i-80 Gold Corp Unveils Updated Cove Project Assessment

An announcement from i-80 Gold Corp ( (TSE:IAU) ) is now available.

On February 21, 2025, i-80 Gold Corp announced the results of an updated preliminary economic assessment for its Cove Project in Nevada. The assessment highlights the project’s potential with an after-tax NPV of $271 million and an IRR of 30% at a gold price of $2,175/oz. The project is expected to produce an average of 100,000 ounces of gold annually over an eight-year mine life. The updated study reflects improvements in mining geometry, hydrology modeling, and cost estimations, positioning the Cove Project as a key component of i-80 Gold’s regional mining strategy.

More about i-80 Gold Corp

i-80 Gold Corp is a company operating in the mining industry, focusing on gold exploration and production. It is engaged in developing projects in Nevada, United States, with a strategy centered around a regional ‘hub-and-spoke’ model that integrates multiple mines feeding into a central processing plant.

YTD Price Performance: 33.72%

Average Trading Volume: 791,865

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$454.9M

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