i-80 Gold Corp. announced the results of an updated Preliminary Economic Assessment (PEA) for its Cove Project, an advanced underground exploration project in Northern Nevada. The 2025 PEA demonstrates a robust after-tax Net Present Value (NPV) of $271 million at a 5% discount rate, based on a gold price of US$2,175 per ounce.
The study also indicates an impressive after-tax Internal Rate of Return (IRR) of 30% at the same gold price, confirming the strong economic potential of the Cove Project. These positive results position Cove as a key component of the company's regional 'hub-and-spoke' mining and processing strategy.
The Cove Project is strategically located on the Battle Mountain-Eureka Trend, a prolific gold-producing region in the United States. The PEA provides critical technical and economic validation as i-80 Gold advances its portfolio of high-grade gold deposits towards production.
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