i-80 Gold Corp Announces Archimedes Project Drilling Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 54 minutes ago
0mins
Source: PRnewswire
- Drilling Results Released: i-80 Gold Corp has completed its 2025-2026 infill drilling campaign at the Archimedes Underground Project located on the Ruby Hill property in northeastern Nevada, announcing remaining assay results that highlight the project's potential and resource richness.
- Development Progress On Track: The company is on schedule to achieve first gold production in the fourth quarter of 2026, indicating that project development is proceeding as planned, which is expected to generate significant revenue and bolster market confidence.
- Technical Study Timeline Adjustment: The timing for feasibility-level technical studies for the Granite Creek and Cove underground projects has been extended from the second quarter to the third quarter of 2026, reflecting the company's cautious approach in optimizing its development plan to ensure successful project execution.
- Strategic Planning Optimization: By extending the technical study timeline, the company aims to better assess resources and risks, thereby achieving higher efficiency and returns in future development, enhancing its competitiveness in the gold market.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy IAUX?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on IAUX
Wall Street analysts forecast IAUX stock price to fall
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 1.390
Low
1.10
Averages
1.23
High
1.47
Current: 1.390
Low
1.10
Averages
1.23
High
1.47
About IAUX
i-80 Gold Corp. is a mining company. The Company is a gold and silver producer engaged in the exploration, development, and extraction of gold and silver. Its operations include Lone Tree, Ruby Hill, Granite Creek and McCoy-Cove. The Company owns a 100% interest in the Lone Tree and Buffalo Mountain gold deposits and Lone Tree processing complex (collectively, the Lone Tree Project). The total land package of the Lone Tree property consists of approximately 12,000 acres. The Company holds a 100% interest in the Ruby Hill property located along the Battle Mountain-Eureka Trend in Eureka County, Nevada. It owns a 100% interest in the Granite Creek gold project located at the intersection of the Getchell gold belt and the Battle Mountain-Eureka Trend in Humboldt County, Nevada. It owns a 100% interest in the McCoy-Cove project. The Company holds a 100% interest in the FAD project located along the Battle Mountain-Eureka Trend in Eureka County, Nevada.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
i-80 Gold Corp Announces Archimedes Project Drilling Results
- Drilling Results Released: i-80 Gold Corp has completed its 2025-2026 infill drilling campaign at the Archimedes Underground Project located on the Ruby Hill property in northeastern Nevada, announcing remaining assay results that highlight the project's potential and resource richness.
- Development Progress On Track: The company is on schedule to achieve first gold production in the fourth quarter of 2026, indicating that project development is proceeding as planned, which is expected to generate significant revenue and bolster market confidence.
- Technical Study Timeline Adjustment: The timing for feasibility-level technical studies for the Granite Creek and Cove underground projects has been extended from the second quarter to the third quarter of 2026, reflecting the company's cautious approach in optimizing its development plan to ensure successful project execution.
- Strategic Planning Optimization: By extending the technical study timeline, the company aims to better assess resources and risks, thereby achieving higher efficiency and returns in future development, enhancing its competitiveness in the gold market.
See More
i-80 Gold Corp Announces Archimedes Project Drill Results
- Excellent Drill Results: i-80 Gold Corp reported multiple high-grade gold mineralization results from the upper 426 zone of the Archimedes Project, including 16.2 g/t Au in hole iAU26-09, demonstrating significant widths and continuity, which is expected to drive future resource expansion.
- Development Progress on Track: The company aims to achieve first gold production in Q4 2026, with current development progress aligning with budget expectations, indicating project feasibility and profitability, thereby enhancing investor confidence.
- Technical Study Timing Adjustment: The feasibility studies for the Granite Creek and Cove underground projects, initially scheduled for Q2 2026, have been postponed to Q3 2026, reflecting the company's cautious approach in optimizing its development plan, which may impact future project timelines.
- Resource Estimate Update: As of December 31, 2025, the Archimedes Project hosts an Indicated Mineral Resource of 1.8 million tonnes containing 436,000 ounces of gold, showcasing a strong mineral foundation that supports the company's integration of additional mineralized material in future feasibility studies.
See More
i-80 Gold Corp. Announces 2026 Annual Meeting Results
- Board Member Election: At the 2026 annual meeting, shareholders unanimously approved setting the number of directors at nine, with all nominated directors elected, reflecting strong shareholder support and trust in corporate governance.
- New Director Appointment: Stephen Gottesfeld was elected as a new director, bringing nearly 30 years of extensive experience in the mining industry, which is expected to provide critical strategic guidance in governance and sustainability as the company transitions to a mid-tier gold producer.
