i-80 Gold Corp. announced the results of a Preliminary Economic Assessment (PEA) for its Mineral Point Project, an open pit deposit located within the Ruby Hill Complex in northern Nevada. The PEA demonstrates a robust after-tax Net Present Value (NPV) of $614 million at a 5% discount rate, based on a gold price of US$2,175 per ounce.
The study also indicates an after-tax Internal Rate of Return (IRR) of 12% at the same gold price, highlighting the significant economic potential of the project. Mineral Point holds the potential to become the flagship asset within the company's gold portfolio, contributing substantially to its long-term production goals.
This positive assessment provides critical technical and economic validation for Mineral Point, which is expected to be a large oxide heap leach project. The results support i-80 Gold's strategy to advance its extensive project pipeline and achieve its objective of becoming a mid-tier gold producer.
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