i-80 Gold Terminates Offtake Agreement with Vox Royalty
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: seekingalpha
- Agreement Termination: i-80 Gold announced the termination of its gold offtake agreement with Vox Royalty, a move that will provide the company with greater financial and commercial flexibility as it advances its plans to become a mid-tier gold producer focused on Nevada.
- Obligation Relief: The termination of the agreement eliminates i-80 Gold's fixed obligation to sell and deliver up to 40,000 ounces of refined gold annually until the end of 2028, thereby alleviating financial burdens and enhancing operational agility.
- Share Issuance: To satisfy its obligations under the offtake agreement, i-80 Gold will issue over 3.45 million common shares to Vox Royalty, representing a total consideration of $4.8 million based on a share price of $1.39, which will further strengthen the company's capital structure.
- Historical Context: This gold offtake agreement was originally launched in 2016 between Orion Funds and predecessor entities of i-80 Gold and was included in the spin-out transaction that established i-80 Gold under an agreement with Equinox Gold in 2020, marking a significant strategic shift for the company.
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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 Terminates Gold Offtake Agreement with Vox Royalty
- Agreement Termination Impact: i-80 Gold Corp. has entered into a settlement agreement with Vox Royalty to terminate its obligation to sell 40,000 ounces of gold annually, thereby enhancing financial flexibility and strengthening its balance sheet, which is expected to provide greater pricing flexibility for future gold sales.
- Cash Flow Savings: The termination of the agreement is anticipated to result in cash flow savings, based on the average offtake margin per ounce sold in 2026 to date, enabling the company to better manage gold sales through 2028, particularly when gold prices are favorable.
- Share Issuance Details: Under the settlement agreement, the company will issue 3,453,237 common shares to Vox, valued at $4.8 million based on a price of $1.39 per share, complying with NYSE American and Toronto Stock Exchange regulations, further enhancing the company's capital structure.
- Strategic Development Plan: The termination of this agreement aligns with the company's three-phase development plan in Nevada, aimed at becoming a mid-tier gold producer by enhancing operational efficiency and flexibility to seize future market opportunities.
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 Terminates Offtake Agreement with Vox Royalty
- Agreement Termination: i-80 Gold announced the termination of its gold offtake agreement with Vox Royalty, a move that will provide the company with greater financial and commercial flexibility as it advances its plans to become a mid-tier gold producer focused on Nevada.
- Obligation Relief: The termination of the agreement eliminates i-80 Gold's fixed obligation to sell and deliver up to 40,000 ounces of refined gold annually until the end of 2028, thereby alleviating financial burdens and enhancing operational agility.
- Share Issuance: To satisfy its obligations under the offtake agreement, i-80 Gold will issue over 3.45 million common shares to Vox Royalty, representing a total consideration of $4.8 million based on a share price of $1.39, which will further strengthen the company's capital structure.
- Historical Context: This gold offtake agreement was originally launched in 2016 between Orion Funds and predecessor entities of i-80 Gold and was included in the spin-out transaction that established i-80 Gold under an agreement with Equinox Gold in 2020, marking a significant strategic shift for the company.
See More
i-80 Gold Corp Terminates Gold Offtake Agreement
- Agreement Termination Impact: i-80 Gold Corp has entered into a settlement agreement with Vox Royalty to terminate its fixed obligation to sell 40,000 ounces of gold annually, enhancing financial flexibility and improving its balance sheet, which is expected to provide greater pricing flexibility for future gold sales.
- Cash Flow Savings: The termination of the offtake agreement is anticipated to result in cash flow savings based on the average offtake margin per ounce sold in 2026, helping the company optimize its financial position through 2028 and support its development plan as a mid-tier gold producer in Nevada.
- Share Issuance Details: Under the settlement agreement, the company will issue 3,453,237 common shares to Vox, valued at $4.8 million based on a price of $1.39 per share, complying with NYSE and TSX regulations, thereby further strengthening its capital structure.
- Strategic Development Plan: i-80 Gold is committed to becoming a mid-tier gold producer in Nevada through a fully funded three-phase development plan, leveraging its high-quality asset portfolio and planning to enhance the efficiency of its central processing facility to support future business growth.
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 Terminates Gold Offtake Agreement with Vox Royalty
- Agreement Termination Impact: i-80 Gold Corp. has entered into a settlement agreement with Vox Royalty to terminate its obligation to sell 40,000 ounces of gold annually, thereby enhancing financial flexibility and strengthening its balance sheet, which is expected to provide greater pricing flexibility for future gold sales.
- Cash Flow Savings: The termination of the agreement is anticipated to result in cash flow savings, based on the average offtake margin per ounce sold in 2026 to date, enabling the company to better manage gold sales through 2028, particularly when gold prices are favorable.
- Share Issuance Details: Under the settlement agreement, the company will issue 3,453,237 common shares to Vox, valued at $4.8 million based on a price of $1.39 per share, complying with NYSE American and Toronto Stock Exchange regulations, further enhancing the company's capital structure.
- Strategic Development Plan: The termination of this agreement aligns with the company's three-phase development plan in Nevada, aimed at becoming a mid-tier gold producer by enhancing operational efficiency and flexibility to seize future market opportunities.
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 Terminates Offtake Agreement with Vox Royalty
- Agreement Termination: i-80 Gold announced the termination of its gold offtake agreement with Vox Royalty, a move that will provide the company with greater financial and commercial flexibility as it advances its plans to become a mid-tier gold producer focused on Nevada.
- Obligation Relief: The termination of the agreement eliminates i-80 Gold's fixed obligation to sell and deliver up to 40,000 ounces of refined gold annually until the end of 2028, thereby alleviating financial burdens and enhancing operational agility.
- Share Issuance: To satisfy its obligations under the offtake agreement, i-80 Gold will issue over 3.45 million common shares to Vox Royalty, representing a total consideration of $4.8 million based on a share price of $1.39, which will further strengthen the company's capital structure.
- Historical Context: This gold offtake agreement was originally launched in 2016 between Orion Funds and predecessor entities of i-80 Gold and was included in the spin-out transaction that established i-80 Gold under an agreement with Equinox Gold in 2020, marking a significant strategic shift for the company.
See More
i-80 Gold Corp Terminates Gold Offtake Agreement
- Agreement Termination Impact: i-80 Gold Corp has entered into a settlement agreement with Vox Royalty to terminate its fixed obligation to sell 40,000 ounces of gold annually, enhancing financial flexibility and improving its balance sheet, which is expected to provide greater pricing flexibility for future gold sales.
- Cash Flow Savings: The termination of the offtake agreement is anticipated to result in cash flow savings based on the average offtake margin per ounce sold in 2026, helping the company optimize its financial position through 2028 and support its development plan as a mid-tier gold producer in Nevada.
- Share Issuance Details: Under the settlement agreement, the company will issue 3,453,237 common shares to Vox, valued at $4.8 million based on a price of $1.39 per share, complying with NYSE and TSX regulations, thereby further strengthening its capital structure.
- Strategic Development Plan: i-80 Gold is committed to becoming a mid-tier gold producer in Nevada through a fully funded three-phase development plan, leveraging its high-quality asset portfolio and planning to enhance the efficiency of its central processing facility to support future business growth.
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
