I-80 Gold Reports Q1 2024 Operating Results

i-80 GOLD CORP. (TSX:IAU)

Reported its operating and financial results for the three months ended March 31, 2024.

 

 

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i-80 Gold

i-80 Gold Ruby Hill Mine, Nevada, USA

 

 

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I-80 Gold Corp. TSX: IAU
Stage Development + Exploration
Metals Gold + polymetallic
Market cap C$575 million @ C$1.97
Location Nevada, USA
Website www.i80gold.com

 

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I-80 Gold Reports Q1 2024 Operating Results

 

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Reno, Nevada, May 13, 2024 – i-80 GOLD CORP. (TSX:IAU) (NYSE:IAUX) (“i-80”, or the “Company”) reports its operating and financial results for the three months ended March 31, 2024. i-80’s unaudited condensed consolidated interim financial statements (“Financial Statements”), as well as i-80’s Management’s Discussion and Analysis of Operations and Financial Condition (“MD&A”) for the three months ended March 31, 2024, are available on the Company’s website at www.i80gold.com, on SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov.

Unless otherwise stated, all amounts referred to herein are in U.S. dollars (C$ represents Canadian dollars).

 

2024 FIRST QUARTER HIGHLIGHTS

  • Gold sales of 2,486 ounces at a realized gold price of $2,083 per ounce sold1.
  • 10,167 tons of mineralized material sold for total revenues of $3.2 million.
  • Continued drilling of polymetallic mineralization at the Ruby Hill mine (4,032 feet).
  • Continued underground core drilling delineation of the CSD Gap and Helen zones at the McCoy-Cove project (3,594 feet).
  • Completed non-brokered private placement of common shares for aggregate gross proceeds of C$23.5 million.
  • March 31, 2024 cash balance of $13.1 million and $39.0 million in restricted cash.

 

RECENT DEVELOPMENTS

Bought Deal Public Offering

On May 1, 2024, the Company completed a bought deal public offering of an aggregate of 69,698,050 units (each, a “Unit“) at a price of C$1.65 per Unit for aggregate gross proceeds to the Company of approximately C$115 million (the “Offering“).

Each unit consisted of one common share of the Company and one-half of one common share purchase warrant of the Company (each whole Common Share purchase warrant, a “Warrant“).

Each Warrant is exercisable to acquire one common share for a period of 48 months from closing of the Offering at an exercise price of C$2.15 per share.  The Offering was completed pursuant to a short form prospectus dated April 25, 2024 (the “Prospectus“).

 

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Ryan Snow, Chief Financial Officer of i-80 Gold stated 

“The extension of the delivery requirements under the gold prepay and silver purchase agreements with Orion Mine Finance  coupled with the recently completed bought deal public Offering, significantly enhance our financial flexibility and positions the Company to continue to execute on its plans.

 

“We continue to advance exploration and definition drilling at Granite Creek and McCoy-Cove and permitting activities at our projects allowing the Company to advance our projects towards the ultimate goal of building a mid-tier Nevada focused producer.”

 

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To read the full news release please click HERE

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The live Spot gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds no shares in i-80 Gold.

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To read our full terms and conditions, please click HERE



Mining Review 17th December 2023

Mining Review 17th December 2023

i-80 Gold Corp. released positive results from Granite Creek in a week with little news otherwise, as the conference season is over and focus turns to Christmas.

Confusing messages for the FED have kept down the price of gold just as it looked to be ready to take off, and some stocks have given back some of their recent gains.

 

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i-8- Gold Corp.

i-80 Gold Granite Creek project

 

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City Investors Circle Mining Review 17th December 2023

 

Confusing messages for the FED have kept down the price of gold just as it looked to be ready to take off, and some stocks have given back some of their recent gains as a result.

It’s almost as if the Fed chair Powell is betting on the price of gold as he releases contradictory statements in short timeframes.

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i-80 Gold Corp. released positive results from Granite Creek in a week with little news otherwise, as the conference season is over and focus turns to Christmas.

I-80 Gold continue to release high grade results from their exploration projects, all in Nevada, the best jurisdiction in my opinion, yet the market pays little attention, and the share price remains in the doldrums.

Colonial Coal had a positive AGM with all resolutions passed and directors re-elected. With the recnet activity with Tech, there is a feeling that Colonial will become the focus of M and A attention with one of the biggest coking coal resources in B.C.

Calidus Resources confirmed permission for Blue Bar production, which will add ounces to the mill at Warrawoona.

Click on the links below to be taken to the full stories on the website.

  Argosy Minerals Rincon Lithium Project Update

  Colonial Coal AGM Result

  i-80 Gold Released High-Grade Results from Granite Creek

  Calidus Resources Confirmed Approval of Blue Bar Production

  Global Mining Finance Conference Dates For 2024

  Gold Road New Corporate Presentation

  Mining Review 10th December 2023

 

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Market Data

Weekly price changes

(US$ unless stated)

 

Gold price in UK £ 1590 -0.25%
Gold 2018 1.00%
Silver 23.82 3.34%
Palladium 1173 23.47%
Platinum 945 2.61%
Rhodium 4400 0.00%
Copper 3.88 4.02%
Nickel 7.47 3.03%
Zinc 1.14 4.59%
Tin 11.35 2.53%
Cobalt 13.22 -11.04%
Manganese 2.66 -1.12%
Lithium 12466 -1.38%
Uranium 82.3 1.29%
Iron Ore 135 0.22%
Coking Coal 322 0.00%
Thermal coal 143 -4.03%
Magnesium 3063 0.69%
ETF Prices
GDX 31.06 4.90%
GDXJ 37.76 3.85%
Sil 27.9 4.81%
SILJ 9.91 5.43%
GOEX  (PCX) 24.94 3.36%
GLD 187.05 0.85%
COPX 37.17 5.21%

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Karora resources.

.

