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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 AlwaysLong683on Nov 09, 2023 12:30am
258 Views
Post# 35725338

Reason For Continuous Decline in Share Price...?

Reason For Continuous Decline in Share Price...?Most Canadian-Listed Small / Micro Cap Precious Metals stocks have certainly taken a significant hit this year, but many have bounced off their 52W-Lows. I believe tax loss selling is occurring earlier and earlier each year - it seems investors are now ridding themselves of their losers in October and not waiting until early December or even November to spruce up the look of their portfolios at year end.

My theory as to why IAU hit a new 52W-Low today of 1.73 before closing at 1.80 is investors look at interest rates and inflation and are not keen on investing in a company with so many projects at various stages of exploration / development. Not surprising that IAU went looking for and apparently found a joint venture partner for Ruby Hill....they appear to need funding help from third parties as they have lots of dollars still to be spent and not enough money to fund it, reluctance to do an equity raise at current share prices, and would likely be looking at a high rate of interest provided they could find a lender willing to offer them more debt financing.

Didn't the bosses at IAU realize cheap money and low inflation would eventually end...? 



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