RE:Always amazes me POG at this time has upside so $2600 is conservative. Like MOZ and I don't want to say much but from the deal with CXB I am up well over 45% and it is a large holding.
So for IAU I view the situation as very positve not only for the long term outlook but for the opportunity for me to add to my position with basement pricing. JV, Merger I can only guess but with M&A activity increasing and mining stocks out of whack with Au and metal demands I like what I see in IAU. I like who the neighbours are!
NORThERN MINER article sums up why IAU is one to watch.
I-80 Gold (TSX: IAU; NYSE: IAUX) shares fell by over 11% at market open Tuesday after it announced a $100-million equity financing.
The units are priced at $1.65 each, comprising one share and half a warrant with an exercise price of $2.15.
The company upsized the offering late Monday due to strong investor demand. The original financing amount was for $86 million at the same per-unit price.
The underwriters also have an overallotment option to buy 15% of the base offering for additional proceeds to the company of up to $15 million, taking the potential gross proceeds to $115 million.
The company will use the funds to advance its properties in Nevada.
I-80, which spun out of Equinox Gold (TSX: EQX) in 2021, currently has four projects in the No. 1 gold-producing U.S. state, with a combined 6 million oz. of measured and indicated resources and 8 million oz. of inferred resources. This makes it the second-largest holder of gold resources in central Nevada after Barrick Gold (TSX: ABX; NYSE: GOLD) and Newmont‘s (TSX: NGT; NYSE: NEM) Nevada Gold Mines joint venture.