I-80 Gold Corp T.IAU

Alternate Symbol(s): T.IAU.W | IAUX

Metals & Mining Gold

i-80 Gold Corp. is a mining company. The Company is a gold and silver producer engaged in the exploration, development and production of gold, silver mineral and poly-metallic deposits. Its operations include Lone Tree, Ruby Hill, Granite Creek and McCoy-Cove. The Company owns a 100% interest in the Lone Tree and Buffalo Mountain gold deposits and Lone Tree processing complex (collectively, the Lone Tree Project). The total land package of the Lone Tree property consists of approximately 12,000 acres. The Ruby Hill Project is an advanced-stage development project with residual heap leach production, located within the Battle Mountain-Eureka Trend. It owns a 100% interest in the Granite Creek gold project located at the intersection of the Getchell gold belt and the Battle Mountain-Eureka Trend in Humboldt County, Nevada. It owns a 100% interest in the McCoy-Cove project. It holds a 100% interest in the FAD project located along the Battle Mountain-Eureka Trend in Eureka County, Nevada.

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I-80 Gold Corp > Important details dragging on the stock in the 2023 stmts

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Comment by AlwaysLong683on Mar 31, 2024 2:15am

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Post# 35961484

RE:Important details dragging on the stock in the 2023 stmts

IMO:

1) IAU has too many balls in the air re. land packages and the capex still needed to be spent to develop their projects.

2) Underground mines are a higher-risk gamble as they are usually much more costly to bring to first pour vs. open pit.

3) Joint Ventures will further complicate things re. how much an IAU share is worth.

Basically, IAU appears to be taking on too much too soon and are out over their skis.

Much more preferable IMO to have a single open pit project (e.g. ARTG) which is focused in terms of capex spending and typically easier and less costly to mine.

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This profitable gold stock is on its way up