To read our full terms and conditions, please click HERE



i-80 Gold Releases High-Grade Results from Granite Creek

i-80 GOLD CORP. (TSX: IAU)

Announced high-grade results from the ongoing 2023 underground drill program that is targeting mineralization in the upper part of the South Pacific Zone at the Company’s Granite Creek Property located in Humboldt County, Nevada. 

 

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i-8- Gold Corp.

 

 

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I-80 Gold Corp. TSX: IAU
Stage Development + Exploration
Metals Gold + polymetallic
Market cap C$511 million @ C$1.80
Location Nevada, USA

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i-80 Gold Releases High-Grade Results from Underground Drilling at Granite Creek

Including 31.1 g/t Au over 21.9 m, 28.7 g/t over 16.5 m, 37.7 g/t Au over 7.6 m & 11.9 g/t Au over 21.6 m
Reno, Nevada, December 14, 2023 – i-80 GOLD CORP. (TSX:IAU) (NYSE:IAUX) (“i-80”, or the “Company”) is pleased to announce high-grade results from the ongoing 2023 underground drill program that is targeting mineralization in the upper part of the South Pacific Zone at the Company’s Granite Creek Property (“Granite Creek” or “the Property”) located in Humboldt County, Nevada.

The 2023 surface and underground drilling campaign is focused on the delineation and expansion of mineralization within the South Pacific Zone (“SPZ”), and the conversion of some of the deposit to Measured and Indicated resource classification.

The SPZ is located immediately north of the Ogee Zone and the current mine workings, and is expected to become the primary zone for mining once developed in 2024.  Mining of initial stopes is being planned for H1-2024 once mine workings are extended to provide access.

The underground drill program is focused on the upper part of the deposit, where initial mining is planned, while surface drilling is currently targeting the northern extension where drilling is also defining high-grade mineralization with recent results that include intervals of up to 15.5 g/t Au over 19.7 m in iGS23-05.

Prior to hole GCPU23-19, underground drilling was completed in the current areas being mined in the Ogee Zone and subsequent drilling is focused on the SPZ. The initial results include some of the best results received to-date in the South Pacific Zone.

Highlight results from new underground drilling in the South Pacific Zone at Granite Creek include:

  • GCPU23-19: 16.9 g/t Au over 5.7 m
  • GCPU23-20: 37.7 g/t Au over 7.6 m
  • GCPU23-21: 19.2 g/t Au over 4.3 m
  • GCPU23-22: 31.1 g/t Au over 21.9 m
  • GCPU23-25: 27.3 g/t Au over 4.0 m
  • GCPU23-26: 19.5 g/t Au over 4.1 m
  • GCPU23-30: 28.7 g/t Au over 16.5 m and 11.9 g/t Au over 21.6 m
  • GCPU23-31: 20.6 g/t Au over 6.1 m
  • GCPU23-32: 15.4 g/t Au over 7.9 m and 31.0 g/t Au over 2.4 m

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Tyler Hill, Senior Geologist of i-80 Gold stated ,

“Both surface and underground drilling in the South Pacific Zone confirm impressive high-grade gold mineralization, including over substantial widths.
“It is expected to become the primary source of mineralization at Granite Creek beginning in mid-2024 and is comprised primarily of refractory mineralization that will be processed initially at Nevada Gold Mines’ Twin Creeks complex pursuant to our processing agreement.
“The South Pacific Zone remains open along strike to the north and at depth, providing considerable upside.”
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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in i-80 Gold.

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I-80 Gold Expands High-Grade Mineralisation at Ruby Hill

i-80 GOLD CORP. (TSX: IAU)

Report continued high-grade poly-metallic results from the ongoing drill program at the Company’s Ruby Hill Property  located in Eureka County, Nevada.

The glory hole was iRH23-42A at 10.1 % Zn, 0.6 % Pb, 37.0 g/t Ag & 0.3 g/t Au over 116.3 m

 

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i-80 Gold

i-80 Gold Ruby Hill Mine, Nevada, USA

 

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I-80 Gold Corp. TSX: IAU
Stage Development + Exploration
Metals Gold + polymetallic
Market cap C$511 million @ C$1.80
Location Nevada, USA

 

I-80 GOLD EXPANDS HIGH-GRADE MINERALIZATION IN THE BLACKJACK ZONE AT RUBY HILL

10.1 % ZINC, 0.3 G/T GOLD, 37.0 G/T SILVER & 0.6 % LEAD OVER 116.3 METERS
16.1 % ZINC, 0.5 G/T GOLD, 12.4 G/T SILVER & 0.1 % LEAD OVER 16.1 METERS

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Download Press Release
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Reno, Nevada, December 4, 2023 – i-80 GOLD CORP. (TSX:IAU) (NYSE:IAUX) (“i-80”, or the “Company”) is pleased to report continued high-grade poly-metallic results from the ongoing drill program at the Company’s Ruby Hill Property (“Ruby Hill” or “the Property”) located in Eureka County, Nevada.

The current drill program is focused on both defining and expanding high-grade mineralization in multiple target areas including the Blackjack (skarn) and the Hilltop (skarn and polymetallic CRD) Zones, and advancing metallurgical work associated with these deposits.

The most recent intercepts in the Blackjack Zone include the first hole drilled from the east side of the Archimedes pit, which intersected significant high-grade mineralization at depth in the southern portion of the deposit where it remains open for expansion.

Highlight results from new drilling include:

Blackjack Zone

  • iRH23-42
    • 8.3 % Zn, 0.6 % Pb, 50.1 g/t Ag & 0.6 g/t Au over 20.1 m
  • iRH23-42A
    • 10.1 % Zn, 0.6 % Pb, 37.0 g/t Ag & 0.3 g/t Au over 116.3 m
      • Including 16.3 % Zn, 0.5 % Pb, 42.3 g/t Ag & 0.3 g/t Au over 39.7 m
      • And 14.5% Zn, 1.0% Pb, 59.9 g/t Ag & 0.2 g/t Au over 16.3 m
    • iRH23-43B
      • 16.1 % Zn, 0.1 % Pb, 12.4 g/t Ag & 0.5 g/t Au over 16.1 m
      • Also 12.2% Zn, 0.1% Pb, 20.1 g/t Ag & 0.9 g/t Au over 8.6 m

 

 

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 Tyler Hill, Chief Geologist of i-80 stated

“The exceptional results being realized at Ruby Hill have attracted significant interest with high-grade polymetallic mineralization being defined in multiple target areas.

