I-80 Gold Corp./ IAU, IAUX (TSX, ASE)

  • Analyse von Taylor auf SA:

    i-80 Gold: Eine übersehene Geschichte mit dreistelligem Renditepotenzial


    • i-80 Gold gehört weiterhin zu den Goldaktien mit der besten Performance seit dem Börsengang im April letzten Jahres und verzeichnete eine positive Rendite im Vergleich zu einem Rückgang des GDXJ um 30 %.
    • Trotz dieser relativen Outperformance in einem heftigen Bärenmarkt bleibt i-80 vom Bewertungsstandpunkt aus gesehen einer der günstigsten Namen und weist das beste Wachstumsprofil der Branche auf.
    • Während die jüngsten Entwicklungen auf der Goldseite (Übernahme von Lone Tree, hochgradige Entdeckungen) die Anlagethese verbessert haben, könnte das polymetallische Potenzial des Eureka-Distrikts der eigentliche Wendepunkt sein

    • Ich sehe ein Aufwärtspotenzial von mehr als 140 % und das beste Chancen-Risiko-Profil unter den Junioren, da i-80 über eine Genehmigung verfügt, gut finanziert ist, ein branchenführendes organisches Wachstumsprofil aufweist und eine Top-5-Explorationsgeschichte hat.


  • ...Given that I see i-80 as a top-5 exploration story and the top emerging producer from a growth standpoint, it is my favorite idea in the sector. So, if we see further weakness in the stock, I would strongly consider adding to my position. However, given how special this story is, even if the stock does continue to trend higher, this is a name where I'd be comfortable averaging up on my position. This is because even if it rallies 25% from here, it would still be trading at a fraction of its long-term potential if the team can execute. Hence, I believe the sector-wide weakness has given investors a gift, keeping a lid on a stock that could easily be trading over US$3.00 already based on its exploration success to date.
    So bullisch ist er nicht oft.

  • i-80 Gold Releases High-Grade Results from South Pacific Zone at Granite Creek

    The South Pacific Zone ("SPZ") was discovered in 2021 and is host to high-grade gold mineralization located immediately north of the underground mine workings at Granite Creek (See Figure 1). The 2021/2022 drilling campaigns were very successful in delineating and expanding mineralization in the SPZ with new results continuing to confirm significant upside potential. Hole iGS22-26 is the deepest and most northerly hole drilled to test this horizon, intersecting an impressive 15.7 g/t gold (Au) over 6.6 metres (m), approximately 170 m north of iGS22-05 (16.4 g/t Au over 15.3 m). The SPZ remains wide open for expansion along strike to the north and at depth (see Figure 2).
    Highlight new results from 2022 drilling in the South Pacific Zone:

    • 15.7 g/t Au over 6.6 m (0.46 oz/ton Au over 21.8 feet) in hole iGS22-26
    • 13.9 g/t Au over 4.6 m (0.41 oz/ton Au over 15.0 feet) in hole iGS22-27
    • 23.2 g/t Au over 5.3 m (0.68 oz/ton Au over 17.5 feet) in hole iGS22-28
    • 8.5 g/t Au over 5.6 m (0.25 oz/ton Au over 18.3 feet) including 10.9 g/t Au over 2.3 m (0.32 oz/ton Au over 7.5 feet) in hole iGS22-29
    • 9.9 g/t Au over 11.9 m (0.29 oz/ton Au over 39.0 feet) including 18.0 g/t Au over 4.8 m (0.53 oz/ton Au over 15.6 feet) in hole iGS22-30

    [Blockierte Grafik: https://mma.prnewswire.com/media/1923145/i_80_Gold_Corp_i_80_Gold_Releases_High_Grade_Results_from_South.jpg?p=publish]

  • i-80 Gold: Granite Creek Underground Continues To Grow


    In a market where fundamentals have gone out the window, many gold producers are trading at a fraction of where they should be due to depressed sentiment in the sector. However, while there are some clear valuation disconnects, i-80 Gold's valuation disconnect is one of the most extreme ones I've seen in years, especially given that this is a company with the potential to be a 500,000+ ounce Nevada producer, supporting a $2.50+ billion market cap later this decade (US$7.50+ per share). Of course, this target won't be realized overnight. Still, with the violent pullback leaving the stock trading at ~0.30x P/NAV, even at conservative gold prices, this has certainly opened up a very attractive buying opportunity.