- Auditor Reappointment: Shareholders approved the reappointment of Grant Thornton LLP (USA) as the company's auditors and authorized the board to determine their remuneration, ensuring financial transparency and compliance for the company.
- Voting Results Announcement: The voting results from the annual meeting will be published later on SEDAR+ and EDGAR, ensuring all shareholders have timely access to the latest information on corporate governance and decision-making.
See More
i-80 Gold Corp. Announces 2026 Annual Meeting Results
- Board Member Election: At the 2026 annual meeting, shareholders unanimously approved setting the number of directors at nine, with all nominated directors elected, reflecting strong shareholder support for the company's governance structure.
- New Director Appointment: Stephen Gottesfeld was appointed as a new director, bringing nearly 30 years of extensive experience in the mining sector, which is expected to provide crucial strategic guidance in governance and sustainability as the company transitions to a mid-tier gold producer.
- Auditor Reappointment: Shareholders approved the reappointment of Grant Thornton LLP (USA) as the company's auditors and authorized the board to determine their remuneration, ensuring financial transparency and compliance for the company.
- Voting Results Disclosure: The voting results from the meeting will be filed with SEDAR+ and EDGAR, further enhancing the company's transparency in the capital markets and boosting investor confidence.
See More
Lake Victoria Gold Project Begins Drilling
- Project Advancement: Lake Victoria Gold Ltd. has confirmed the mobilization of reverse circulation drill rigs to its Imwelo Gold Project in Tanzania, with a ~21-day sterilization drilling program set to commence in mid-May, aimed at supporting final infrastructure placement and accelerating project construction.
- Funding Assurance: The company secured a binding term sheet for a gold loan facility of up to $25 million in April 2026, alongside a fully committed C$3.8 million convertible debenture financing, ensuring the project's funding needs and bolstering market confidence in its construction phase.
- Gold Recovery Rates: Metallurgical work at the Imwelo Project has confirmed gold recovery rates of up to 97% using conventional methods, providing critical de-risking input for the projected low-capex open-pit operation, thereby enhancing the project's economic viability.
- Regional Advantage: The Imwelo Project is situated in Tanzania's Lake Victoria Goldfield, which attracted approximately $9.79 billion in foreign investment, highlighting the region's significance in the global gold market, while the company is also advancing a toll-milling agreement with Nyati Resources, potentially opening new pathways for early cash flow.
See More
i-80 Gold Reports Q1: Revenue Soars 274.2% Year-Over-Year
- Significant Revenue Growth: i-80 Gold reported a revenue of $52.39 million in Q1 2026, representing a remarkable 274.2% year-over-year increase, indicating strong market performance and growth potential.
- Widening Operating Loss: Despite the substantial revenue increase, the company experienced an operating loss of $21.818 million, up from $15.776 million in the previous year, highlighting the pressure of high pre-development and administrative costs on profitability.
- Net Loss Situation: The net loss for the first quarter reached $78.601 million, significantly higher than the $41.205 million loss reported last year, primarily due to increased interest expenses and losses on loan extinguishment, indicating challenges in financial management.
- 2026 Guidance Remains Unchanged: The company confirmed it remains on track to meet its 2026 guidance, demonstrating confidence in future growth despite current financial pressures.
See More
i-80 Gold Corp Announces Archimedes Project Drilling Results
- Drilling Results Released: i-80 Gold Corp has completed its 2025-2026 infill drilling campaign at the Archimedes Underground Project located on the Ruby Hill property in northeastern Nevada, announcing remaining assay results that highlight the project's potential and resource richness.
- Development Progress On Track: The company is on schedule to achieve first gold production in the fourth quarter of 2026, indicating that project development is proceeding as planned, which is expected to generate significant revenue and bolster market confidence.
- Technical Study Timeline Adjustment: The timing for feasibility-level technical studies for the Granite Creek and Cove underground projects has been extended from the second quarter to the third quarter of 2026, reflecting the company's cautious approach in optimizing its development plan to ensure successful project execution.
- Strategic Planning Optimization: By extending the technical study timeline, the company aims to better assess resources and risks, thereby achieving higher efficiency and returns in future development, enhancing its competitiveness in the gold market.
See More
i-80 Gold Corp Announces Archimedes Project Drill Results
- Excellent Drill Results: i-80 Gold Corp reported multiple high-grade gold mineralization results from the upper 426 zone of the Archimedes Project, including 16.2 g/t Au in hole iAU26-09, demonstrating significant widths and continuity, which is expected to drive future resource expansion.