 

“Recent drilling has returned some of the highest-grade mineralization to-date in the Blackjack Zone as we continue to step-out to the south and at depth.

 

“Additionally, following the construction of the new drill stations better suited to intersect the East Hilltop Zones, substantial CRD and Skarn mineralization is being defined highlighting the potential to expand mineralization in these recently discovered zones.”

 

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To read the full news release, please click HERE

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=======

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds fewer shares in i-80 Gold.

.



Mining Review 26th November 2023

Mining Review 26th November 2023

i-80 Gold announced high grade results from their Cove Gold Project in an otherwise quiet week for news from our watchlist stocks.

The recent Global Mining Finance Conference was busy as it lead into the London Mining fortnight, with other conferences to follow.

 

 

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1-80 Gold

i-80 Gold Cove Portal

 

 

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Mining Review 26th November 2023

i-80 Gold announced high grade results from their Cove Gold Project in an otherwise quiet week for news from our watchlist stocks.

The recent Global Mining Finance Conference was busy as it lead into the London Mining fortnight, with other conferences to follow.

It’s the time of year that I find myself looking at my portfolio and the site’s watchlists, and having a clear out of stocks I no longer have the same warm feeling for that I once did, mainly because the story has changed, or delays have become interminable.

My first sale is Minera Alamos, a stock that has disappointed from production startup. The company went into production without a 43-101, but with an experienced team constructing a low cost mine on time and on budget, it augered well.

Sadly production startup has not gone well with a lack of rain being blamed for poor production figures that have resulted in poor financial performance thus far, although there are hopes that this year’s will be better.

On top of that they are waiting for the permit to construct the Cerro de Oro open pit mine, in a race against time due to the Mexican election early next year.

I look at it this way, if Minera improve things I can always buy back in the future, but for now I feel more comfortable out of the stock.

Another stock I’m looking closely at is Argosy Minerals, with a falling lithium price and little production news out of Argentina. I may well cut my losses here in the next few days.

I am now turning my attention to the watchlist, where I’m going to weed out a few non performers, with Tinka Resources on that list already.

I’m looking for new companies likely to have plenty of newsflow and well funded to replace them. G Mining Ventures  is one I am going to add.

 

News from our watchlist companies last week can be found by clicking the links below.

  Cabral Gold Announced Cuiu Cuiu PFS Update

  Portfolio Adjustment – Selling Minera Alamos

  Neometals Launched Placement and Entitlement Offer

  Canadian Anti Shorting Conference

  i-80 GOLD Announces Cove High Grade Results

  Global Mining Finance Conference Was Busy

  Mining Review 19th November 2023

 

Market Data

Weekly Price Changes

(US$ unless stated)

 

Gold price in UK £ 1591 0.06%
Gold 2002 1.06%
Silver 24.34 2.57%
Palladium 1085 2.94%
Platinum 934 3.43%
Rhodium 4350 -2.25%
Copper 3.77 1.89%
Nickel 7.38 -2.77%
Zinc 1.14 -2.56%
Tin 10.97 -3.35%
Cobalt 14.86 0.00%
Manganese 2.8 -1.75%
Lithium 16843 -7.21%
Uranium 80.25 8.45%
Iron Ore 135.6 3.35%
Coking Coal 326 4.15%
Thermal coal 127.5 1.19%
Magnesium 3080 2.12%
Indexes
GDX 29.32 3.13%
GDXJ 35.86 3.64%
Sil 26.17 3.19%
SILJ 9.16 5.05%
GOEX  (PCX) 23.72 2.51%
GLD 185.52 1.01%
COPX 34.49 1.32%

 

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in i-80 Gold, and Minera Alamos.

.

To read our full terms and conditions, please click HERE



Mining Review 12th November 2023

Mining Review 12th November 2023

The discovery of the week was the American Creek JV which reported finding a new gold system at Treaty Creek, British Columbia.

Karora Resources reported strong Q3 financial results, and i-80 Gold signed a term sheet for the JV of Ruby Hill.

 

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American Creek Treaty Creek map

American Creek Resources – Treaty Creek

 

 

City Investors Circle Mining Review 12th November 2023

The discovery of the week was the American Creek JV which reported finding a new gold system at Treaty Creek, British Columbia.

Karora Resources reported strong Q3 financial results, and i-8 Gold signed a term sheet for the JV of Ruby Hill.

 

  Karora Resources Reported Strong Results in Q3 2023

  West Red Lake Gold Upsized their Placement to C$13m

  Skeena Resources Eskay Creek DFS Conference Call

  i-80 Gold Signed a Non-Binding Term Sheet for the JV of Ruby Hill

  Calidus Appointed an Experienced Mining Operations Specialist as COO

  American Creeks’s JV Discovered a New Gold System

  Mining Review 5th November 2023

 

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Market Data

Weekly Price Changes

(US$ unless stated)

 

.Metal and ETF prices

Gold price in UK £ 1585 -1.61%
Gold 1938 -2.71%
Silver 22.26 -4.13%
Palladium 980 -12.50%
Platinum 860 -8.70%
Rhodium 4400 4.76%
Copper 3.64 -0.55%
Nickel 8 -0.87%
Zinc 1.18 3.51%
Tin 11.17 3.52%
Cobalt 14.86 0.00%
Manganese 2.85 0.00%
Lithium 19814 -6.18%
Uranium 74 0.00%
Iron Ore 124.6 1.88%
Coking Coal 300 -7.12%
Thermal coal 109.5 -14.79%
Magnesium 3101 -0.13%
Lumber 489 -0.20%
GDX 27.26 -7.50%
GDXJ 32.86 -7.38%
Sil 23.72 -5.72%
SILJ 8.02 -8.34%
GOEX  (PCX) 21.96 -7.89%
GLD 179.51 -2.86%
COPX 32.1 -5.70%

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=======

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in American Creek, Calidus Resources, and i-80 Gold Corp.