    From a big-picture standpoint, Ruby Deeps looks like a mini Goldrush deposit (7.0+ million ounces at 7.3 grams per tonne of gold), Granite Creek looks like a mini Turquoise Ridge from the continued drilling success, and the company has another high-grade project in McCoy Cove with ~1.5 million ounces of high-grade gold. Meanwhile, the company has a potential game-changer at Ruby Hill from a polymetallic standpoint, where the company has only scratched the surface to date on its true potential. So, with what I believe will be consistent production, cash flow, and reserve growth per share over the next several years, I continue to see i-80 Gold as a top-5 producer, and I plan to continue accumulating on any share-price weakness.

    The Bullish Path Is Clear For Gold And i-80 Gold

    I named this article The Bullish Path Is Clear For Gold And i-80 Gold, and I think the overwhelming evidence to be bullish on i-80 Gold is powerful. They are following a similar path as a young Barrick before they became a household name in the gold mining business.
    In i-80 Gold you get two world class gold projects at Granite Creek and Ruby Hills with a CRD kicker.

  • Das hört sich immer alles so schön an und ich frage mich, wenn die Aktie doch so billig ist, warum es so starke Kursschwankungen nach unten (gerade in den letzten Tagen) gibt. Ich wieß nicht, ob wir wirklich alles an Fakten wissen, oder ob irgendwo ein unkalkulierbares Risiko "versteckt" ist. Wenigstens liegt die Mine in den USA...

  • i-80 Gold Intersects High-Grade Gold in Granite Creek Underground Drill Program

    Highlight results from new underground drilling at Granite Creek include:

    • 10.7 g/t Au over 7.0 m (0.31 oz/ton Au over 23.0 ft) - iGU22-43B
    • 28.2 g/t Au over 17.8 m (0.82 oz/ton Au over 58.3 ft) - iGU22-47
    • 16.3 g/t Au over 7.6 m (0.48 oz/ton Au over 25.0 ft) - iGU22-50
    • 49.0 g/t Au over 1.1 m (1.41 oz/ton Au over 3.6 ft) & 65.4 g/t Au over 1.6 m (1.91 oz/ton Au over 5.3 ft) - iGU22-51
    • 39.0 g/t Au over 9.5 m (1.14 oz/ton Au over 31.1 ft) & 11.9 g/t Au over 2.7 m (0.35 oz/ton Au over 8.7 ft) - iGU22-52
    • 20.1 g/t Au over 21.1 m (0.59 oz/ton Au over 69.3 ft) & 23.2 g/t Au over 4.7 m (0.68 oz/ton Au over 15.3 ft) - iGU22-53

    [Blockierte Grafik: https://mma.prnewswire.com/media/1934330/i_80_Gold_Corp_i_80_Gold_Intersects_High_Grade_Gold_in_Granite_C.jpg?w=400]

    Multiple levels have been developed on the Ogee Zone and the Company continues extend of the decline to depth, with the goal of initiating access to the new South Pacific Zone that is located immediately below and to the north of the underground mine workings.
    "Drilling in the Ogee Zone continues to intercept impressive high-grade mineralization over substantial widths", stated Tyler Hill, Senior Geologist of i-80. "Results so far have demonstrated that the Ogee Zone is comprised primarily of oxide mineralization, amenable to non-refractory processing. The Ogee and South Pacific Zones remain open at depth, providing substantial upside."

  • Riding the Road to Riches
    Nevada’s i-80 Gold, is poised to become one of the fastest growing producers in the industry – and they’re not yet two years old.

    At just under two years old, i-80 Gold is reinvigorating Nevada’s gold mining industry
    ...When Equinox acquired Premier Gold Mines in April 2021, the company’s Nevada assets were carved out to create i-80. Since then, they’ve made numerous strategic acquisitions in the state, positioning the company as one of the largest holders of gold and silver resources in the United States. Not only is it one of the largest holders of gold and silver resources in Nevada, but i-80’s deposits also rank amongst the highest-grade gold projects in North America...

