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i-80 Gold Corp ( (TSE:IAU) ) has issued an announcement.
i-80 Gold Corp announced a positive Preliminary Economic Assessment (PEA) for its Archimedes Underground Project in Nevada, revealing a significant potential contribution to the company’s hub-and-spoke strategy. The project boasts a 10-year mine life with an estimated annual production of 100,000 ounces of gold and highlights the company’s leverage to gold prices. With an after-tax NPV of $127 million and an IRR of 23% at a gold price of $2,175/oz, the project is set to enhance i-80 Gold’s regional positioning despite higher costs and lower grades compared to other projects.
More about i-80 Gold Corp
i-80 Gold Corp is a mining company focused on developing its gold projects in northeastern Nevada. The company aims to implement a hub-and-spoke mining and processing strategy, with the Archimedes Underground Project playing a key role in their operations.
YTD Price Performance: 13.95%
Average Trading Volume: 933,886
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$387.7M
For an in-depth examination of IAU stock, go to TipRanks’ Stock Analysis page.
