Granite Creek Feasibility Study Reveals Strong Leverage to Higher Gold Prices

i-80 Gold Corp has released a positive feasibility study for its Granite Creek Underground project, highlighting an after-tax net present value (NPV) of $118 million at $2,750 per ounce gold. This figure rises to $598 million at $4,500 per ounce, indicating strong leverage to higher gold prices.

The initial reserves at the project total 556,500 ounces of gold at a grade of 7.87 grams per tonne. The steady-state production is expected to be around 75,000 ounces per year over an approximate eight and a half years.

According to the study, cash costs for the life-of-mine (LOM) are estimated to be $2,076 per ounce, while all-in sustaining costs (AISC) in the period from 2028 to 2032 will be around $1,915 per ounce. This is expected to boost margins and free cash flow.

The project's mine plan has been de-risked by the presence of high-grade reserves supporting production, framing its production scale and duration. The Granite Creek Underground project adds to i-80 Gold's Nevada hub-and-spoke plan, positioning it for growth in the region.