Welcome to our dedicated page for i-80 Gold news (Ticker: IAUX), a resource for investors and traders seeking the latest updates and insights on i-80 Gold stock.
i-80 Gold Corp. (NYSE: IAUX, TSX: IAU) is a well-financed gold and silver producer focused on the exploration, development, and production of precious metals in Nevada. Established as a spin-out from Premier Gold Mines Limited following its acquisition by Equinox Gold in 2021, the company’s strategic goal is to evolve into a self-sustaining mid-tier mining entity. i-80 Gold Corp’s core assets include the Ruby Hill Mine, Lone Tree Mine, Granite Creek Mine, and the McCoy-Cove Project.
The company boasts a robust portfolio of advanced-stage projects, each showing significant exploration potential. The McCoy-Cove Property, strategically located in the prolific Battle Mountain Trend, is one of the company's key assets. Recent drilling results from the Helen Zone have confirmed high-grade gold mineralization, enhancing the project’s development prospects. The focus is on defining the resource and advancing the project towards full mine permitting.
i-80 Gold Corp’s Ruby Hill Property, located in Eureka County, is another cornerstone of their portfolio. Recent drilling has revealed high-grade polymetallic deposits, which are being incorporated into an initial resource estimate. The property is poised for significant expansion and development, with ongoing exploration targeting multiple high-potential zones.
The Granite Creek Mine in Humboldt County features high-grade gold mineralization. The site is undergoing extensive drilling programs aimed at resource expansion and enhanced mine planning. The South Pacific Zone, in particular, is expected to become a primary mining horizon due to its substantial gold grades.
Financially, i-80 Gold Corp maintains a strong position, bolstered by successful financing initiatives, such as the recent C$115 million public offering. This financial flexibility allows the company to aggressively pursue its development and exploration objectives. Additionally, strategic partnerships and ore sale agreements contribute to a steady revenue stream, supporting the company’s operational goals.
Overall, i-80 Gold Corp is focused on unlocking the full potential of its Nevada-based assets, advancing towards its vision of becoming a leading mid-tier gold producer. The company is committed to employing a methodical and capital-disciplined approach, minimizing risks while exploring accretive growth opportunities.
i-80 Gold Corp. (NYSE: IAUX, TSX: IAU) reported further high-grade results from its 2022 underground drilling at Granite Creek in Humboldt County, Nevada. Key findings include impressive intersections of gold mineralization such as 28.2 g/t Au over 17.8 meters and 39.0 g/t Au over 9.5 meters. The Ogee Zone, targeted for expansion, showcases significant potential with oxide mineralization suitable for processing. Strategic positioning near major mines enhances the property’s value as drilling continues to reveal promising results.
i-80 Gold Corp. will announce its unaudited financial and operational results for the three and nine months ended September 30, 2022 on November 9, 2022, before market open. A live conference call and webcast will follow at 10:00 am ET, allowing analysts and investors to engage with the executive team. i-80 Gold aims to achieve mid-tier gold producer status with multiple deposits in Nevada, utilizing the Lone Tree processing facility.
i-80 Gold Corp. announced promising results from its 2022 drilling program at the South Pacific Zone (SPZ) of the Granite Creek Property in Nevada. Significant intersections include 23.2 g/t Au over 5.3 m and 15.7 g/t Au over 6.6 m, indicating strong gold mineralization. The SPZ remains open for further expansion, with plans for additional drilling in 2023. The company aims to integrate SPZ into its mining plan and release an updated resource estimate in Q1 2023, showcasing the potential for enhanced production capabilities.
i-80 Gold Corp. (IAU) announced significant drilling results at the Ruby Hill Property, uncovering a new gold zone named the '007 Zone'. Highlights include assay results of 11.8 g/t Au over 18.3m and 14.8 g/t Au over 12.3m, indicating promising expansion potential. The 2022 drill program has expanded to over 30,000 meters, confirming excellent continuity of mineralization in Ruby Deeps and significantly high grades. Infill and step-out drilling aim to advance mine planning and resource estimates while reducing exposure to inflationary risks with the existing infrastructure.
i-80 Gold Corp. (TSX: IAU, NYSE: IAUX) has received two Mine Operator Safety Awards from the Nevada Mining Association for its mines, Lone Tree and Ruby Hill. The awards are based on safety rates derived from various operational metrics. Additionally, Cammie Holland and Dillion Pollock were honored with individual safety awards. This recognition highlights the company's commitment to health and safety, as stated by President & COO Matthew Gili. i-80 aims to achieve mid-tier gold producer status through its advanced-stage property portfolio in Nevada.
i-80 Gold Corp. (TSX: IAU, NYSE: IAUX) announced positive results from 19 new drill holes in the South Pacific Zone (SPZ) at the Granite Creek Property in Nevada. Highlights include: 44.4 g/t Au over 6.4 m, 19.6 g/t Au over 10.4 m, and 10.7 g/t Au over 14.5 m. The SPZ shows high-grade mineralization continuity over 600 m strike length, with significant expansion potential. CEO Ewan Downie noted the proximity to existing underground workings allows for rapid development. Assays for additional drilling are pending, indicating further upside potential.
i-80 Gold Corp. (TSX: IAU, NYSE: IAUX) announced the discovery of high-grade, silver-rich polymetallic CRD mineralization at the Hilltop target, Ruby Hill Property, Eureka County, Nevada. Key results include:
- 515.3 g/t silver, 28.9% lead, 10.5% zinc over 28.3 m
- 671.0 g/t silver, 26.4% lead over 0.9 m
The Hilltop target is part of a larger 2022 drilling program, with plans for ongoing definition and expansion drilling in the area.
i-80 Gold Corp. announced significant drilling results from the 426 Zone at its Ruby Hill Property in Nevada. Key highlights include intersections of high-grade gold mineralization, such as 13.9 g/t Au over 13.4 m and 15.6 g/t Au over 12.2 m. The ongoing 20,000-meter drill program aims to define resources for initial mining plans and support underground operation development. The company expects to utilize existing infrastructure to process mineralization, thereby mitigating inflationary risks. An updated mineral resource estimate is anticipated following the drill program.
i-80 GOLD CORP. reported second-quarter 2022 results, showing gold sales of 3,507 ounces and an all-in sustaining cost of $1,356 per ounce. The company raised $75 million from gold prepay and silver agreements, maintaining a cash balance of $101 million as of June 30. Significant drilling activity at Granite Creek and Ruby Hill yielded multiple high-grade intercepts, with a total of 145,887 feet drilled YTD. The company continues progress on the Lone Tree autoclave refurbishment and advancement of the McCoy-Cove exploration decline.
i-80 Gold Corp. (TSX: IAU, NYSE: IAUX) will release its unaudited financial and operational results for the three and six months ending June 30, 2022, on August 10, 2022, before market open. A live conference call will follow at 10:00 am ET, allowing investors and analysts to engage with the executive team. i-80 Gold aims to become a mid-tier gold producer, focusing on multiple deposits within its Nevada-based portfolio, to be processed at the Lone Tree facility.
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