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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 Shermandrock1on Feb 22, 2024 9:53am
213 Views
Post# 35893034

Yo Ridgeback:

Yo Ridgeback:EQX did indeed sell a boatload of IAU in 2023. At December, they owned 46.9M shares per the MD & A. They likely will need to sell more as they have boatloads of debt due in 2024 and 1) cash flow from operations nearly non-existent and 2) ASIC $1,600ish 3) will need to cash up for the Greenstone ramp and 4) already overburdened with debt. That said, if they try to feed the shares into the market, if may have an adverse effect on the proceeds that they need to extract. I will bet that they are shopping the block. The best outcome I can think of is for IAU to buy the shares from the proceeds of the pending JV.  Long. I have enough shares for now and am underwater. If this overhang resolves, look out above.
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