IAUCF - IAUCF STOCK NEWS

i-80 Gold Corp. (IAUCF) reported its Q1 2022 results, achieving first gold sales of 1,489 ounces at an All-in Sustaining Cost (AISC) of $1,249 per ounce. The company continued significant developments, including 100 meters of ramp development and 10,000 meters of drilling at Granite Creek, alongside refurbishment studies at Lone Tree autoclave. Total revenue reached $2.86 million, but the operating loss was $13.13 million. Exploration costs surged to $9.3 million due to advanced projects at Granite Creek and Ruby Hill, indicating investment in future production growth.

i-80 Gold Corp. has announced an agreement to acquire approximately 1,280 acres adjoining its Granite Creek Property in Humboldt County, Nevada, from Nevada Gold Mines LLC for $4 million. This acquisition extends mineral exposure by over 3 km along the Getchell/Range Front fault structure, crucial for gold deposits. It includes rights to a northern extension of the South Pacific Zone, where recent drilling has shown significant high-grade gold mineralization, with grades up to 25.5 g/t Au. The Company continues its drilling program, targeting further mineral expansion.

i-80 Gold Corp. announced promising results from the final four holes of its 2021 underground drill program at the Granite Creek Property in Nevada. Notable intersections include 27.7 g/t Au over 12.6 m and 54.7 g/t Au over 5.9 m, confirming the high-grade nature of the Ogee Zone, a primary target for near-term development. The ongoing 30,000 metre drill program aims to enhance mineralization definitions, with initial operations expected to truck mineralization to Nevada Gold Mines for processing by mid-2022.

i-80 Gold Corp. announces significant results from its Phase 1, 2021 drilling at the Granite Creek Property in Nevada, identifying high-grade gold mineralization in the South Pacific Zone (SPZ). A total of 16 holes were drilled, confirming mineralization continuity over 600 metres. Notable results include 16.3 g/t Au over 15.7 metres from hole iGS21-18. The ongoing drilling aims to expand this high-grade zone, with a resource update anticipated after the 2022 program. The SPZ is strategically located near prominent gold mines, enhancing its exploration potential.

i-80 Gold Corp. (TSX: IAU, OTCQX: IAUCF) will host an Investor Day following its Annual General Meeting on May 10, 2022, in Toronto. The AGM starts at 4:00 PM EDT with the Investor Day at 4:30 PM EDT, accessible via webcast. The presentation will showcase the company's first-year achievements, including successful exploration at Granite Creek and updates from Ruby Hill. Additionally, Q1 2022 financial results will be shared. This event offers investors a chance to engage with the Board and Management.

i-80 Gold Corp. (IAUCF) announced significant drilling results from the South Pacific Zone at its Granite Creek Property in Nevada. Results from the 2021 drill program included high-grade gold intersections, such as 15.3 g/t Au over 10.5m, highlighting the zone's potential. The ongoing 2022 drill program has expanded to approximately 30,000m, targeting further resource delineation. CEO Ewan Downie noted improved ground conditions and plans to integrate the South Pacific Zone into the company's near-term mine plan.

i-80 Gold Corp. (OTCQX: IAUCF) has successfully closed the gold prepay and silver purchase segments of its financing package with Orion Mine Finance. This completion boosts its cash and restricted cash to approximately US$165 million, with an additional $100 million accessible through an accordion feature. The financing includes a $45 million gold prepay agreement and a $30 million silver purchase agreement, enabling i-80 to deliver gold and silver to Orion under structured terms. This solidifies i-80's position as a Nevada-focused mining company with a robust balance sheet.

i-80 Gold Corp. reported significant high-grade gold assay results from its underground drill program at Granite Creek, Nevada. Key intersections include 25.4 g/t Au over 3.9 m and 12.6 g/t Au over 3.0 m. The ongoing drilling, now extended to over 30,000 m, aims to enhance underground production capabilities. New results confirm continued delineation of high-grade mineralization, supporting the potential for future mining activities. The company plans to transport refractory ore for processing at Twin Creeks while awaiting the operational status of its Lone Tree facility.

i-80 Gold Corp. (TSX: IAU, OTCQX: IAUCF) reported significant operating and financial milestones for the year ended December 31, 2021. Highlights include a one-time after-tax gain of $106.7 million from an asset exchange with Nevada Gold Mines and total revenues of $31.9 million. The Company also completed vital acquisitions, including the Ruby Hill Mine and Granite Creek Property, and raised $228.9 million through financing. Despite an operating loss of $16.6 million, the total cash balance reached $87.6 million, supported by ongoing development and exploration efforts.