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i-80 Gold Corp. announced a positive feasibility study for its Granite Creek Underground gold project in Nevada…
IAUXi-80 Gold Corp.
i-80 Gold Corp. announced a positive feasibility study for its Granite Creek Underground gold project in Nevada, reporting initial proven and probable mineral reserves of 556,500 ounces at 7.87 g/t Au. The study outlines an after-tax net present value (NPV) of $118 million at a base case gold price of $2,750/oz, increasing to $598 million at $4,500/oz. Project economics include estimated all-in sustaining costs of $1,915/oz during the five-year steady-state period from 2028 to 2032 and a mine life of approximately 8.5 years. Concurrently, the company released initial assay results from its Mineral Point open pit project, highlighting a step-out hole intersecting 1.33 g/t Au and 39.2 g/t Ag over 225.6 meters. i-80 Gold Corp. is a Nevada-focused mining company developing high-grade gold assets to become a mid-tier producer.