.

To read our full terms and conditions, please click HERE



i-80 Gold Reports Q3 2023 Operating Results

i-80 GOLD CORP. (TSX: IAU)

Reported its operating and financial results for the three and nine months ended September 30, 2023.

i-80’s Consolidated Interim Financial Statements as well as i-80’s MD&A for the three and nine months ended September 30, 2023, are available on the Company’s website at www.i80gold.com.

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i-80 Gold

Ruby Hill, Nevada.

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I-80 Gold Corp. TSX: IAU
Stage Development + Exploration
Metals Gold + polymetallic
Market cap C$511 million @ C$1.80
Location Nevada, USA
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i-80 Gold Reports Q3 2023 Operating Results

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Download Press Release

Reno, Nevada, November 1, 2023 – i-80 GOLD CORP. (TSX:IAU) (NYSE:IAUX) (“i-80”, or the “Company”) reports its operating and financial results for the three and nine months ended September 30, 2023.

i-80’s Consolidated Interim Financial Statements (“financial statements”), as well as i-80’s Management’s Discussion and Analysis of Operations and Financial Condition (“MD&A”) for the three and nine months ended September 30, 2023, are available on the Company’s website at www.i80gold.com, on SEDAR at www.sedarplus.ca, and on EDGAR at www.sec.gov.

 

Unless otherwise stated, all amounts referred to herein are in U.S. dollars.

Highlights

Third Quarter

  • Gold sales of 4,585 ounces at a realized gold price of $1,8951.
  • 16,059 tons of oxidized mineralized material sold for proceeds of $4.5 million.
  • Commenced shipping of refractory stockpiles to a third party for processing.
  • September 30 cash balance of $38 million and $44 million in restricted cash.
  • Continued expansion of gold and polymetallic mineralization at Ruby Hill.
  • Continued underground core drilling delineation of the CSD Gap and Helen zones at McCoy-Cove (16,789 feet).
  • Continued drilling infill holes at South Pacific Zone at Granite Creek (16,144 feet).
  • Completed the initial underground exploration drift at McCoy-Cove.
  • Completed 3,329 feet of horizontal advance at Granite Creek.
  • Completed an equity private placement for gross proceeds of $27.7 million.
  • Completed additional financing by extending the Gold Prepay agreement with Orion for gross proceeds of $20 million.

Year to Date

  • Gold sales of 11,262 ounces at a realized gold price of $1,9241.
  • Completed 2,644 feet of exploration ramp development at McCoy-Cove.
  • Completed 5,481 feet of horizontal development at Granite Creek.
  • 39,732 wet tons of mineralized material hauled from Granite Creek to third parties for processing under ore processing and toll milling agreements.
  • A total of 162,033 feet (core and RC) drilled by the end of the third quarter with multiple positive results to expand mineralization further at Ruby Hill, Granite Creek, McCoy-Cove and the FAD project.

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.

 Ryan Snow, Chief Financial Officer of i-80 stated

“In the third quarter the Company continued to see impressive drill results from Ruby Hill and McCoy-Cove.

 

“In addition, the Company saw an increase in revenue gold ounces sold and tons of mineralized material sold under the Ore Purchase and Sale Agreement.

 

“This increase coupled with the completion of the Amended and Restated Gold Prepay Agreement positions the Company to continue to execute on it’s plans.

 

“We continue to advance exploration and definition drilling at Granite Creek, McCoy-Cove and Ruby Hill and permitting activities at our projects allowing the Company to advance our projects towards the ultimate goal of building a mid-tier Nevada focused producer.”

 

The Full report is here

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=======

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in i-80 Gold.

.



I-80 Gold Provides Granite Creek Update

i-80 GOLD CORP. (TSX:IAU)

Announced positive mine developments with record monthly tonnage and gold mineralization mined in August as well as high-grade results from a renewed drill program targeting the South Pacific Zone at the Company’s Granite Creek Property located in Humboldt County, Nevada.

 

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i-80 Gold

i-80 Gold Ruby Hill Mine, Nevada, USA.

 

 

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I-80 Gold Corp. TSX: IAU
Stage Development + Exploration
Metals Gold + polymetallic
Market cap C$612 million @ C$2.13
Location Nevada, USA

 

I-80 GOLD PROVIDES GRANITE CREEK DEVELOPMENT AND EXPLORATION UPDATE

 

FIRST THREE HOLES RETURN 26.1 G/T AU OVER 5.7 M, 25.6 G/T AU OVER 5.5 M & 15.5 G/T AU OVER 19.7 M

 

MINE OPERATIONS ACHIEVE RECORD MONTH IN AUGUST

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Reno, Nevada, October 11, 2023 – i-80 GOLD CORP. (TSX:IAU) (NYSE:IAUX) (“i-80”, or the “Company”) is pleased to announce positive mine developments with record monthly tonnage and gold mineralization mined in August as well as high-grade results from a renewed drill program targeting the South Pacific Zone at the Company’s Granite Creek Property (“Granite Creek” or “the Property”) located in Humboldt County, Nevada.

Mining is focused on the extraction of high-grade gold mineralization in the Ogee Zone while development progresses towards the South Pacific Zone (“SPZ”). The SPZ is host to high-grade gold mineralization located immediately north of the underground mine workings and is expected to become the mine’s main horizon beginning in 2024.

