JUNIORMETRICS

i-80 Gold Corp.

IAUX·IAU·$1.51·$1.3B cap
Goldalso:Ruby Hill, Lone Tree, Granite Creek & McCoy-Cove, Nevada Map

i-80 Gold is a multi-asset gold and silver producer in Nevada, operating the Ruby Hill, Lone Tree, and Granite Creek mines while advancing the McCoy-Cove development project.

Lifecycle Milestones

Grassroots
Resource Def.
PEA
PFS
Feasibility
Permitting
Construction
ProductionCurrent

Construction Milestones

5 of 5 reached
  1. Reached — date not disclosed · Source
  2. Feb 2022 · Source
  3. Feb 2022 · Source
  4. Jul 2022 · Source
  5. Reached — date not disclosed · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

Prior Ownership & Infrastructure
Ruby Hill, Lone Tree, Granite Creek & McCoy-Cove, Nevada
Existing MillTailings FacilityRoad Access3 of 4 checked, 3 in place

Not yet determined: grid power.

Combined view across 2 projects. Figures below are only combined where the underlying basis genuinely matches -- see the notes under each.

Combined resource
6.5M oz Au
Sum of 1 of 2 projects with a disclosed figure
IRR, per project
  • 23%Ruby Hill Complex (Archimedes & Mineral Point), Eureka County, Nevada
Each project's own figure -- IRR is not additive across independent projects, so these are never combined
Mine life, per project
  • 10 yrsRuby Hill Complex (Archimedes & Mineral Point), Eureka County, Nevada
Each project's own figure -- independent mine lives are never added or averaged
Combined NPV, by discount-rate basis
$127M
At 5% discount rate -- Ruby Hill Complex (Archimedes & Mineral Point), Eureka County, Nevada
8.8/10
Weak track recordStrong track record
8.8/10 vs.
5.8/10
Thin runwayWell-capitalized
5.8/10 vs.
How this is calculated
4.8/10
Weaker depositStronger deposit
4.8/10 vs.
How this is calculated
8.8/10
Harder place to buildEasier place to build
8.8/10 vs.
What goes into it
  • Jurisdiction (40%, counts 50% here)9/10

    Nevada: Fraser PPI 2025 is 100.00 of 100 (rank 1 of 68), which maps to 9 on this site's scale. Nevada, United States — top-tier, low political-risk mining jurisdiction.

  • Infrastructure (40%, counts 50% here)8.6/10

    A confirmed mill, confirmed road access, and a confirmed tailings facility at Ruby Hill, Lone Tree, Granite Creek & McCoy-Cove, Nevada; grid power not yet researched, counted at a neutral 5/10 until established.

  • Nearby producing mine (20%)Not counted: would not raise the score

    Pan (Mining Americas Inc.) is 44 km away and would score 8.4/10 on its own, but that is below what this company's other researched inputs already give it. A nearby producing mine can only raise this score, never lower it, so it isn't counted here.

