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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 Dormie18on Jan 12, 2024 1:06pm
205 Views
Post# 35823928

Outlook for gold from a good commodity shop, RBC

Outlook for gold from a good commodity shop, RBCJanuary 11, 2024 Gold Assayer 2024–25 Outlook – January 2024 Issue

With this forecast revision, we raise our baseline forecast, with our low and middle scenarios moving the most on the back of strong narrativedriven gold prices, tempered by some ongoing headwinds. While on paper the eventual rate cut narrative and soft landing open up the field for gold to rally more than we are forecasting, based on some parts of our macro analysis we think gold is somewhat over-priced already. Additionally, with investors still sitting on the sidelines and consumption (whether consumer or investor) set to be held back more than otherwise by high gold prices, especially in non-USD currencies, our forecasts assume that gold grinds higher rather than leaps higher.

In this note, our 2024 base case moves to $2056/oz, and our low and high scenarios move to $1933/oz and $2286/oz, respectively. We also roll out our 2025 forecasts at $2160/oz for our base case, $1959/oz for our low scenario, and $2394/oz for our high scenario. All eyes will likely stick to the Fed and data dependency will likely remain. At points where the rate cut narrative is questioned, we view our low scenario as the floor, and we think that our high is the ceiling unless some major unexpected catalyst materializes.
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