Introduction To I-80 Gold Corp With 4 Projects & Developing Mines In Nevada

Shad Marquitz
November 18, 2021

Ewan Downie, CEO and Director of I-80 Gold Corp (TSX: IAU – OTCQX: IAUCF), joins us to introduce the Company’s 4 primary Projects that are developing into mines, with a scaled production growth strategy targeting 50,000 ounces in 2022, 100,000 ounces in 2023, 200,000 ounces in 2024, and 400,000 ounces in 2025.  We discuss the formation of I-80 Gold Corp through the spin out of Nevada assets from Premier Gold Mines, before the merger with Equinox Gold, and their growth through acquisitions to a global resource of 14 million ounces of gold equivalent; with 6.3 million ounces measured  & indicated, plus 8.4 million ounces inferred.


Next we briefly walk through the development and production schedule 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, host to a whole-ore autoclave, leach pad and CIC circuit, and a floatation circuit.


Ewan discusses expansion through exploration with the ongoing 20,000 meter drill program at Granite Creek, and the aggressive drill program planned for 2022 at Ruby Hill.  We wrap up highlighting the experience of the management team, and the strong financial balance sheet.

    Nov 18, 2021 18:55 AM

    (IAU) (IAUCF) i-80 Completes PEA for Granite Creek, Nevada

    – 9 Nov 2021

    – After-Tax NPV@5% of US$244.9 Million
    – After-Tax IRR of 34.2%
    – Initial Capital of US$69.9 Million
    – All-in Sustaining Cost (per oz Au produced) of US$963.40
    – Life of Mine Gold Production of 1,245,900 ounces

    Nov 18, 2021 18:59 AM

    Rocks And Stocks News interview with Ewan Downie from i-80 Gold (IAU.TO)
    RocksAndStocksNews – Nov 17, 2021

    Nov 18, 2021 18:02 AM

    (IAU) (IAUCF) i-80 Gold Corp closes acquisition of Ruby Hill after Lone Tree and Buffalo Mountain transactions
    Proactive Investors – Oct 19, 2021
    “I-80 Gold Corp CEO Ewan Downie joined Proactive’s Stephen Gunnion with news that the company has completed its previously announced acquisition of the Ruby Hill mine in Nevada.”

    “The deal follows the completion of the acquisitions of the Lone Tree and Buffalo Mountain gold deposits, also in Nevada, plus certain processing infrastructure, from Nevada Gold Mines.”

    “Downie telling Proactive that the company is now in a position to begin accelerating mine development at multiple sites as its focus on its plan to build a mid-tier gold producing company.”

    Nov 18, 2021 18:12 AM

    Don’t Second Guess Gold

    Eric Reed – The Street (11/17/2021)

    Real Money’s Timmothy Collins spotted the recent breakout in precious metal.

    “We have a GDXJ breakout today of a ‘V’-shaped price pattern,” Collins wrote on Nov. 8. “Some traders may want to see a close over $45.50 to get long. As long as we don’t get a big gap higher, I believe that is a perfectly acceptable approach. I see a resistance line being broken. This comes on the heels of the bullish crossovers in both the Full Stochastics and MACD indicators of two days ago. Those bullish divergences led the price move higher. We also saw the parabolic stop-and-reverse (PSAR) flip higher, as well. This pattern played out particularly well to start October and not half bad to end August, so there is a little history here giving us some guide. It is by no way perfect, but I don’t want to second guess it.”

    Nov 18, 2021 18:52 AM

    Picked up some Santacruz today but for close to 3mil in volume, it looks like there must be some in and out on it as it seems to burn out around .30. Looks also like it was up to .45 earlier in the year. We will see where this goes but maybe the deal is confusing or being halted so long has caused some hesitation other than the normal cap on silver. Anyway…I will see where it goes.
    (OTC and Schwab showing an Ask of .35 currently but they are selling them quickly under .31 US. That is still a significant gain over the last close…but…)

      Nov 18, 2021 18:17 AM

      Up to 3.2 mil volume and still topped out at under .31…hmmmmm

        Nov 18, 2021 18:54 AM

        Yeah, I lightened my SCZ load by 25% today into this big 26% pop higher on the day, because I’m not sure if we may see a bit of weakness on their financing news, where I can rebuy at a bit lower, and I was already overweight Santacruz going into this halt. Today’s move made up for it being halted the last month so it could catch up with the rest of the silver miners, and it will be interesting to see where it goes from here. On any short-term weakness that we may see, I’ll be looking to add some of what I trimmed today back to the core position I kept in place.

