i-80 Gold Corp. announced the results of a Preliminary Economic Assessment (PEA) for its Archimedes Underground Project, located within the Ruby Hill Complex in northeastern Nevada. The PEA demonstrates an after-tax Net Present Value (NPV) of $127 million at a 5% discount rate, based on a gold price of US$2,175 per ounce.
The study also highlights an after-tax Internal Rate of Return (IRR) of 23% at the same gold price, confirming the economic viability of the Archimedes Project. These results underscore the project's potential to become a key component of the company's regional hub-and-spoke mining and processing strategy.
The Archimedes Project is expected to contribute significantly to i-80 Gold's goal of becoming a mid-tier gold producer. This positive assessment provides crucial technical and economic validation as the company continues to advance its high-grade gold deposits.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.