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The latest announcement is out from i-80 Gold Corp ( (TSE:IAU) ).
i-80 Gold Corp has announced positive results from the preliminary economic assessment (PEA) of its Mineral Point Open Pit Project located in the Ruby Hill Complex in Nevada. The project is expected to become a flagship asset, offering significant production scale with an estimated life of mine of 17 years and an annual production of approximately 280,000 ounces of gold equivalent. With an after-tax NPV of $614 million and an IRR of 12% based on a gold price of $2,175/oz, the project demonstrates robust economic potential. The company plans to fund the project through a combination of cash flow from existing operations and a corporate debt facility, aiming to enhance its industry positioning as a mid-tier gold producer.
More about i-80 Gold Corp
i-80 Gold Corp is a gold mining company focused on the development and production of gold assets in Nevada, United States. The company aims to become a mid-tier gold producer with a robust pipeline of growth, leveraging both high-grade underground mines and large-scale open pit projects.
YTD Price Performance: 32.56%
Average Trading Volume: 822,736
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$451M
Find detailed analytics on IAU stock on TipRanks’ Stock Analysis page.