  • i-80 Gold Releases Results of a Scoping Study for the Ruby Hill Processing Plant
    Highlight of the Study include:

    • A preliminary estimate of US$8.9 Million in capital, including contingency, indirects and EPCM costs for the restart to process oxide material
    • A preliminary estimate of US$65.7 Million in capital, including contingency, indirects and EPCM costs for the conversion to a floatation plant producing two concentrates (Part 2)

    [Blockierte Grafik: https://mma.prnewswire.com/media/1939664/Nov_7__2022_Table_1___Capital_Cost_for_the_Restart_of_the_Oxide_Plant.jpg?p=publish]

    [Blockierte Grafik: https://mma.prnewswire.com/media/1939663/Nov_7__2022_Table_3___Capital_Cost_for_the_Conversion_to_a_Floatation_Plant.jpg?p=publish]

  • i-80 Gold Reports Q3 2022 Operating Results

    2022 Third Quarter Highlights:

    • Record quarterly gold sales of 9,332 ounces; all-in sustaining cost of $1,138 per ounce sold1
    • September 30 cash balance of $76 million and $33 million in restricted cash
    • Drilling at Granite Creek continued with multiple high-grade intercepts in the Ogee and South Pacific zones (10,526 core feet and 5,460 reverse circulation (RC) feet drilled)
    • First shipment of sulfide mineralized material from Granite Creek was made to NGM's Twin Creeks processing facility
    • Continued step-out and infill drilling at Ruby Hill with multiple high-grade intercepts and new discoveries made (17,025 core feet and 34,865 RC feet drilled)
    • Engineering study of Lone Tree autoclave refurbishment continued on plan

    2022 Year to date Highlights:

    • Gold sales of 14,328 ounces; all-in sustaining cost of $1,204 per ounce sold1
    • Commenced trading on the New York Stock Exchange on May 19, 2022 under the symbol IAUX
    • Funds received for the previously announced gold prepay and silver purchase and sale agreements totaling $75 million
    • Increased the size of the Granite Creek property package by approximately 1,280 acres (518 hectares), extending exposure along the primary fault structure by approximately 1.6 km north towards the Turquoise Ridge Mine, and 1.6 km south of Granite Creek
    • Commenced development of exploration ramp at McCoy-Cove (approximately 1,900 feet of advance now completed); drilling expected to commence in Q4
    • Entered into agreement to acquire key water rights for the development of the Cove Project
    • Completed first gold sale in Company history
    • A total of 208,329 feet (core and RC) drilled by the end of the third quarter

  • i-80 Gold Hilltop Discovery Yields Bonanza-Grade CRD Mineralization at Ruby Hill

    Highlight results from recent core drilling in the "Upper Horizon" at the Hilltop target include:

    • iRH22-51

      • 33.0 g/t Au, 3010.0 g/t Ag & 63.5 % Pb over 0.6 m and
      • 3.1 g/t Au, 683.3 g/t Ag & 37.6 % Pb over 14.6 m
    • iRH22-53:

      • 1.9 g/t Au, 631.3 g/t Ag, 7.4 % Zn & 33.0 % Pb over 18.3 m
    • iRH22-54

      • 0.6 g/t Au, 374.1 g/t Ag, 3.9 % Zn & 20.2 % Pb over 20.8 m
    • iRH22-55:

      • 60.2 g/t Au, 908.7 g/t Ag, 1.1 % Zn & 15.7 % Pb over 10.0 m
        Incl. 83.2 g/t Au, 1261.0 g/t Ag, 1.5 % Zn, & 22.1% Pb over 7.0 m

    [Blockierte Grafik: https://mma.prnewswire.com/media/1946536/i_80_Gold_Corp_i_80_Gold_Hilltop_Discovery_Yields_Bonanza_Grade.jpg?p=publish][Blockierte Grafik: https://mma.prnewswire.com/media/1946535/i_80_Gold_Corp_i_80_Gold_Hilltop_Discovery_Yields_Bonanza_Grade.jpg?p=publish]

