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 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.
i-80 Gold Corp (NYSE: IAUX) has announced an upcoming Investor Day scheduled for March 6, 2025, in Toronto. The event will run from 10:00 a.m. to 2:00 p.m. EST, featuring detailed presentations on the company's:
- Growth strategy
- Portfolio of gold projects
- Recently completed preliminary economic assessments
- Recapitalization plan
The event will include Q&A sessions with management and senior leadership. Interested parties can attend in person by RSVPing via email to info@i80gold.com or watch the live webcast through the provided link. A replay and presentation materials will be available on the company's website after the event.
i-80 Gold Corp (NYSE:IAUX) has announced positive results from the Preliminary Economic Assessment (PEA) for its Mineral Point Project in Nevada. The project demonstrates potential to become the company's flagship asset with an after-tax NPV of $614 million and an IRR of 12% at $2,175/oz gold price.
Key highlights include:
- 17-year mine life with annual gold equivalent production of ~280,000 ounces
- Estimated cash costs of $1,270/oz and all-in-sustaining costs of $1,400/oz
- Initial construction capital of $708 million, including $299 million for mobile equipment
- Updated mineral resources: 3.4M oz gold (indicated) at 0.48 g/t and 2.1M oz gold (inferred) at 0.34 g/t
- Significant silver resources: 104.3M oz (indicated) at 15.0 g/t and 91.5M oz (inferred) at 14.6 g/t
The project will utilize conventional open-pit mining with heap leach processing. Permitting is expected to commence in 2027, with feasibility study completion targeted for 2029.