7.1/10
Weaker profileStronger profile
7.1/10 vs.
Price Chart
$0.584$1.25$1.66$1.29$1.50AugDecAprJulOct222
Aug 12, 2025 – Oct 20, 2026
News
$1.51
+70%from low-32.6%from high
$0.89$2.24
See who ↓
6.9%
Low alignmentHigh alignment
6.9% vs.
See who ↓
54.2%
Low alignmentHigh alignment
54.2% vs.
$1.3B
Far belowFar above
$1.3B vs. $536.3M peer median
Price (USD - Local)
$1.51
Cash Position (USD)
$464.6M
Far belowFar above
$464.6M vs. $91.1M peer median
Debt (USD)
$445.7M
Far aboveFar below
$445.7M vs. $6.2M peer median
$1.3B
Far belowFar above
$1.3B vs. $457.8M peer median
862.1M
Far aboveFar below
862.1M vs. 316.1M peer median
Jurisdiction
United States
6,501,000 oz
Feeds Deposit Quality score
Measured1,099,000 oz
Indicated5,402,000 oz
Inferrednot scored7,480,000 oz
Total resource13,981,000 oz
Far belowFar above
6.5M oz vs. 1.3M oz peer median
Compares M&I only — Inferred isn't compared or scored.
$197.33/oz
M&I
Total resource (incl. Inferred)$91.76/oz
Peer median $67.76/oz
Far aboveFar below
$197.33/oz vs. $131.46/oz peer median
0.0218 oz/tCut-off: McCoy-Cove: 4.85 g/t Au (0.141 opt, underground Mineral Resource cut-off, US$1,500/oz gold, 2021 PEA). Granite Creek: 0.35 g/t Au (open pit Mineral Resource cut-off); 5.0 g/t Au (underground Mineral Resource cut-off) (2021 PEA)
Far belowFar above
0.0218 oz/t vs. 0.0383 oz/t peer median
Open pit and underground
See projects ↓
See projects ↓
See projects ↓
See projects ↓
$2,175/oz47% below spot ($4,114/oz)2025 study
See projects ↓
6.9%
0%100%
6.9% vs. 12.1% peer median
54.2%
0%100%
54.2% vs. 3.3% peer median
44 kmfrom Mining Americas Inc.'s Pan
Within regional-platform range (~50km)
-$135.8M
Far belowFar above
-$135.8M vs. $52.7M peer median
-$0.157
Far belowFar above
-$0.157 vs. $0.164 peer median

Acquisition Susceptibility

How this is calculated
6.4/10
Unlikely bolt-onFits the takeout profile

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.

How this score is built

  • Disclosed pending deal
    Sub-score: Not scored

    No pending acquisition or merger disclosed (checked)

    Not scored: having no deal in flight isn't held against a company.

    Weight 26.25%
  • Producer's strategic stake
    Sub-score: Not scored

    No producer holds a disclosed stake on file (holder register researched) See holders

    Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.

    Weight 25%
  • Distance to a producing mine
    Sub-score:
    5.6/10

    Nearest producing mine: Pan (Mining Americas Inc.), 44 km

    10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.

    Weight 22.5% · 46% here
  • Lifecycle stage
    Sub-score:
    5.5/10

    Stage: Production

    Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.

    Weight 15% · 31% here
  • Jurisdiction
    Sub-score:
    9/10

    United States: jurisdiction score 9/10

    Our jurisdiction score, used as is: higher means lower political and permitting risk.

    Weight 6.75% · 14% here
  • Commodity
    Sub-score:
    10/10

    Primary commodity: Gold

    Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.

    Weight 4.5% · 9% here

Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.

Overall Score Trend
-2.7% since 2026-07-26 · -16.5% from peak

Your Rankings

Community Sentiment
—SELLINGBUYING
CategoryCommunityYour Ranking
Overall— (0) 
Management— (0) 
Financials— (0) 
Jurisdiction— (0) 
Project Quality— (0) 

Management Team

President, Chief Executive Officer and a director of i-80 Gold Corp., appointed effective 18 September 2024. Strong Nevada operating experience including positions at Barrick Gold Corp.'s Goldstrike Mine. Founder and CEO of Teranga Gold Corporation, transformed it from a single-asset producer into a low-cost, mid-tier gold producer, ultimately acquired by Endeavour Mining plc in 2021 for more than CAD 2.5 billion. Most recently President and CEO of Argonaut Gold, Inc., acquired by Alamos Gold Inc. in Jul 2024. Recipient of the 2008 and 2017 PDAC Sustainability Award and the 2020 UN Global Compact Canada SDG Accelerator Award.

Executive Vice President and Chief Financial Officer of i-80 Gold Corp. Mining finance professional with over 20 years of financial management and reporting experience in Canada and the US (IFRS and US GAAP), internal controls, M&A, risk management and taxation. BBA, Gonzaga University (2006). Career: VP Finance, Nevada Copper Corp. (helped secure project financing and restructure debt during the Pumpkin Hollow construction/ramp-up); VP Finance and Controller, Tahoe Resources Inc. (oversaw SOX implementation, two acquisitions, progressed the Escobal and Shahuindo mines to commercial production); began his career at Hecla Mining Company.