- Development Progress on Track: The company aims to achieve first gold production in Q4 2026, with current development progress aligning with budget expectations, indicating project feasibility and profitability, thereby enhancing investor confidence.
- Technical Study Timing Adjustment: The feasibility studies for the Granite Creek and Cove underground projects, initially scheduled for Q2 2026, have been postponed to Q3 2026, reflecting the company's cautious approach in optimizing its development plan, which may impact future project timelines.
- Resource Estimate Update: As of December 31, 2025, the Archimedes Project hosts an Indicated Mineral Resource of 1.8 million tonnes containing 436,000 ounces of gold, showcasing a strong mineral foundation that supports the company's integration of additional mineralized material in future feasibility studies.
See More
i-80 Gold Corp. Announces 2026 Annual Meeting Results
- Board Member Election: At the 2026 annual meeting, shareholders unanimously approved setting the number of directors at nine, with all nominated directors elected, reflecting strong shareholder support and trust in corporate governance.
- New Director Appointment: Stephen Gottesfeld was elected as a new director, bringing nearly 30 years of extensive experience in the mining industry, which is expected to provide critical strategic guidance in governance and sustainability as the company transitions to a mid-tier gold producer.
- Auditor Reappointment: Shareholders approved the reappointment of Grant Thornton LLP (USA) as the company's auditors and authorized the board to determine their remuneration, ensuring financial transparency and compliance for the company.
- Voting Results Announcement: The voting results from the annual meeting will be published later on SEDAR+ and EDGAR, ensuring all shareholders have timely access to the latest information on corporate governance and decision-making.
See More
i-80 Gold Corp. Announces 2026 Annual Meeting Results
- Board Member Election: At the 2026 annual meeting, shareholders unanimously approved setting the number of directors at nine, with all nominated directors elected, reflecting strong shareholder support for the company's governance structure.
- New Director Appointment: Stephen Gottesfeld was appointed as a new director, bringing nearly 30 years of extensive experience in the mining sector, which is expected to provide crucial strategic guidance in governance and sustainability as the company transitions to a mid-tier gold producer.
- Auditor Reappointment: Shareholders approved the reappointment of Grant Thornton LLP (USA) as the company's auditors and authorized the board to determine their remuneration, ensuring financial transparency and compliance for the company.
- Voting Results Disclosure: The voting results from the meeting will be filed with SEDAR+ and EDGAR, further enhancing the company's transparency in the capital markets and boosting investor confidence.
See More
Lake Victoria Gold Project Begins Drilling
- Project Advancement: Lake Victoria Gold Ltd. has confirmed the mobilization of reverse circulation drill rigs to its Imwelo Gold Project in Tanzania, with a ~21-day sterilization drilling program set to commence in mid-May, aimed at supporting final infrastructure placement and accelerating project construction.
- Funding Assurance: The company secured a binding term sheet for a gold loan facility of up to $25 million in April 2026, alongside a fully committed C$3.8 million convertible debenture financing, ensuring the project's funding needs and bolstering market confidence in its construction phase.
- Gold Recovery Rates: Metallurgical work at the Imwelo Project has confirmed gold recovery rates of up to 97% using conventional methods, providing critical de-risking input for the projected low-capex open-pit operation, thereby enhancing the project's economic viability.
- Regional Advantage: The Imwelo Project is situated in Tanzania's Lake Victoria Goldfield, which attracted approximately $9.79 billion in foreign investment, highlighting the region's significance in the global gold market, while the company is also advancing a toll-milling agreement with Nyati Resources, potentially opening new pathways for early cash flow.
See More
i-80 Gold Reports Q1: Revenue Soars 274.2% Year-Over-Year
- Significant Revenue Growth: i-80 Gold reported a revenue of $52.39 million in Q1 2026, representing a remarkable 274.2% year-over-year increase, indicating strong market performance and growth potential.
- Widening Operating Loss: Despite the substantial revenue increase, the company experienced an operating loss of $21.818 million, up from $15.776 million in the previous year, highlighting the pressure of high pre-development and administrative costs on profitability.
- Net Loss Situation: The net loss for the first quarter reached $78.601 million, significantly higher than the $41.205 million loss reported last year, primarily due to increased interest expenses and losses on loan extinguishment, indicating challenges in financial management.
- 2026 Guidance Remains Unchanged: The company confirmed it remains on track to meet its 2026 guidance, demonstrating confidence in future growth despite current financial pressures.
See More
