I-80 Gold Stock Price, News & Analysis

i-80 Gold (NYSE:IAUX) has secured all necessary permits and commenced construction at its Archimedes underground mining project in Nevada. The project, located at the Ruby Hill property, represents a significant milestone in the company's Phase One growth strategy. Key highlights include:

The project hosts 436,000 ounces of Indicated gold resources at 7.6 g/t and 988,000 ounces of Inferred resources at 7.3 g/t. Production is expected to begin in Q4 2026, with an anticipated average annual gold output of 100,000 ounces and a 10-year mine life. The project's economics show an after-tax NPV of $644 million with an 81% IRR at $3,000/oz gold.

Construction capital is estimated at $47 million, with development and closure costs of $106 million. The company has accelerated its feasibility study timeline to Q1 2027, with comprehensive infill drilling programs planned.

i-80 Gold Corp (NYSE: IAUX) reported Q2 2025 financial results and development updates across its mining portfolio. Revenue reached $27.8 million, up from $7.2 million year-over-year, with gold sales of 8,400 ounces at an average price of $3,301 per ounce.

The company successfully raised $185.5 million through a bought deal offering and private placement, with net proceeds of $175.2 million. The cash balance stood at $133.7 million as of June 30, 2025. The company aims to achieve average annual production of 600,000 ounces of gold by the early 2030s.

Key development initiatives include underground development at Archimedes, completion of infill drill programs, and the Lone Tree autoclave feasibility study. The company is executing a three-phase development plan focusing on high-grade underground refractory deposits and processing facility upgrades.

[ "Revenue increased significantly to $27.8 million from $7.2 million year-over-year", "Successful equity financing raised $185.5 million with net proceeds of $175.2 million", "Strong cash position of $133.7 million, up $120.2 million from previous quarter", "Gold sales increased to 8,400 ounces from 3,445 ounces year-over-year", "Loss per share improved to $0.05 from $0.11 in prior year quarter" ]

i-80 Gold Corp (NYSE:IAUX) has provided a comprehensive update on its Nevada gold projects development plan. The company is advancing multiple high-grade projects, including the Granite Creek Underground, Lone Tree Autoclave Processing Facility, Archimedes Underground, Cove Underground, Granite Creek Open Pit, and Mineral Point Open Pit.

Key developments include: implementation of a hydrogeological model at Granite Creek Underground, optimization of Lone Tree feasibility work with completion targeted for Q4 2025, near-completion of Archimedes permitting with expected approval in Q3 2025, and ongoing NEPA permitting at Cove. The company aims to establish itself as a mid-tier gold producer with production contributions expected from Archimedes in late-2026, Cove in mid-2029, and Mineral Point in H2 2031.

i-80 Gold Corp (NYSE: IAUX) held its 2025 annual and special meeting of shareholders on June 17, with 53.1% of outstanding shares (235,438,321) represented. Shareholders approved maintaining seven board directors and re-elected all nominated directors, with Richard Young receiving the highest approval at 96.7% and John Seaman receiving the lowest at 78.8%. The meeting also confirmed Grant Thornton LLP (USA) as auditors and approved the Company's Advance Notice Policy for director nominations. The voting results demonstrated strong shareholder support for the current leadership, with all directors receiving over 78% approval rates.

i-80 Gold Corp (NYSE: IAUX) has successfully closed a US$11.12 million private placement, selling 22.24 million units at US$0.50 per unit. Each unit includes one common share and half a warrant, with warrants exercisable at US$0.70 until November 2027. This private placement, combined with a previous offering, raised total gross proceeds of US$184 million. Notable insider participation included directors and officers purchasing 1.825 million units, with Director and Senior Officer Richard Young leading with a US$647,500 investment. The funds will support i-80's new development plan in Nevada and general working capital purposes.

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.