i-80 Gold Corp Announces Major Public Offering

i-80 Gold Corp ( (TSE:IAU) ) has provided an announcement.

On May 13, 2025, i-80 Gold Corp entered into an Underwriting Agreement with National Bank Financial Inc. for a public offering of 320 million units at $0.50 per unit, expected to close on May 16, 2025. The net proceeds of approximately $164.2 million will be used for development and growth capital expenditures across key projects and to settle prepayments with financial institutions. The offering includes options for underwriters to purchase additional units, shares, and warrants, with the warrants governed by a Warrant Indenture. Concurrently, a private placement offering is planned, with proceeds intended for working capital and general corporate purposes.

The most recent analyst rating on (TSE:IAU) stock is a Buy with a C$1.75 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 TSE:IAU Stock

According to Spark, TipRanks’ AI Analyst, TSE:IAU is a Underperform.

i-80 Gold Corp’s overall score is heavily impacted by its financial instability and unfavorable valuation. While technical indicators point to a bearish trend, recent strategic developments and financing efforts provide some potential for future improvement. However, the current risks and challenges outweigh the positive outlook, leading to a low overall score.

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

More about i-80 Gold Corp

i-80 Gold Corp operates in the mining industry, focusing on the exploration, development, and production of gold and other precious metals. The company is involved in several key projects, including Granite Creek, Cove, Ruby Hill, and Lone Tree, positioning itself as a significant player in the gold mining sector.

Average Trading Volume: 715,519

Technical Sentiment Signal: Sell

Current Market Cap: C$305.9M

Learn more about IAU stock on TipRanks’ Stock Analysis page.