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i-80 Gold Corp ( (TSE:IAU) ) just unveiled an announcement.
i-80 Gold Corp has announced a positive updated Preliminary Economic Assessment (PEA) for its Cove Project in Nevada, indicating a strong potential for integration into the company’s broader mining strategy. The updated 2025 PEA shows an after-tax NPV of $271 million and an after-tax IRR of 30%, suggesting significant profitability at a gold price of $2,175/oz. This development marks a pivotal step in i-80 Gold’s regional strategy, with plans to later update assessments for other projects. The project has a life of mine of approximately 8 years, with expected annual gold production of 100,000 ounces and substantial economic benefits under varying market conditions.
More about i-80 Gold Corp
i-80 Gold Corp specializes in the mining industry, focusing on high-grade gold exploration and development. The company operates in Northern Nevada, USA, and aims to implement a regional ‘hub-and-spoke’ mining and processing strategy by utilizing high-grade materials from multiple underground mines.
YTD Price Performance: 32.56%
Average Trading Volume: 822,736
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$451M
Learn more about IAU stock on TipRanks’ Stock Analysis page.
