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I-80 Gold Corp T.IAU

Alternate Symbol(s):  IAUX | T.IAU.WT

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.


TSX:IAU - Post by User

Post by NineLiveson Aug 16, 2023 3:33pm
225 Views
Post# 35591613

Overall

OverallAll markets not looking very healthy. Profits propped up by large price increases but that can't last due to consumers turning away from those hefty price increases. Only way for companies to keep the ball rolling is to reduce prices which in turn means a reduction in profit. That will lower share prices worldwide.

Remain defensive.

As for the POG, it seems to be caught up in this downdraft. Still at a decent price to reflect healty earnings for those Gold stocks with a low AIC. I'm hoping IAU can up production a little to cover more exploration expenses. Seems to be still a lot of selling pressure, watching it very carefully. Some good hits will shake the sand off the share price now the funding has been taken care of. Obviously it would be great to see a major kicking the tire.
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