Executive Vice President and Chief Operating Officer of i-80 Gold Corp., appointed effective 30 April 2025, succeeding Matthew Gili. Executive mining engineer with over 30 years of technical, operating and corporate leadership experience, beginning his career as an exploration geologist. Career: COO and EVP, Centerra Gold Inc. (2021-2025); COO, Teranga Gold Corporation, through its acquisition by Endeavour Mining plc; Director, Technical Services, Detour Gold Corporation.

Executive Vice President and General Counsel of i-80 Gold Corp. Ontario-qualified corporate commercial lawyer with 20+ years of experience in multiple jurisdictions and industries, both inside and outside counsel, senior business executive and company director. BA (History), University of Western Ontario; LLB, Queen's University. Career: SVP and General Counsel, Argonaut Gold, Inc. (2021-2024, through its acquisition by Alamos Gold Inc.); Secretary and General Counsel, Teranga Gold Corp. (2012-2021, through its acquisition by Endeavour Mining plc); Secretary and Deputy General Counsel, Gabriel Resources Ltd. (2007-2010); Corporate Counsel to a pharmaceutical contract manufacturer; private practice, Miller Thomson LLP, Toronto.

Non-Executive Chairman and independent director of i-80 Gold Corp., on the board since Apr 2021. Highly experienced mining executive with over 40 years in the business, having guided companies through the full mine life cycle. BSc Mining Engineering, Colorado School of Mines; Tuck School of Business Executive Program, Dartmouth. Former director, Gold Standard Ventures Corporation and 1911 Gold Corporation.

Insiders, Investors & Smart Money

Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.

Smart money
5/10

Sprott Inc reported 6.40% in a Schedule 13G/A filed 11 Nov 2024 -- a resource specialist taking a real position, though that filing is now around 21 months old. What is current is the insider buying: four open-market purchases by three different people between Nov 2025 and Mar 2026, with no sales at all. The dollar amounts are small in absolute terms (~US$87k combined against a US$1.2B market cap), so read it as directional rather than as a large financial commitment.

No notable insiders tracked for this miner yet.

Reports, Presentations & Documents

Technical Report Takeaways

i-80 Gold is a Nevada gold and silver producer with the Ruby Hill, Lone Tree and Granite Creek mines and the McCoy-Cove development project, all 100% owned. Its FY2025 10-K reports company-wide measured and indicated resources of 6,501,000 oz of gold (1,099,000 oz measured, 5,402,000 oz indicated) at 0.74 g/t, plus 7,480,000 oz inferred, as of 31 December 2025. Q2 2026 gold production was 11,098 oz, up from 4,178 oz a year earlier, as Granite Creek ramped up. The Archimedes Underground mine at Ruby Hill is on track for first gold by the end of 2026, and the refurbished Lone Tree autoclave is targeting a first pour at the end of 2027. The February 2025 technical report summary for the Ruby Hill Complex (Archimedes and Mineral Point) shows an NPV5% of US$127M and a 23% IRR over a 10-year life at US$2,175/oz gold.

AI take

I-80 Gold's June 2026 corporate presentation states a company-wide Measured+Indicated Mineral Resource of 6.5 Moz gold at 0.74 g/t, plus 7.5 Moz Inferred at 0.90 g/t, across its Nevada portfolio (Ruby Hill/Mineral Point, Lone Tree, Granite Creek, McCoy-Cove), positioning it as Nevada's fourth-largest mineral resource holder after Nevada Gold Mines and Kinross. No company-wide Proven+Probable Reserve total is presented -- several of the underlying deposits (e.g. McCoy-Cove, the Ruby Hill underground projects) are still resource-stage.

Recent News