i-80 Gold Corp.

i-80 Gold released a feasibility study for its Granite Creek underground gold project, outlining updated reserves and mine planning. The study includes new measured and indicated resource figures alongside the first formal reserve estimates for the deposit, and management also reported positive step-out and infill drilling results at the Mineral Point project that confirmed mineralization beyond current resource outlines. The company, a CA$2.1b metals and mining business focused on advancing gold and silver projects in the United States, now has Granite Creek and Mineral Point contributing to its broader Nevada project pipeline. The Granite Creek feasibility study gives the production ramp-up catalyst more backbone because it now rests on formal reserves, updated grades and an optimized processing plan instead of earlier-stage assumptions, though the announcement also underlines existing risk around high capex, complex mine plans and the need for tight cost control across multiple assets. The practical checkpoint for investors is how closely actual Granite Creek output lines up with the feasibility schedule once Lone Tree processing is targeted to start in late 2027.

i-80 Gold Corp. has terminated its gold offtake agreement with Vox Royalty, removing its fixed obligation to sell up to 40,000 ounces of refined gold per year from its Granite Creek and Ruby Hill properties through December 2028. The company will issue 3,453,237 common shares to Vox, valued at $4.8 million based on a price of $1.39 per share, to satisfy its obligations. The move is expected to provide greater financial and commercial flexibility and result in cash flow savings through 2028. Completion is expected before June 30.