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i-80 Gold Corp ( (TSE:IAU) ) just unveiled an announcement.
i-80 Gold Corp. has successfully closed its upsized prospectus offering, raising approximately C$22.57 million through the issuance of over 28 million common shares. This capital raise is aimed at supporting the company’s strategic objectives, potentially enhancing its position within the gold mining industry and creating value for stakeholders by expanding its operations in Nevada.
More about i-80 Gold Corp
i-80 Gold Corp. is a Nevada-focused mining company, known for holding the third largest gold mineral resources in the state. The company is undergoing a recapitalization plan aimed at becoming a mid-tier gold producer in Nevada. Its common shares are traded on the TSX and NYSE American under the symbols IAU and IAUX, respectively.
YTD Price Performance: -4.65%
Average Trading Volume: 1,285,324
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$324.4M
For a thorough assessment of IAU stock, go to TipRanks’ Stock Analysis page.
