Welcome to our dedicated page for I-80 Gold news (Ticker: IAUX), a resource for investors and traders seeking the latest updates and insights on I-80 Gold stock.
I-80 Gold Corp (NYSE: IAUX) operates a diversified portfolio of advanced-stage gold projects in Nevada, employing a capital-disciplined approach to mine development. This news hub provides investors and industry observers with essential updates on operational milestones, strategic initiatives, and corporate developments.
Access authoritative information on drilling results, permitting progress, and production updates from key assets including Ruby Hill and McCoy-Cove. Our curated collection features official press releases alongside third-party analysis of financial results, partnership announcements, and technical reports.
Key updates include resource expansion at Granite Creek, infrastructure improvements at Lone Tree, and metallurgical testing outcomes. The page serves as a centralized resource for tracking the company's progress in developing high-grade deposits through its systematic, risk-managed approach.
Bookmark this page for streamlined access to I-80 Gold's latest developments in Nevada's mining sector. Check regularly for updates on project timelines, operational efficiencies, and corporate strategy execution.
i-80 Gold (NYSE:IAUX) has reported significant drilling results from its Granite Creek Underground and Cove Projects in Nevada. At Granite Creek, initial assay results from six holes showed impressive high-grade mineralization, with notable intersections including 33.6 g/t gold over 2.9 meters and 29.7 g/t gold over 3.6 meters in hole iGS25-02A.
The company has completed 20 of 40 planned holes over approximately 14,000 meters at Granite Creek's South Pacific Zone. At the Cove Project, approximately 45,000 meters of infill drilling has been completed over the last two years. Both projects are advancing toward feasibility studies expected in Q1 2026.
The drilling programs aim to convert mineral resources to higher confidence categories and demonstrate expansion potential at both properties. About 15% of Cove's mineralization is oxidized and will be processed at the company's Lone Tree facility.
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) 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 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.