progressing with enhanced pumping capacity. The company filed preliminary economic assessments for all five gold projects, with a combined after-tax NPV of $1.6 billion. Management is pursuing various financing options, including a recently finalized $12 million working capital facility with Auramet International.

i-80 Gold Corp (NYSE: IAUX) has appointed Paul Chawrun as Chief Operating Officer, effective April 30, 2025. Chawrun brings over 30 years of technical, operating, and corporate leadership experience in mining, with extensive expertise in gold mining operations globally.

Most recently serving as COO at Centerra Gold, Chawrun oversaw improvements in safety standards, cost reductions, and operations start-up. His previous role as COO at Teranga Gold involved transitioning the company to a multi-asset producer and managing mill expansion projects.

The leadership change includes Matthew Gili's resignation as President and COO, with CEO Richard Young assuming the additional role of President. Chawrun, holding degrees in Mining Engineering, Geology, and an MBA, will focus on advancing i-80 Gold's Nevada-based project pipeline toward mid-tier producer status.

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.