お知らせ • Feb 13

I-80 Gold Corp. Announces Positive Updated Preliminary Economic Assessment on the Cove Project, Nevada

i-80 Gold Corp. announced the results of an updated preliminary economic assessment (the ‘2025 PEA’ or the ‘Study’) for the Cove Project (‘Cove’ or the ‘Project’), an advanced underground exploration project located on the Battle Mountain-Eureka Trend in Northern Nevada, United States. The 2025 PEA confirms that the high-grade Cove Project has the potential to become a key component of the Company's regional ‘hub-and-spoke’ mining and processing strategy. Mineral Estimates, Production and Mine Life: Underground gold mine with a life of mine (‘LOM’) of approximately 8 years. Average annual gold production of approximately 100,000 ounces of gold following ramp up. Estimated LOM cash costs(1) of $1,194 per ounce and all-in-sustaining costs(1) of $1,303 per ounce. Updated mineral resource estimate resulting in an indicated gold mineral resource of 311,000 oz at 8.2 grams per tonne (‘g/t’) and an inferred gold mineral resource of 1.16 Moz at 8.9 g/t. The current infill drill program conducted over the past two years is not included in the 2025 PEA, however, all drill results will be included in the feasibility study targeted for completion in the fourth quarter 2025. Several underground exploration targets to be followed up in the coming years to potentially extend the mine life beyond the current 8 years. Mining and Processing: Mining to use a combination of cut-and-fill and bench-and-fill methods unchanged from the previous study. Nearly 60% of the material mined is anticipated to be processed at i-80 Gold's Lone Tree autoclave facility and the remainder processed at a third-party roasting facility with whom the Company has an established contract. Average gold grade processed of 10.4 g/t with an average gold recovery of 86% (autoclave) and 79% (roaster). Mineral Resource Update: The 2025 PEA is based on a revised resource model with no additional drilling results included, relative to the 2021 PEA. The updated resource estimate has been calculated using stope optimizer software, whereas the previous mineral resource was not. The new methodology generates optimal mineable stope geometries while considering several factors including geological constraints, grade distribution and stope dimensions. This significantly improves the accuracy of mineral resource estimates and has become an industry standard for underground deposits in Nevada. The updated mineral resource estimate includes a total of 311,000 ounces of gold at 8.2 g/t Au in the indicated category and 1,156,000 ounces of inferred resources at 8.9 g/t in the inferred category. The majority of the indicated resource is currently hosted in the Helen deposit. The updated estimate resulted in additional mineralized body constraints resulting in indicated and inferred tonnes decreasing by 6% and 13% respectively. Moreover, gold ounces decreased by 20% in the indicated and inferred categories, however the updated mineral resource represents more mineable shapes than the prior resource estimate. The ongoing Cove drilling program has been designed to infill mineralization in the Helen and Gap zones ahead of a planned feasibility study in 2025. The Project offers substantial exploration potential as the bulk of the work completed to date has been focused on the main deposit areas only. Exploration from 2014 through 2019 resulted in the identification of several new zones of mineralization that have received minimal follow-up, including mineralization in the 2201 zone (153,000 tonnes at 26.7 g/t Au) beneath the Cove pit. Project Overview: The Project is located 25 miles southwest of the town of Battle Mountain, in the McCoy mining district in the Fish Creek Mountains of Lander County, Nevada. The Cove deposit was mined by Echo Bay Mines Ltd. (Echo Bay) between 1988 and 2000 during which period the Cove deposit produced 2.6 million ounces of gold and 100 million ounces of silver. Gold and silver production from heap leach pads continued until 2006. The Project benefits from extensive historical geological datasets, its location in a jurisdiction with deep mining pedigree, and access to both local and regional infrastructure, including proximity to paved highways, electrical power, pre-existing mine infrastructure, and a skilled labor force. i-80 Gold's predecessor purchased the Cove project in 2012 and has since conducted significant exploration and infill drilling, metallurgical testing, and has advanced the permitting process. The Company expects to begin expending development capital, primarily for dewatering activities in late 2027 or early 2028 and for production to ramp up during 2029. Geology and Mineralization: The Cove deposit consists of Helen, Gap, CSD, and 2201 zones. They are located beneath the historically mined Cove open pit and extend approximately 2,000 feet northwest from the pit. The current mine plan includes Helen and Gap while CSD and 2021 could be included in a future mine plan, subject to the completion of additional technical work. Three main types of mineralization occur at Cove. The Helen and Gap zones are Carlin-style disseminated refractory gold deposits. The Cove South Deep (CSD) gold and silver mineralization is similar in character to that at Helen and Gap but is characterized by silver to gold ratios of 50:1 to over 100:1. The 2201 zone is comprised of disseminated sulfides within sheeted stockwork veins and massive sulfide lenses replacing carbonate. Both styles of mineralization in the 2201 zone contain locally high concentrations of lead and zinc in addition to gold and silver. Structural controls on mineralization include the broad, gently southeast-plunging Cove anticline, several northeast striking dike-filled normal faults (Cay, Blasthole, Bay, 110, Gold Dome), mafic sills, and rheology contrasts. Although most well-known Carlin-type deposits are hosted in Paleozoic slope and shelf carbonates, host rocks at Cove are silty to massive limestones and dolomites of the Triassic Star Peak Group. Limestone and silty limestone of the Favret Formation (approximately 700 feet thick) are the primary host for Carlin- style mineralization, and the Dixie Valley Formation conglomerates are the primary host of polymetallic vein mineralization in the 2201 zone. Mining and Processing: The Study demonstrates an initial 8-year mine life with average annual gold production of approximately 100,000 ounces of gold following ramp up. The Study represents a preliminary point-in-time estimate of the mine plan. Once underground infrastructure is constructed a significant exploration program is planned to follow up on earlier positive drill results in a more cost-effective manner with a goal of extending the mine life beyond the current 8 years. The high-grade mine will be accessed by a single ramp extending from the surface (elevation 4,625 ft) to the lowest extent of planned mining (elevation 3,430 ft).

