i-80 Gold Corp Unveils High-Grade Resource Estimate for FAD Project

i-80 Gold Corp ( (TSE:IAU) ) has shared an update.

i-80 Gold Corp announced a high-grade mineral resource estimate for its FAD Project, highlighting significant gold, silver, lead, and zinc mineralization. The project, located in Nevada, presents a substantial opportunity due to its high-grade nature and growth potential. Despite its potential, the FAD Project is considered non-core, and the company is contemplating its sale to support recapitalization objectives. The company remains focused on its core projects and aims to leverage the near-surface gold mineralization at the Gold Hill deposit through heap leaching at nearby facilities.

The most recent analyst rating on (TSE:IAU) stock is a Hold with a C$1.00 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 TSE:IAU Stock

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

The overall stock score reflects a mixed financial performance with strong revenue growth but significant profitability and cash flow challenges. Technical analysis shows positive momentum, while valuation metrics are weak due to ongoing losses. The earnings call provided a cautiously optimistic outlook, but operational challenges remain.

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

More about i-80 Gold Corp

i-80 Gold Corp is a mining company focused on the exploration and development of gold projects. The company operates primarily in Nevada, USA, and aims to become a mid-tier gold producer by advancing its portfolio of core gold projects and refurbishing its Lone Tree central processing facility.

Average Trading Volume: 888,259

Technical Sentiment Signal: Buy

Current Market Cap: C$1B

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