I-80 Gold Corp – Exponential Production And Development Growth Paired With Exploration Growth
Ewan Downie, CEO and Director of I-80 Gold Corp (TSX: IAU – NYSE: IAUX), joins us to review the Company’s 4 primary Projects that are transitioning into producing mines, with a scaled production growth strategy doubling output year over year for the next 4-5 years. We discuss the where the initial production will be coming from for the balance of 2022 and 2023 and the key ore processing agreement in place with Nevada Gold Mines (the JV between both Barrick and Newmont in NV).
Next we briefly walk through the development and production schedule as well as the exploration programs expanding resources over the next few years at the Granite Creek, Buffalo Mountain, Ruby Hill, and McCoy Cove Projects; located in the Battle Mountain and Carlin Trend of Nevada. All 4 projects are being developed into mines that will feed material to the Lone Tree processing center in 2024, host to a whole-ore autoclave, leach pad and CIC circuit, and a floatation circuit. The company’s overall resources in all categories is already 14 million ounces of gold equivalent; with 6.3 million ounces measured & indicated, plus 8.4 million ounces inferred.
Ewan discusses expansion through exploration with the ongoing 50,000 meter drill program at Granite Creek and Ruby Hill planned for 2022 as well as the 40,000 meter drill program planned for McCoy Cove for later in 2022 and into 2023.
– In full disclosure, Shad is an existing shareholder of I-80 Gold corp