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i-80 Gold Maintained at Outperform by National Bank of Canada

BY MT Newswires | ECONOMIC | 07/08/25 10:39 AM EDT

10:39 AM EDT, 07/08/2025 (MT Newswires) -- I-80 Gold (IAUX) maintained its Outperform rating and $2 price target at National Bank of Canada.

The bank said its thesis for I-80 is supported by the company's resource endowment with exploration upside and multiple growth levers. The price target is based on 0.60x NAVPS, National Bank said in a note on Tuesday.

I-80 provided a progress update on its project development plan across its portfolio in Nevada. The company aims to complete a feasibility study for the Lone Tree autoclave processing facility in the fourth quarter. The company is also targeting completion of a feasibility study for the Granite Creek underground project in the first quarter of 2026. A feasibility study on the Archimedes underground project is expected in the first half of 2027.

In addition, I-80 plans to complete a feasibility study for the Cover underground project in the first quarter of 2026. I-80 is also advancing studies on the Granite Creek open pit and the Mineral Point open pit at the Ruby Hill property.

I-80's share price fell 2.3% at last look to $0.84 on the TSX.

Price: 0.83, Change: -0.03, Percent Change: -3.49

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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