i-80 Gold: New Gold Producer on the Market
Newest Gold Producer in Nevada
i-80 Gold is a well-financed gold producer and developer. In fact, they hold an impressive portfolio of advanced-stage gold projects in the State of Nevada. The company was created as a spin–out of Premier Gold Mines Limited’s US assets in connection with the transaction whereby Equinox Gold acquired Premier in 2021.
i-80’s primary goal is to build a self-sustaining, multi-asset, mining company with a peer-best growth platform by employing a methodical, capital disciplined and staged approach to minimize risk while also assessing and monitoring for accretive growth opportunities.
Moreover, the board and management teams bring extensive technical, financial, legal, ESG and entrepreneurial expertise. They also boast a proven track record of aligning their interests with shareholders and creating value.
In 2021 the company will focus on opportunities to expand production at South Arturo, advancing near-term production opportunities at Getchell, and completing permitting for the underground development plan for McCoy-Cove.
The South Arturo Property includes both open-pit and underground mineral reserves and resources that remain open for expansion. The El Niño underground mine at South Arturo achieved commercial production in the third quarter of 2019, with mineralized material being processed primarily at Nevada Gold Mines’ Goldstrike Mine processing facility located approximately 8km South.
The partnership is currently advancing several additional potential development opportunities. This includes the Phase 1, Phase 3 and potential heap leach projects. An updated mineral reserve and mineral resource estimate is expected to be completed in 2021.
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