i-80 Gold's Granite Creek Underground Project Shows Robust Economics

i-80 Gold Corp., the parent company of i-80 Gold, has announced positive results from its feasibility study for the Granite Creek Underground gold project in northern Nevada. The study indicates robust project economics based on a significantly expanded mineral resource base, increased production rate, and longer mine life compared to a preliminary economic assessment (PEA) published earlier this year.

The Granite Creek Underground Feasibility Study outlines several key improvements, including an optimized mine design, improved geological definition, increased mining flexibility, and additional working faces. Successful infill and definition drilling within the South Pacific Zone closed mineralized gaps, improved continuity, and upgraded existing mineral resources into higher-confidence categories.

At a base case gold price of $2,750 per ounce, the study estimates an after-tax net present value (NPV) of $118 million. At an illustrative spot gold price sensitivity of $4,500 per ounce, the NPV increases to $598 million. The project is expected to produce between 30,000 and 40,000 ounces of gold in 2026.

i-80 Gold President & CEO Richard Young stated that the Granite Creek Underground Feasibility Study outlines robust project economics based on a significantly expanded mineral resource base, increased production rate, and longer mine life. The company plans to continue infill and step-out drilling to support continued reserve development and resource growth in several zones.