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Mine operations highlights for August

  • Record mine production, achieving 592 tons per day of mineralized material production
  • Completed 467 feet of lateral development, including 225 feet of capitalized advance
  • Five Levels completed on the Ogee Zone to increase mining face availability
  • Completed installation of dewatering Well 6 and initiated mobilization of the water treatment plant
  • Began underground in-fill and stope delineation drilling in the upper levels of the South Pacific Zone

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New results from 2023 surface drilling in the South Pacific Zone

  • 26.1 g/t Au over 5.7 m (0.76 oz/ton Au over 18.7 feet) in hole iGS23-01
  • 25.6 g/t Au over 5.5 m (0.75 oz/ton Au over 18.2 feet) in hole iGS23-03
  • 15.5 g/t Au over 19.7 m (0.45 oz/ton Au over 64.6 feet) in hole iGS23-05

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Mine Operations

Following successful test mining and definition drill programs in the Upper Otto and Ogee Zone, efforts in the first half of 2023 shifted towards level development to accelerate the number of available mining faces to increase production.

Five full levels have now been constructed on Ogee mineralization and a sixth level is now being developed that will be extended to provide initial access to the SPZ.

August 2023 was a record month for Granite Creek in terms of mill feed production. Results from grade control sampling indicate 10,916 tons of high-grade material mined at an average grade of 0.344 ounces per ton (opt) Au (11.8 g/t), and 7,450 tons of mid-grade oxide mined at 0.099 opt Au (3.5 g/t).

Mid-grade oxide material is sold within the region as part of our previously disclosed Oxide Purchase agreement.

Mining operations continue to ramp-up with August being a record month in terms of mined tonnage (final numbers for September still being reconciled).

A total of 18,367 tons were mined in August, including tons in development and dilution, for an average of 592 tons per day.

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Matt Gili, President and Chief Operating Officer of i-80 Gold stated;

“We are very pleased with progress made throughout the year resulting in substantial monthly mining increases that will see increased gold production.

 

“Refractory mineralization is now being delivered from stockpiles to Twin Creeks for processing and we continue to progress development towards the SPZ that is expected to result in increased production and enhanced mining operations.”

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To read the full news releae, please click here

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in i-80 Gold Corp.

.



Market Review September 2023

Market Review September 2023

West Red Lake Gold Mines is the company in the spotlight this month.

The best performing Watchlist stocks were Lithium Power International and UEC.

10 Year Treasury yields and the US dollar strength continue to push down the price of precious metals, with FED predictions of “higher for longer”. 

 

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West Red Lake Gold MInes

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..

City Investors Circle Market Review September 2023

.

West Red Lake Gold Mines is the company in the spotlight this month.

The best performing Watchlist stocks were Lithium Power International and UEC.

The worst performing watchlist stock was Ascot Resources.

Companies reporting good news included Gold Road Resources and Karora Resources.

Other companies reporting news included Ascot Resources, Calidus Resources, i-80 Gold and Westhaven.

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The highest 10 Year Treasury yields since 2005 and the subsequent US dollar strength continue to push down the price of precious metals, with FED predictions of “higher for longer” really pushing down the price of gold and silver.

.

To subscribe to our free monthly newsletter and receive invitations to our free to attend company presentations and conferences, please email andrew@city-investors-circle.com

.

To view the September 2023 Market Review, please click HERE

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=======

.

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Ascot Resources, Calidus Resources, Gold Road Resources, i-80 Gold Corp., Karora Resources.

 

To read our full terms and conditions, please click HERE



i-80 Announces US$20 Million Gold Prepay Accordion

i-80 GOLD CORP. (TSX: IAU)

Announced that it has entered into an amended and restated gold prepay purchase and sale agreement with an affiliate of Orion Mine Finance, pursuant to which the Company has received aggregate gross proceeds of $20 million structured as an additional accordion. 

 

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I-80 Gold Corp

I-80 Gold Corp. mine portal

 

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I-80 Gold Corp. TSX: IAU
Stage Development + Exploration
Metals Gold + polymetallic
Market cap C$750 million @ C$2.61
Location Nevada, USA

 

 

.

i-80 Announces US$20 Million Gold Prepay Accordion with Orion Mine Finance

All dollar figures are in United States dollars unless otherwise stated
RENO, Nev., Sept. 20, 2023 – i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) (“i-80”, or the “Company”), is pleased to announce that it has entered into an amended and restated gold prepay purchase and sale agreement (the “A&R Gold Prepay Agreement”) with an affiliate of Orion Mine Finance (“Orion”), pursuant to which the Company has received aggregate gross proceeds of $20 million (the “2023 Gold Prepay Accordion”) structured as an additional accordion under the existing gold prepay agreement (the “2021 Gold Prepay Agreement”) between the Company and Orion (see the Company’s news releases dated December 14, 2021 and April 13, 2022).

The existing $50 million accordion feature remains in place in the A&R Gold Prepay Agreement.

The proceeds from the 2023 Gold Prepay Accordion are expected to be used to support the development, expansion and working capital, exploration, and capital expenditure requirements of the Company’s portfolio of precious metals and poly-metallic assets.

The 2023 Gold Prepay Accordion will be repaid through the delivery by i-80 to Orion of 13,333 troy ounces of gold over a period of 12 quarters, being 1,110 troy ounces of gold per quarter over the delivery period with the first delivery being 1,123 troy ounces of gold.

The first delivery will occur on March 31, 2024, and the last delivery will occur on December 31, 2026.

Obligations under the A&R Gold Prepay Agreement, including the 2023 Gold Prepay Accordion, are senior secured obligations of the Company and its wholly-owned subsidiaries Ruby Hill Mining Company, LLC and Osgood Mining Company, LLC and secured against the Ruby Hill project in Eureka County, Nevada and the Granite Creek project in Humboldt County, Nevada.

In connection with the 2023 Gold Prepay Accordion, the Company has issued to Orion warrants to purchase up to 3,750,000 common shares of the Company (the “New Warrants”). The New Warrants may be exercised at any time at an exercise price of C$3.17 per common share until September 20, 2026.  The New Warrants will be subject to a customary Canadian statutory four month hold period from the date of issue.

