i-80 Gold
i-80 Gold is a mining company operating multiple projects in Nevada, including Granite Creek, McCoy-Cove, Ruby Hill, and Lone Tree, with a focus on responsible mining practices.
Company Overview
i-80 Gold operates several mining projects in Nevada, including Granite Creek, McCoy-Cove, Ruby Hill, and Lone Tree. The company has ramped up its 2024 exploration and development program, particularly at the Granite Creek site, which is located near Nevada Gold Mines' Twin Creeks and Turquoise Ridge operations. i-80 Gold is committed to responsible mining practices and published its inaugural environmental, social, and governance (ESG) report in 2022.
Recent Financing Activities
In May 2024, i-80 Gold closed a C$115 million bought deal public offering. Additionally, the company announced the upsizing of a previously announced bought deal financing to C$86 million in April 2024. These financing activities are aimed at supporting the company's ongoing exploration and development initiatives.
Exploration and Drilling Results
In April 2024, i-80 Gold announced high-grade results from its underground drilling activities at the Cove project. This marks a significant milestone in assessing the potential of the McCoy-Cove property, which has historic production of approximately 3.3 million ounces of gold and over 100 million ounces of silver.
Mining Projects and Historic Production
i-80 Gold operates multiple mining projects in Nevada, specifically Granite Creek, McCoy-Cove, Ruby Hill, and Lone Tree. The McCoy-Cove property has historic production figures of around 3.3 million ounces of gold and over 100 million ounces of silver. The Lone Tree property, a past-producing mine, has produced approximately 4.2 million ounces of gold. Ruby Hill features a producing open pit mine along with substantial gold and silver resources.
Environmental, Social, and Governance (ESG) Initiatives
i-80 Gold is committed to responsible mining practices. In 2022, the company published its inaugural ESG report, focusing on its environmental, social, and governance strategies. This report underscores the company's dedication to sustainable and ethical mining operations.