i-80 Gold Releases Granite Creek Mine Feasibility Study Results

i-80 Gold Corp. has released a positive feasibility study for its high-grade Granite Creek underground gold project located in Nevada. The study estimates an after-tax net present value (NPV) of $118 million at a gold price of $2,750 per ounce, with the potential to reach $598 million if gold prices increase to $4,500 per ounce.

The study established the initial mineral reserves for the project, which are crucial for planning future mining operations. The findings provide the company with a clear assessment of the project's economic potential and associated risks, important for securing financing and proceeding with development.

The Granite Creek project is situated in Nevada, a state recognized for its gold deposits. i-80 Gold intends to leverage existing infrastructure and processing facilities to optimize its operations. Completing the feasibility study marks a significant step toward commencing production.

The company stated that the study's outcomes support its expansion strategy and reinforce its position as a gold producer in the United States. Subsequent phases will involve environmental impact assessments and advancing necessary permitting processes.