          Nov 18, 2021 18:03 PM

          I had sold off all before the halt, so I guess I am starting over. Since it was trading somewhat indecisive today, I will monitor to add. In general, today is kind of quirky as EMOTF gets hit hard again for the following reasons: (?)

            Nov 18, 2021 18:35 PM

            EMOTF in alternating day pattern this week…so disappointed

            Nov 18, 2021 18:10 PM

            Yeah, if you didn’t have a Santacruz Silver seat, then it’s likely a good strategy to get tickets for the show.
            I’ve still got a nice weighting in SCZ, despite me trimming a bit back into today’s strength, but will take it back up to an oversized weighting in my portfolio, once we get the financing news announced and digested by the market.

    Nov 18, 2021 18:22 AM

    nat gas hammering out a bottom?…for a bounce…seems to be…the HEAD must hold or i eject the position…because my analysis is about patterns setting stop loss and targets not about predicting the future…if the pattern fails the decision is wrong……intra-day chart of 240 minutes…price needs to recover the lower dashed channel line soon to be valid…glta

      Nov 18, 2021 18:16 AM

      I don’t know but it sure looks like that right shoulder is tracking that line and it very well may move up to complete the overall H&S. But, then again, I hang out with a lot of strange people…

      Nov 18, 2021 18:16 PM

      professionals trade these things…so it is not as strange as it is wicked to see their moves…

      new diversion invented…lmao

        Nov 18, 2021 18:34 PM

        Another day at the office…

          Nov 19, 2021 19:19 AM

          so true Lake,,,lmao 🔊☎️🔆📞

    Nov 18, 2021 18:07 PM

    What’s the cost to bring the Lone Tree facility back on line? I understand that it hasn’t been in operation for a number of years.

    Nov 18, 2021 18:55 PM

    Hi Ex, Santacruz, I guess the big question is when will they do the placement and at what price. I think they should re-release their last quarterly figures that the market didn’t get a chance to share in and then do an offering, while they are still in the limelight. I don’t think they will wait much longer than one week. 60 million shares times 40 cents, with a full warrant attached at ?, that is a lot of dilution, they need to get back to their shareholders with a news release that lists all the details. Transparency is necessary or The Market will punish them DT

      Nov 18, 2021 18:27 PM

      Good points DT. It’s unlikely they’ll re-release the Q3 Earnings, as they’ve been out there since October 20th, and it’s up to investors to digest those, and I do believe this big re-rating today accounted for most of that so it’s now priced in… until the financing.
      Here are some interesting reactions today from other investors over at
      @Hiskingdom – “I’m going to go out on a limb to say that financing will be ‘internal’. Share price will go up significantly, existing warrant holders will exercise, possibly fund the whole transaction including using any cash that has been built up from operations…. perhaps I’m dreaming.”
      @HungryTiger – “Yes, the 20 mm is easily funded given the much higher cash flow from the assets acquired. The risk is minimal on that front. The entire 110 mm purchase price will be paid from the assets cash flow with plenty to spare. Its really a sweetheart deal because most Anglo run PM companies are scared of Bolivia (see Coeur for example). The SCZ chairman is a savvy, adept Mexican national who has the “know how” and “know who” in Latin America to be able to strike this deal. This is enormously transformational. The market is probably shell shocked by the scope of this deal and trying to see if there are any “gotchas”. Fair enough, but the volume after 1 hour of trading is 2.5 MM shares. Volume always precedes price, so good things are in process. ”
      @austrochris – “With Mexico increasing to almost 5 Million ounces silver equivalent and 3.5 in Bolivia = 8.5 Million = production of $EDR. $EDR is valued 10 times higher, with lower production ! Rerating for $SCZ is in front of us ! “

        Nov 18, 2021 18:07 PM

        Hi Ex, thanks for the feedback much appreciated. DT

          Nov 19, 2021 19:28 AM

          Sure thing DT. I don’t think this acquisition from Santacruz of 5 mines and 3 mills from Glencore is getting the attention it deserves from resource investors, as it’s been overshadowed by the string of recent larger acquisitions lately like the acquisition of Kirkland Lake by Agnico Eagle, the acquisition of Fiore by Calibre, or the acquisition of Pretium by Newcrest. Still, comparatively to the size of Santacruz before and after this transaction, it’s a transformative acquisition for SCZ, and really in the small universe of Silver producers.
          In a way, this is also why I wanted to have I-80 Gold Corp on the show, at the top of this daily editorial, because I feel their recent acquisitions from Barrick and from Waterton are transformative for their newer company amongst the Nevada gold producers, and it is has also been overlooked amidst some of the other M&A news lately.