i-80 Gold Corp. announced the results of a Preliminary Economic Assessment (PEA) for its Granite Creek Underground Project in Nevada. The PEA demonstrates an after-tax Net Present Value (NPV) of $155 million at a 5% discount rate, based on a gold price of US$2,175 per ounce.
The assessment further highlights a significantly higher after-tax NPV of $344 million at a 5% discount rate, assuming a gold price of US$2,900 per ounce. These results confirm the robust economic potential of Granite Creek Underground, which is currently ramping up to full production.
As the first property within the company's pipeline of assets to be redeveloped, the Granite Creek Underground Project is a critical component of i-80 Gold's strategy to become a mid-tier gold producer. The positive PEA provides essential technical and economic validation for this key operational asset.
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