In addition, the Company has received conditional approval of the Toronto Stock Exchange (the “TSX”) to extend the expiry date of the Company’s 5,500,000 outstanding common share purchase warrants (the “Existing Warrants”) originally issued to an affiliate of Orion in connection with the 2021 Gold Prepay Agreement.

The Existing Warrants, none of which are held by insiders of the Company, are exercisable for common shares of the Company at a price of C$3.275 per share and were originally set to expire on December 13, 2024.  The Company has extended the expiry date of the Existing Warrants by an additional 12 months to December 13, 2025, with such extension being effective on October 4, 2023 per the rules of the TSX. All other terms of the Existing Warrants, including the exercise price, remain the same.
.
.
.

.

=======

.

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in I-80 Gold Corp.

 


I-80 Gold Announces High-Grade Results at Ruby Hill

i-80 GOLD CORP. (TSX: IAU)

Reported additional positive results from exploration drilling at the Company’s 100%-owned Ruby Hill Property located in Eureka County, Nevada.

The 2023 program continues to expand high-grade polymetallic mineralization in multiple zones and has resulted in new discoveries. 

 

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i-80 Gold

Ruby Hill, Nevada

 

 

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I-80 Gold Corp. TSX: IAU
Stage Development + Exploration
Metals Gold + polymetallic
Market cap C$750 million @ C$2.61
Location Nevada, USA

 

I-80 GOLD ANNOUNCES HIGH-GRADE RESULTS FROM DRILLING AT RUBY HILL

BLACKJACK ZONE – 19.1 % ZN, 0.4 G/T AU & 29.2 G/T AG OVER 30.4 M

EAST HILLTOP ZONE – 20.8 % ZN & 15.0 G/T AG OVER 11.6 M AND 235.5 G/T AG, 5.7 % PB, & 7.0 % ZN OVER 14.0 M

 

Download Press Release

Reno, Nevada, August 24, 2023 – i-80 GOLD CORP. (TSX:IAU) (NYSE:IAUX) (“i-80”, or the “Company”) is pleased to report additional positive results from exploration drilling at the Company’s 100%-owned Ruby Hill Property (“Ruby Hill” or “the Property”) located in Eureka County, Nevada.

The 2023 program continues to expand high-grade polymetallic mineralization in multiple zones and has resulted in new discoveries.

While awaiting approvals (now received) for additional land disturbance permitting the Company to construct road and drill pads for the expansion of the exploration program along the Hilltop Corridor, drilling has been focused on the Blackjack deposit and also the East Hilltop Zones.

These zones were discovered late in the 2022 program (East Hilltop skarn) and early in 2023 (East Hilltop CRD).

Drilling in 2023 has intersected high-grade mineralization in multiple target areas including in step-out drilling where mineralization remains wide open for expansion.

Table 1 provides a summary of recent drill results and recent highlight results include:

  • Blackjack Zone
    • 19.1 % Zn, 0.4 g/t Au & 29.2 g/t Ag over 30.4 m (iRH23-18A)
    • 17.8 % Zn, 0.9 g/t Au & 59.8 g/t Ag over 16.4 m (iRH23-29)
  • East Hilltop Skarn
    • 12.5 % Zn & 5.7 g/t Ag over 5.0 m (iRH23-16)
    • 12.8 % Zn & 4.6 g/t Ag over 10.7 m (iRH23-16A)
    • 11.6 % Zn & 5.8 g/t Ag over 6.1 m AND 14.7 % Zn & 3.7 g/t Ag over 4.6 m (iRH23-27)
    • 20.8 % Zn & 15.0 g/t Ag over 11.6 m (iRH23-30)
  • East Hilltop CRD (iRH23-26)
    • 6.8 % Zn, 3.6 % Pb, 0.9 g/t Au & 136.3 g/t Ag over 9.1 m AND
    • 10.4 % Zn, 7.1 % Pb, 0.6 g/t Au & 257.2 g/t Ag over 4.6 m AND
    • 7.4 % Zn, 7.3 % Pb, 1.0 g/t Au & 323.5 g/t Ag over 6.1 m
  • Gold Mineralized Zones
    • 45.4 g/t Au & 50.2 g/t Ag over 17.5 m (iRH23-18A) – Tyche Discovery
  • Recent drilling has intersected CRD mineralization proximal to Blackjack (assays pending)

 

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Tyler Hill, Chief Geologist of i-80 Gold stated,

“Drilling at Ruby Hill continues to return results that confirm the Property’s capability to be a flagship asset for i-80 with high-grade polymetallic base metal mineralization occurring immediately adjacent to the high‑grade Ruby Deeps gold deposit.

 

”Our drill program demonstrates significant potential to expand mineralization with all zones open for expansion and multiple high-priority anomalies identified from geophysical surveys remain untested.”

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To read the full news release, please click HERE

.

=======

.

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in i-80 Gold Corp.

..



Mining Review 23rd July 2023

Mining Review 23rd July 2023

Gold and silver trod water this week, whilst iron ore, coking coal, and thermal coal all ended strongly positive.

American Creek and Rumble Resources announced good exploration results, and Cabral Gold announced an NSR with Osisko Gold Royalties for $5m. 

 

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i80 Gold

I-80 Gold – Ruby Hill

 

 

Archives

 News from our watchlist companies this week.

We had two exploration successes announced this week, with both American Creek (via JV partner Tudor Gold), and Rumble Resources announcing good drill results.

Perhaps the biggest news of the week was the deal announced by Cabral Gold, which has agreed a C$5 million investment from Osisko Gold Royalties for a 3% NSR, to assist the Feasability Study for their Brazilian gold project.

Links to all this week’s news are highlighted in blue below, just click the link to read the full story.

