i-80 Gold Corp ( (TSE:IAU) ) has shared an announcement.
i-80 Gold Corp has released an updated Preliminary Economic Assessment (PEA) for its Cove Project in Nevada, indicating a robust financial outlook with an after-tax NPV of $271 million and an IRR of 30% at a gold price of $2,175/oz. This update reflects improved mining geometry, revised costs, and precious metal pricing, enhancing the company’s position in the mining industry. The assessment underscores the potential for the Cove Project to become a significant contributor to the company’s regional mining strategy, with plans to integrate high-grade material from multiple mines into a central processing facility. The PEA also highlights the project’s long-term viability, with a mine life of approximately 8 years and potential for extension through further exploration.
More about i-80 Gold Corp
i-80 Gold Corp is a company operating in the mining industry, primarily focusing on the exploration and development of gold projects. Their operations are centered in the Battle Mountain-Eureka Trend in Northern Nevada, United States, and they employ a ‘hub-and-spoke’ strategy to efficiently process high-grade materials from multiple underground mines.
Average Trading Volume: 1,302,200
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$360M
For detailed information about IAU stock, go to TipRanks’ Stock Analysis page.