I-80 Gold Stock Price, News & Analysis

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.

i-80 Gold Corp (TSX: IAU) (NYSE: IAUX) announced positive results from a Preliminary Economic Assessment (PEA) for its Archimedes Underground Project in Nevada. The project shows an after-tax NPV(5%) of $127 million and an IRR of 23% at a gold price of $2,175/oz.

Key highlights include:

• 10-year mine life with average annual gold production of ~100,000 ounces
• Updated mineral resource: 436,000 indicated gold ounces at 7.6 g/t and 988,000 inferred gold ounces at 7.3 g/t
• Estimated cash costs of $1,769 per ounce and all-in-sustaining costs of $1,893 per ounce
• Mine construction capital estimated at $49 million
• 90% of material to be processed at i-80's Lone Tree autoclave facility starting 2028

The project is expected to generate $212 million in after-tax cash flow over its life. Mining will begin in Q2 2025, with initial permitting phase nearing completion. A feasibility study is planned for 2028.

i-80 Gold Corp (TSX: IAU) (NYSE: IAUX) announced an updated preliminary economic assessment (2025 PEA) for its Cove Project in Nevada. The study reveals an after-tax NPV(5%) of $271 million and an IRR of 30% at $2,175/oz gold price.

Key highlights include:

• 8-year mine life with average annual gold production of 100,000 ounces
• Estimated cash costs of $1,194/oz and all-in-sustaining costs of $1,303/oz
• Updated mineral resources: 311,000 oz indicated (8.2 g/t) and 1.16 Moz inferred (8.9 g/t)
• Mine construction capital estimated at $157 million
• Production expected to ramp up during 2029

The project will utilize both i-80's Lone Tree autoclave facility and a third-party roasting facility for processing. A feasibility study is targeted for completion in Q4 2025.

i-80 Gold Corp (TSX: IAU) (NYSE: IAUX) has announced an updated preliminary economic assessment (2025 PEA) for its Cove Project in Nevada. The study reveals an after-tax NPV of $271 million with a 30% IRR at $2,175/oz gold price.

Key highlights include:

• 8-year mine life with average annual gold production of ~100,000 ounces
• Updated mineral resource: 311,000 oz indicated (8.2 g/t) and 1.16 Moz inferred (8.9 g/t)
• Mine construction capital estimated at $157 million
• Cash costs of $1,194 per ounce and all-in-sustaining costs of $1,303 per ounce

The project will utilize both cut-and-fill and bench-and-fill mining methods, with processing split between i-80's Lone Tree autoclave facility (60%) and a third-party roasting facility. A feasibility study is targeted for completion in Q4 2025, incorporating ongoing drill results not included in the current PEA.

i-80 Gold Corp (TSX: IAU) (NYSE: IAUX) has successfully completed its previously announced prospectus offering, raising approximately C$22.57 million through the sale of 28,212,593 common shares at C$0.80 per share. The offering was made available across Canadian provinces and territories (excluding Québec) through a prospectus supplement dated January 27, 2025, to its short form base shelf prospectus from June 21, 2024.

The company also expects to close a separate private placement offering to certain directors and officers in early February 2025, pending regulatory approvals from the Toronto Stock Exchange and NYSE American.