i-80 Gold Corp. announced the results of a Preliminary Economic Assessment (PEA) for its Granite Creek Open Pit Project, located within the Getchell Trend in northern Nevada. The PEA demonstrates a robust after-tax Net Present Value (NPV) of $421 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 30% at the same gold price, confirming the strong economic potential of the Granite Creek Open Pit. This project is positioned immediately south of the Turquoise Ridge Complex of Nevada Gold Mines.
This positive assessment provides critical technical and economic validation for a key component of i-80 Gold's multi-asset development plan. The Granite Creek Open Pit project is expected to contribute significantly to the company's long-term production goals as it progresses through permitting and development.
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