 Calidus Resources Noosa Presentation

Calidus presented at the Moosa Mining Conference, and the presentation is attached.  The company is improving performance after a shaky start to gold production at their Warrawoona Gold Mine, WA.

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Skeena Updates on Near Term Catalysts
Provided an update on several near-term catalysts expected to drive growth at its 100% owned Eskay Creek and Snip Projects, located in the Golden Triangle of northwest British Columbia, Canada.
I-80 Announces C$32 M Private Placement
Announced that it has entered into an agreement with CIBC Capital Markets to which the Underwriters have agreed to purchase on a bought deal private placement basis, 11,852,000 common shares of the Company at a price of $2.70 per Offered Share for gross proceeds of $32.0 million.
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Rumble Resources Intersected Potential 9KM Deposit
Has intersected a potential 9-kilometre-by-3-kilometre zinc-lead deposit during RC drilling at the Earaheedy Project’s Sweetwater Trend.
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American Creek’s JV Partner Intersected Wide Gold Intervals
Announced that project operator and JV partner Tudor Gold has produced the first set of drill results for the 2023 exploration program at the flagship property, Treaty Creek, located in the heart of the Golden Triangle of NW BC.
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Cabral Enters into NSR Royalty Agreement with Osisko Gold Royalties
Has entered into a royalty agreement with Osisko Gold Royalties Ltd. (TSX: OR) pursuant to which Osisko has agreed to purchase a 1% net smelter return royalty on the Cuiú Cuiú gold project for a cash consideration of US$5 m.
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Mining Review 16th July 2023

Gold had a better week after poor US employment numbers, base metals were largely positive despite Chinese economic concerns.   Calidus Resources, Cartier Resources, and i-80 Gold all reported good drill results.

Market Data

Weekly Price Movements

(US$ Unless stated)

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Metal and Index Prices

Gold price in UK £ 1527 2.19%
Gold 1962 0.31%
Silver 24.63 -1.32%
Palladium 1296 1.73%
Platinum 964 -2.13%
Rhodium 4050 -6.90%
Copper 3.88 -0.26%
Nickel 9.6 0.10%
Zinc 1.09 -2.68%
Tin 13.27 -0.67%
Cobalt 14.85 0.00%
Manganese 3 0.33%
Lithium 40092 -3.76%
Uranium 55.75 -0.45%
Iron Ore 115.2 3.83%
Coking Coal 236 4.89%
Thermal coal 140 9.38%
Magnesium 3067 -1.13%
Lumber 545 -5.55%
GDX 31.49 -1.47%
GDXJ 37.91 -1.20%
Sil 27.45 -0.69%
SILJ 10.25 -0.29%
GOEX  (PCX) 26.11 -1.95%
GLD 182.18 0.41%
COPX 38.98 -2.21%

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.

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in American Creek Resources, and i-80 Gold Corp.

..

To read our full terms and conditions, please click HERE



i-80 raise $50 million in Convertible Debentures

i-80 GOLD CORP. (TSX: IAU)

Announced that it has entered into an agreement with Sprott Capital Partners and CIBC Capital Markets and together with Sprott, in connection with a “best efforts” private placement offerin of up to US$50,000,000 principal amount of secured convertible debentures of the Company. 

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i-80 Gold Corp.

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i-80 raise $50 million in Convertible Debentures

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RENO, Nev., Feb. 2, 2023 /CNW/ – i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) (“i-80“, or the “Company“), is pleased to announce that it has entered into an agreement with Sprott Capital Partners (“Sprott“) and CIBC Capital Markets (“CIBC” and together with Sprott, the “Co-Lead Agents“), in connection with a “best efforts” private placement offering (the “Offering“) of up to US$50,000,000 principal amount of secured convertible debentures (the “Convertible Debentures“) of the Company.

In addition, the Company has granted the Co-Lead Agents, on their own behalf and, if applicable, on behalf of a syndicate of agents (collectively, the “Agents“) an option to increase the size of Offering by up to 15% of the number of Convertible Debentures, exercisable at any time up to three business days prior to the closing of the Offering, on the same terms and conditions under the Offering.

The Convertible Debentures will bear a fixed interest of 8.00% per annum and will mature on the date that is four years from the Offering closing date (the “Maturity Date“).

The principal amount (the “Principal Amount“) of the Convertible Debentures may be converted into common shares of the Company (“Common Shares“) at a conversion price of US$3.38 per share (the “Conversion Price“). The Company shall have the option but not the obligation to pay interest in common shares at its own discretion, subject to the approval of the Toronto Stock Exchange (“TSX“).

If the Company decides to pay interest in common shares, then it will be priced at the greater of (i) 90% of the average closing price of the Company’s common shares as measured in U.S. dollars on the NYSE American exchange during the ten (10) business days leading up to the interest payment, or (ii) the lowest price permitted by the TSX. The Principal Amount of the Convertible Debentures outstanding from time to time along with the accrued interest shall be due and payable upon the Maturity Date.

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This news release has been abridged for brevity. To read the full news release, please click HERE

.

=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in i-80 Gold Corp..

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To read our full terms and conditions, please click HERE



I-80 Gold Ruby Hill Bonanza Grade Discovery

i-80 GOLD CORP. (TSX: IAU)

Reported results from the first four holes drilled to follow-up the recently discovered Hilltop Zone that have confirmed high-grade, polymetallic CRD mineralization at the Company’s 100%‑owned Ruby Hill Property located in Eureka County, Nevada.

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i-80 Gold

i-80 Gold Ruby Hill Mine, Nevada, USA

 

I-80 GOLD HILLTOP DISCOVERY YIELDS BONANZA-GRADE CRD MINERALIZATION AT RUBY HILL

RESULTS INCLUDE 60.2 G/T GOLD, 908.7 G/T SILVER, 15.7 % LEAD AND 1.1 % ZINC OVER 10.0 M

ALSO 1.9 G/T GOLD, 631.3 G/T SILVER, 33.0 % LEAD & 7.4 % ZINC OVER 18.3 M

Download Press Release

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Reno, Nevada, November 14, 2022 – i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) (“i-80”, or the “Company”) is pleased to report results from the first four holes drilled to follow-up the recently discovered Hilltop Zone that have confirmed high-grade, polymetallic CRD mineralization at the Company’s 100%‑owned Ruby Hill Property (“Ruby Hill” or “the Property”) located in Eureka County, Nevada.

