I-80 Gold Reports Positive Economic Assessments for Granite Creek Projects

i-80 Gold Corp has released two preliminary economic assessments (PEAs) for its Granite Creek project in Nevada, one focusing on the underground mine and the other on an open pit operation. The underground project is projected to have an after-tax net present value (NPV) of $155 million at a gold price of $2,175 per ounce, with potential to increase to $344 million at $2,900 per ounce. Expected production is approximately 60,000 ounces of gold annually over an eight-year mine life, ramping up to full production upon refurbishment of the Lone Tree facility by 2028. The open pit operation is estimated to yield an NPV of $421 million, increasing to $866 million at higher gold prices, with average production of 110,000 ounces over a ten-year life. Both projects show significant resource growth potential, with the company planning extensive drilling in the coming years. CEO Richard Young emphasized that the open pit project could significantly enhance the company's production profile and growth trajectory.