i-80 Gold advances Ruby Hill with high-grade drilling

The latest update is out from i-80 Gold Corp ( (TSE:IAU) ).

i-80 Gold Corp. reported on April 8, 2026, that infill drilling at the Upper Archimedes zone on its Ruby Hill property returned high-grade gold intercepts, including 24.6 grams per tonne over 23.6 meters, confirming continuity of mineralization and supporting resource expansion potential. The company has completed about 7,500 meters of drilling, is advancing underground development on schedule with roughly 1,200 meters completed, and is evaluating newly intersected oxide mineralization and a major Lower Archimedes drill campaign to underpin a new resource estimate and feasibility study, aligning with a staged plan targeting first gold from Upper Archimedes in the third quarter of 2026 and a projected 10-year mine life averaging 100,000 ounces of gold annually after ramp-up.

The most recent analyst rating on (TSE:IAU) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on i-80 Gold Corp stock, see the TSE:IAU Stock Forecast page.

Spark’s Take on IAU Stock

According to Spark, TipRanks’ AI Analyst, IAU is a Neutral.

The score is held down primarily by weak financial performance (large losses and ongoing cash burn), partially offset by a moderate balance-sheet base and debt reduction. The earnings call was a positive catalyst (financing secured and defined ramp plan), while technicals are mixed and valuation provides limited support due to negative earnings and no dividend.

To see Spark’s full report on IAU stock, click here.

More about i-80 Gold Corp

i-80 Gold Corp. is a precious metals mining company focused on gold projects in Nevada, with shares listed on the TSX and NYSE American. The company is developing multiple underground operations, including the Archimedes project on its Ruby Hill property, with a strategy to supply ore to its Lone Tree processing plant and leverage third-party toll milling in the interim.

Average Trading Volume: 2,168,263

Technical Sentiment Signal: Buy

Current Market Cap: C$1.95B

See more data about IAU stock on TipRanks’ Stock Analysis page.