i-80 Gold Corp Reports Positive Economic Assessment for Granite Creek Project

The latest announcement is out from i-80 Gold Corp ( (TSE:IAU) ).

i-80 Gold Corp has announced a positive preliminary economic assessment for its Granite Creek Underground Project in Nevada, projecting significant economic potential with an after-tax NPV of $155 million at a gold price of $2,175/oz. The project is expected to produce an average of 60,000 ounces of gold annually over its eight-year mine life, with substantial resource growth potential. The company plans to enhance production and cash flow by refurbishing its Lone Tree autoclave by 2028, which will improve gold recovery rates. The project is strategically located near major gold complexes, offering extensive exploration opportunities.

More about i-80 Gold Corp

i-80 Gold Corp is a company operating in the gold mining industry, focusing on the exploration, development, and production of gold properties. The company is particularly active in the prolific gold trends of northern Nevada, United States, and is working on redeveloping a pipeline of assets, including the Granite Creek Underground Project.

YTD Price Performance: 24.42%

Average Trading Volume: 650,539

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$423.3M

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