i-80 Gold Ends Offtake Agreement to Boost Nevada Operations

The settlement effectively eliminates a fixed obligation that previously required the company to sell up to 40,000 ounces of gold annually through the end of 2028. By removing this requirement, i-80 Gold secures the flexibility to capitalize on favorable market pricing and manage its own stockpiles as it prepares for the commissioning of the Lone Tree Plant. The company views this move as a critical step in its broader strategy to establish itself as a mid-tier producer in the region.

The agreement, originally established with Orion Mine Finance in 2016 and later transferred to Vox, had become a constraint on the company’s evolving development plan. The newly issued shares, priced at $1.39 each, satisfy all outstanding obligations under the previous contract. This consolidation of assets is part of a larger hub-and-spoke strategy designed to maximize the efficiency of i-80 Gold’s high-grade project pipeline across Nevada.