    “We believe that the grades of mineralization at Ruby Hill are truly world-class and the Hilltop Zone ranks amongst the highest-grade new discoveries being drilled anywhere on the planet”, stated Ewan Downie

  • Zitat von Taylor Dart


    i-80-Gold is a rare breed with a mix of multiple high-grade projects, the processing infrastructure to control its destiny in a state where most juniors don't have this luxury, and it's assembled this portfolio by paying a disciplined price for these assets. In my view, there is simply no reason to own a gold producer unless it is growing production because its earnings/cash flow is at the mercy of the gold price's fluctuations.
    i-80 Gold clearly fits this bill with an industry-leading growth rate (70%+ CAGR). However, more importantly, a gold producer should be growing cash flow, reserves, and production per share, and given i-80's drilling success, I see continued growth in these categories as highly likely. Hence, I see i-80 Gold Corp. as one of the best opportunities sector-wide and a top-3 name in the gold sector.


  • i-80 Gold Expands High-Grade Gold Mineralization at Ruby Hill

    Highlight results from new drilling in the Ruby Deeps horizon:

    • iRH22-29: 13.3 g/t Au over 6.4 m (0.39 oz/ton – 21.0 ft) and 11.3 g/t Au over 5.8 m (0.33 oz/ton – 19.0 ft)
    • iRH22-32: 14.4 g/t Au over 14.2 m (0.42 oz/ton – 46.5 ft) and 12.2 g/t Au over 8.1 m (0.36 oz/ton – 40.0 ft)
    • iRH22-56: 11.1 g/t Au over 9.9 m (0.32 oz/ton – 32.5 ft) and 10.7 g/t Au over 6.4 m (0.31 oz/ton – 21.0 ft)
    • iRH22-57: 9.0 g/t Au over 51.2 m (0.26 oz/ton – 173.0 ft)

    [Blockierte Grafik: https://mma.prnewswire.com/media/1957189/i_80_Gold_Corp_i_80_Gold_Expands_High_Grade_Gold_Mineralization.jpg?p=publish]
    [Blockierte Grafik: https://mma.prnewswire.com/media/1957188/i_80_Gold_Corp_i_80_Gold_Expands_High_Grade_Gold_Mineralization.jpg?p=publish]

  • i-80 Gold Discovers Additional High-Grade Mineralization at Ruby Hill

    RENO, Nev., Dec. 19, 2022 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company") is pleased to report the discovery of high-grade zinc mineralization from the first hole drilled to test the "Hilltop Corridor" at the Company's 100%-owned Ruby Hill Property ("Ruby Hill" or "the Property") located in Eureka County, Nevada.
    [Blockierte Grafik: https://mma.prnewswire.com/media/1970872/i_80_Gold_Corp_i_80_Gold_Discovers_Additional_High_Grade_Mineral.jpg?w=400]Figure 1 – Hilltop Corridor Surface Plan (CNW Group/i-80 Gold Corp)[Blockierte Grafik: https://mma.prnewswire.com/media/1970871/i_80_Gold_Corp_i_80_Gold_Discovers_Additional_High_Grade_Mineral.jpg?w=400]
    Figure 2 – Cross Section Hilltop Target (CNW Group/i-80 Gold Corp)In addition to work completed on gold targets, including the Ruby Deeps deposit, the Company is drill testing multiple target areas for the potential to host polymetallic and base metal mineralization. This program has yielded substantial success with three new discoveries having been made in the first dozen holes drilled. In addition to this new intercept within the Hilltop Corridor "South Blackjack" target, i-80 has announced the recent discoveries of high-grade, polymetallic CRD (Carbonate Replacement Deposit) mineralization in the Upper and Lower Hilltop Zones. The first hole testing the Hilltop Corridor (iRH22-61) intersected high-grade mineralization grading 12.3% Zinc over 39.6 metres (See Figure 1 & 2).
    This intercept is located approximately 300 metres southeast of the Upper Hilltop Zone where recent drilling has returned high-grade mineralization including intercepts of:

    (See press releases dated August 30th, 2022 and November 14th, 2022) The new intercept in the South Blackjack target is located approximately 450 metres to the south of the Blackjack deposit in an area where no previous drilling has been completed (see Figure 1).

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