Metals and Mining 収益成長	10.8%
収益成長率	48.2%
将来の株主資本利益率	45.56%
アナリストカバレッジ	Low
最終更新日	27 Aug 2026

日付	収益	収益	フリー・キャッシュフロー	営業活動によるキャッシュ	平均アナリスト数
12/31/2028	675	259	-5	295	4
12/31/2027	379	-18	-268	28	4
12/31/2026	193	-193	-316	-188	2
6/30/2026	130	-259	-186	-144	N/A
3/31/2026	134	-236	-127	-106	N/A
12/31/2025	95	-199	-93	-84	N/A
9/30/2025	97	-131	-64	-59	N/A
6/30/2025	77	-132	-69	-67	N/A
3/31/2025	56	-143	-82	-80	N/A
12/31/2024	50	-122	-85	-83	N/A
9/30/2024	53	-160	-81	-97	N/A
6/30/2024	55	-121	-84	-88	N/A
3/31/2024	59	-96	-88	-80	N/A
12/31/2023	55	-90	-95	-77	N/A
9/30/2023	41	-97	-112	-59	N/A
6/30/2023	44	-104	-105	-45	N/A
3/31/2023	39	-69	-106	-48	N/A
12/31/2022	37	-79	-98	-46	N/A
9/30/2022	25	86	-87	-48	N/A
6/30/2022	9	86	-80	-60	N/A
3/31/2022	3	57	-48	-36	N/A
12/31/2021	N/A	77	-42	-13	N/A
9/30/2021	N/A	-31	-19	13	N/A
6/30/2021	-19	-27	0	32	N/A
3/31/2021	-10	-17	-12	17	N/A
12/31/2020	N/A	-12	-3	5	N/A
9/30/2020	9	-7	-1	9	N/A
12/31/2019	10	-8	N/A	56	N/A
12/31/2018	28	3	N/A	40	N/A
12/31/2017	87	0	N/A	-7	N/A