The discovery hole in the Upper Hilltop Zone returned an impressive 515.3 g/t Ag, 28.9 % Pb, 10.5 % Zn & 0.9 g/t Au over 28.3 m in hole iRH22-43 (see press release dated August 30, 2022).

Results contained in this release are from the first four core holes drilled to follow-up this discovery (see Table 1) and additional drilling is being completed in both the Upper and Lower Hilltop horizons with assays pending.

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Highlight results from recent core drilling in the “Upper Horizon” at the Hilltop target include:

iRH22-51

    • 33.0 g/t Au, 3010.0 g/t Ag & 63.5 % Pb over 0.6 m and
    • 3.1 g/t Au, 683.3 g/t Ag & 37.6 % Pb over 14.6 m

iRH22-53:

    • 1.9 g/t Au, 631.3 g/t Ag, 7.4 % Zn & 33.0 % Pb over 18.3 m

iRH22-54

    • 0.6 g/t Au, 374.1 g/t Ag, 3.9 % Zn & 20.2 % Pb over 20.8 m

iRH22-55:

    • 60.2 g/t Au, 908.7 g/t Ag, 1.1 % Zn & 15.7 % Pb over 10.0 m
      Incl. 83.2 g/t Au, 1261.0 g/t Ag, 1.5 % Zn, & 22.1% Pb over 7.0 m

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Owing to this successful drilling at the Hilltop Zone, the program at Ruby Hill has again been expanded to facilitate additional step-out drilling at this target.

In addition to the Upper Horizon, drilling is testing the Lower Horizon (assays pending) where the initial hole intersected multiple zones of mineralization including 238.8 g/t Ag, 11.0 % Zn & 9.0 % Pb over 9.4 m and 469.5 g/t Ag, 11.8 % Zn & 18.2 % Pb over 2.1 m.

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Ewan Downie, CEO of i-80 stated;

“We believe that the grades of mineralization at Ruby Hill are truly world-class and the Hilltop Zone ranks amongst the highest-grade new discoveries being drilled anywhere on the planet”.

 

“Given its proximity to the underground infrastructure planned in 2023, the Hilltop Zone, when combined with the Blackjack deposit, is expected to be a major contributor to our future growth profile as we ultimately look to produce gold, silver and base metals.”

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The Hilltop discovery is a new zone of mineralization, located approximately 400 metres southwest of the polymetallic Blackjack Zone (see Figures 1 and 2), immediately south of the Archimedes pit and proximal to the planned portal that the Company is advancing for construction.  Mineralization consists of polymetallic carbonate replacement (CRD) in the form of massive and semi-massive sulphide and oxide mineralization containing high-grade precious metals and base metals. Continued definition and expansion drilling is underway and the horizon remains open along strike and at depth.

The Eureka (Ruby Hill) Mining District has a history of high-grade polymetallic CRD production that began in the 1860’s and spanned a period of more than one hundred years.  Historic mined grades rank amongst the highest for any CRD district in the world.  Since the 1970’s, the CRD potential of the Eureka District has been largely overlooked in favour of exploration for Carlin-type gold deposits and the Company considers the opportunity to be substantial.

The Hilltop discovery opens up a structural corridor measuring greater than 1.5 km between the Archimedes pit and the original Ruby Hill Mine, which was previously underexplored due to post-mineral alluvial cover.

Mineralization in the upper horizon occurs immediately below alluvial cover at a depth of approximately 150 m. Geophysical surveys have been completed over the discovery area, including downhole electromagnetic (EM) and surface and induced polarization (IP) surveys, in an effort to identify additional massive sulfide targets.

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To read the full news release, please click HERE

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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.

Disclosure

At the time of writing the author holds shares in i-80 Gold.

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Initiating coverage of I-80 Gold Corp.

I-80 Gold Corp. (TSX: IAU)

We are initiating coverage of I-80 gold, on the second tier of our watchlist, exploration and development projects.

IAU have all the attributes we look for, tier 1 jurisdiction (Nevada), strong and experienced management team, well financed, exploration upside, and a clear path to production.

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I-80 Gold Corp

I-80 Gold Corp. mine portal, Nevada, USA.

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I-80 Gold Corp. TSX: IAU
Stage Development + Exploration
Metals Gold + polymetallic
Market cap C$584 million @ C$2.43
Location Nevada, USA

 

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Initiating coverage – I-80 Gold Corp. (TSX: IAU)

Comment

I read about I-80 Gold Corp. a couple of weeks ago, and really likes the story because it has the criteria I look for in a junior company.

I have reviewed their presentation a few times since, as it’s a story with a number of moving parts, and can be a bit difficult to get your head around.

I-80 Gold Corp was spun out of Premier Gold as part of their being taken over by Equinox Gold, with the Chairman and CEO retaining their positions in the newly formed I-80 Gold Corp.

The unique investment proposition here is, in my opinion, they are the only company except Nevada Gold Mines (Barrick / Newmont) to own a roaster to process refractory ore in the state of Nevada. That is a huge differentiator.

IAU have all the attributes we look for, tier 1 jurisdiction (Nevada), strong and experienced management team, very well financed, exploration upside, and a clear path to production.

We are initiating coverage of I-80 gold, on the second tier of our watchlist, exploration and development projects, though I’m wondering whether it should be on tier 1.

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I-80 Gold’s latest corporate presentation can be accessed HERE

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.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds no shares in I-80 Gold.

.

To read our full terms and conditions, please click HERE