other material
confidence medium
sentiment positive
materiality 0.75
i-80 Gold reports Cove PEA with $271M NPV, 30% IRR; also files Archimedes, Mineral Point PEAs
i-80 Gold Corp.
- Cove Project PEA: after-tax NPV(5%) $271M, IRR 30% at $2,175/oz gold; 8-yr life, ~100K oz/yr avg gold production.
- Indicated resource 311K oz Au at 8.2 g/t; inferred 1.16M oz at 8.9 g/t; feasibility study targeted Q4 2025.
- Construction capital $157M (60% dewatering); LOM cash cost $1,194/oz, AISC $1,303/oz.
- Archimedes Underground PEA released Feb 18 and Mineral Point Open Pit PEA released Feb 21; details in exhibits 99.2 and 99.3.
- Cove PEA corrected to confirm designated press release status for prospectus supplement.