i-80 Gold Finalizes Third-Party Processing Agreements
i-80 Gold Finalizes Third-Party Processing
Agreements
RENO, Nevada
,
March 19, 2025
/CNW/ -
i-80 GOLD CORP.
(TSX: IAU) (NYSE: IAUX)
("i-80 Gold", or the
"Company")
is pleased to announce it has finalized two third-party processing agreements (the "Agreements") in
respect of toll milling as well as ore sales for refractory and oxide material, respectively. The Agreements remain
in effect through to
December 31, 2027
. The Company is targeting to have the anticipated refurbishment of its
Lone Tree autoclave facility complete by
December 31, 2027
to allow for all material from the Company's
underground gold mines to be processed at its autoclave facility.
The economic terms of the Agreements are reflected in the recently released life of mine cash flows presented in
the press releases for the Archimedes Underground Project on
February 18, 2025
and the Granite Creek
Underground Project on
March 5, 2025
.
"We are pleased to finalize these Agreements as they are key in enabling i-80 Gold to advance development of
two of our three underground gold mines over the next several years, while continuing the planned refurbishment
and recommissioning of our Lone Tree autoclave facility. Once commissioned, our autoclave is expected to serve
as the central processing hub for material from our underground gold mines," stated
Matt Gili
, President and Chief
Operating Officer.
A class III engineering study on the autoclave refurbishment is expected to be completed by the end of the third
quarter of 2025.
About i-80 Gold Corp.
i-80 Gold Corp. is a
Nevada
-focused mining company committed to building a mid-tier gold producer through a
new development plan to advance its high-quality asset portfolio. The Company is the fourth largest gold mineral
resource holder in the state with a pipeline of high-grade development and production-stage projects strategically
located in
Nevada's
most prolific gold-producing trends. Leveraging its fully permitted central processing facility
following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing
strategy to maximize efficiency and growth. i-80 Gold's shares are listed on the Toronto Stock Exchange (TSX:
IAU) and the NYSE American (NYSE: IAUX). For more information, visit
www.i80gold.com
.
Forward-Looking Information
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within
the meaning of applicable securities laws, including but not limited to, statements regarding the updated results of
the PEAs, such as the anticipated refurbishment of its Lone Tree autoclave facility to be completed by
December
31, 2027
, the
January 1, 2028
commissioning of the Lone Tree autoclave, the ability for all material from the
Company's underground gold mines to be processed at the Lone Tree autoclave, and the expected Lone Tree
autoclave feasibility study in the third quarter of 2025. Furthermore, forward-looking statements are necessarily
based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the
date of such statements, are inherently subject to significant business, economic and competitive uncertainties and
contingencies. Such statements can be identified by the use of words such as "may", "would", "could", "will",
"intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar
terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved. These statements reflect the Company's current expectations regarding future events,
performance and results and speak only as of the date of this release and are expressly qualified in their entirety
by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation
to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring
after the date of this release.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as
guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such
results will be achieved. A number of factors could cause actual results to differ materially from the results
discussed in the forward-looking statements or information, including, but not limited to: material adverse changes,
unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of
parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices;
and the failure of exploration programs or studies to deliver anticipated results or results that would justify and
support continued exploration, studies, development or operations. For a more detailed discussion of such risks
and other factors that could cause actual results to differ materially from those expressed or implied by such
forward-looking statements, refer to i-80's filings with Canadian securities regulators, including the most recent
Annual Information Form, available on SEDAR+ at
www.sedarplus.ca
.
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i-80 Gold Corp
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For further information:
For further information, please contact: Leily Omoumi, VP Corporate Development &
Strategy, 1.866.525.6450, [email protected], www.i80gold.com
CO: i-80 Gold Corp
CNW 17:57e 19-MAR-25