Bullboard - Stock Discussion Forum I-80 Gold Corp T.IAU

Alternate Symbol(s): IAUX | T.IAU.WT

Metals & Mining Gold

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... see more

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I-80 Gold Corp > The fallout

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Post by NineLives on Aug 12, 2024 9:17am

The fallout

From Victoria Gold and SSR mining is damaging this sector as did the BRE-X scam many years ago. In talking with several dealers there has been a cascade effect as margin calls take place and many other explorers are lumped into the same basket due to investors in those 2 companies holding stocks in many others. A few weeks back there was a mass selloff in over 160 mining and exploration stocks that remains unexplained.

Don't know what the answer is but could take a while for this dust to settle. The only silver lining is for the majors that can now pick up gold per Oz in the ground for peanuts. I'm sure the M and A activity will only increase as Dec Gold nears $2.500.

Yes solid drill results from IAU again, will the market bite or will debt and margin calls continue to rule the day ?

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