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. reports developments tied to its Nevada-focused gold mining portfolio, including exploration, development and production activity across high-grade projects and processing assets. The company’s updates commonly address its development plan, drilling and technical work, permitting activity, operating and financial results, and the Lone Tree processing strategy that supports a regional hub-and-spoke model.
Recurring corporate news also covers capital-structure actions and material financing agreements, including gold prepayment arrangements, convertible senior notes, royalty financing and debt retirement. The company’s public updates link those financing activities to advancement of its gold projects, refurbishment of processing infrastructure and working-capital needs.
i-80 Gold Corp. announced significant drilling results from the 426 Zone at its Ruby Hill Property in Nevada. Key highlights include intersections of high-grade gold mineralization, such as 13.9 g/t Au over 13.4 m and 15.6 g/t Au over 12.2 m. The ongoing 20,000-meter drill program aims to define resources for initial mining plans and support underground operation development. The company expects to utilize existing infrastructure to process mineralization, thereby mitigating inflationary risks. An updated mineral resource estimate is anticipated following the drill program.
i-80 GOLD CORP. reported second-quarter 2022 results, showing gold sales of 3,507 ounces and an all-in sustaining cost of $1,356 per ounce. The company raised $75 million from gold prepay and silver agreements, maintaining a cash balance of $101 million as of June 30. Significant drilling activity at Granite Creek and Ruby Hill yielded multiple high-grade intercepts, with a total of 145,887 feet drilled YTD. The company continues progress on the Lone Tree autoclave refurbishment and advancement of the McCoy-Cove exploration decline.
i-80 Gold Corp. (TSX: IAU, NYSE: IAUX) will release its unaudited financial and operational results for the three and six months ending June 30, 2022, on August 10, 2022, before market open. A live conference call will follow at 10:00 am ET, allowing investors and analysts to engage with the executive team. i-80 Gold aims to become a mid-tier gold producer, focusing on multiple deposits within its Nevada-based portfolio, to be processed at the Lone Tree facility.
i-80 Gold Corp. announced promising results from its underground drilling at the Granite Creek Mine Property in Humboldt County, Nevada. Key highlights include high-grade gold mineralization such as 16.0 g/t Au over 33.9 m and 24.4 g/t Au over 14.6 m, primarily in the Ogee and Adam Peak zones. The ongoing drill program aims to delineate mineralization for mining and enhance resource estimates, contributing to a planned resource update after approximately 30,000 meters of drilling. The Company is simultaneously conducting metallurgical tests by delivering bulk samples to nearby Nevada Gold Mines.
i-80 Gold Corp. has announced significant advancements in its McCoy-Cove Property, including over 300 meters of decline and plans for a 40,000-meter underground drilling program starting in Q4-2022. This Phase 1 program aims to construct multiple drill bays for resource upgrading and culminate in a Feasibility Study anticipated in 2023. The Cove deposit is highlighted as one of North America's highest-grade gold deposits, with grades exceeding 10 g/t Au. These efforts are part of i-80's strategy to enhance its production capacity at the Lone Tree autoclave facility.
i-80 Gold Corp. (TSX: IAU, NYSE: IAUX) announced successful step-out drilling at Ruby Hill, Nevada, revealing high-grade gold zones. Key intersections include 19.8 g/t Au over 33.2 m and other significant intervals. The Ruby Deeps deposit, which remains open for expansion, indicates potential for resource growth. The current drill program has expanded to over 20,000 metres, aimed at defining resources and supporting an underground mine development. CEO Ewan Downie expressed optimism regarding the project's potential to host a world-class gold deposit.
i-80 Gold Corp. (TSX: IAU, NYSE: IAUX) has commenced shipping ore from its Granite Creek Mine to Nevada Gold Mines LLC as part of a toll-milling agreement. This operation marks a significant milestone achieved ahead of schedule in the company’s 2022 plan. President & COO Matt Gili highlighted the objective to ramp up mining operations to 450 tons per day by year-end and target 1,000 tons daily in H2-2023. The company does not anticipate reporting ounces from Granite Creek until Q4 of 2022 due to initial blending processes.
i-80 Gold Corp. has filed a preliminary short form base shelf prospectus in Canada and a corresponding shelf registration statement with the SEC in the U.S. This filing is a routine requirement linked to a previous financing arrangement. Currently, the company has a strong cash position of about US$130 million and is not seeking to raise additional capital. The Registration Statement is not yet effective, meaning no securities can be sold until it is approved. Detailed information can be accessed via SEDAR and EDGAR.
i-80 Gold Corp. (TSX: IAU) (NYSE: IAUX) reports promising results from its 2022 underground drilling program at the Granite Creek Property in Nevada. Highlights include:
- 28.1 g/t Au over 18.7 m in hole iGU22-01
- 15.0 g/t Au over 14.6 m in hole iGU22-03
- 33.8 g/t Au over 4.8 m in hole iGU22-13
The drilling aims to define mineralization for a forthcoming Feasibility Study and is expanding access to the Ogee Zone, which is expected to be a key contributor to future mining.
i-80 Gold Corp. (TSX: IAU, NYSE: IAUX) reported significant drilling results from the South Pacific Zone at its Granite Creek Property in Humboldt County, Nevada. Notably, the deepest hole, iGS22-05, assayed 16.4 g/t Au over 15.3 m, indicating strong mineralization potential at greater depths. Other notable results include 11.2 g/t Au over 9.0 m in hole iGS22-02 and 10.7 g/t Au over 4.6 m in hole iGS22-06. The ongoing drilling program aims to expand mineralization, with a resource update expected later in 2022.