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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

Comment by Ridgebackon Nov 30, 2023 9:20am
105 Views
Post# 35760626

RE:Dec Gold as high as $2.029 this morning

RE:Dec Gold as high as $2.029 this morningsource TD NOV 30

Since our publication, weakness in the U.S. dollar has continued, with the tradeweighted index on pace for its largest monthly drop since last November.

Presently at a three-month low, the index has dipped below its 200D moving average and a significant breach below would be bearish for the U.S. dollar and supportive of gold, in our view (Exhibit 1).

This is evident with the renewed strength in gold equities from the U.S. dollar's late-October peak, which has lifted the sector above its 200D moving average (Exhibit 2).

Although the S&P/TSX Gold sector is on pace to close out the month up nearly 7.0%, we see significantly more upside going forward, given where the equities are trading relative to bullion (Exhibit 3).

Noteworthy to small-cap investors, we highlight the recent breakout in Canadian junior golds versus large-cap golds, reversing what was a four-month downtrend (Exhibit 4).

We believe that this improved sentiment supports adding further gold exposure to our small-cap model portfolio. By raising Torex to 6.0%, our gold sector weighting increases to 16.3%, narrowing our underweight versus the S&P/TSX Small Cap (gold, silver, and precious metals) weighting of 19.8%
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