データ	最終更新日（UTC時間）
企業分析	2026/09/15 03:38
終値	2026/09/15 00:00
収益	2026/06/30
年間収益	2025/12/31

パッケージ	データ	タイムフレーム	米国ソース例
会社財務	10年	損益計算書キャッシュ・フロー計算書貸借対照表	SECフォーム10-K SECフォーム10-Q
アナリストのコンセンサス予想	+プラス3年	予想財務アナリストの目標株価	アナリストリサーチレポート Blue Matrix
市場価格	30年	株価配当、分割、措置	ICEマーケットデータ SECフォームS-1
所有権	10年	トップ株主インサイダー取引	SECフォーム4 SECフォーム13D
マネジメント	10年	リーダーシップ・チーム取締役会	SECフォーム10-K SECフォームDEF 14A
主な進展	10年	会社からのお知らせ	SECフォーム8-K

アナリスト	機関
Richard Gray	ATB Cormark
Carey MacRury	Canaccord Genuity
Vitaly Kononov	Freedom Broker

i-80 Gold 将来の成長

Future 基準チェック /66

主要情報

今後の成長に関する最新情報

Forecast breakeven date moved forward to 2027

Forecast breakeven date pushed back to 2028

Forecast breakeven date pushed back to 2027

Forecast to breakeven in 2027

Forecast to breakeven in 2027

Forecast to breakeven in 2027

Recent updates

President recently bought US$1.6m worth of stock

Second quarter 2026 earnings released: US$0.061 loss per share (vs US$0.05 loss in 2Q 2025)

Now 20% undervalued

I-80 Gold Provides Update on Lone Tree Plant Refurbishment Project Remains on Schedule and on Budget

i-80 Gold Corp. to Report Q2, 2026 Results on Aug 10, 2026

I-80 Gold Corp. Approves Board Changes

Forecast breakeven date moved forward to 2027

First quarter 2026 earnings released: US$0.094 loss per share (vs US$0.096 loss in 1Q 2025)

i-80 Gold Corp. to Report Q1, 2026 Results on May 12, 2026

i-80 Gold Corp., Annual General Meeting, Jun 23, 2026

Forecast breakeven date pushed back to 2028

I-80 Gold Corp Reports High-Grade Assay Results At Archimedes Underground Project

New major risk - Financial position

President recently bought US$1.4m worth of stock

Forecast breakeven date pushed back to 2027

High number of new directors

Full year 2025 earnings released: US$0.30 loss per share (vs US$0.34 loss in FY 2024)

i-80 Gold Corp. to Report Q4, 2025 Results on Feb 19, 2026

i-80 Gold Corp. Announces Board Changes, Effective February 1, 2026

i-80 Gold Reports New High-Grade Assay Results Reinforcing Resource Expansion Potential At Granite Creek Underground Project

Third quarter 2025 earnings released: US$0.051 loss per share (vs US$0.11 loss in 3Q 2024)

i-80 Gold Corp. Announces High-Grade Mineral Resource Estimate for the FAD Project and Confirms Near-Surface Oxide Mineralization

i-80 Gold Corp. to Report Q3, 2025 Results on Nov 13, 2025

i-80 Gold Corp. Announces Resignation of Eva Bellissimo from Board of Directors, Effective October 31, 2025

Forecast to breakeven in 2027

Forecast to breakeven in 2027

New major risk - Financial position

Forecast to breakeven in 2027

i-80 Gold Corp. to Report Q2, 2025 Results on Aug 13, 2025

i-80 Gold Corp. announced that it has received $11.12 million in funding

i-80 Gold Corp. has completed a Composite Units Offering in the amount of $160 million.

i-80 Gold Corp. Announces Executive Changes, Effective April 30, 2025

i-80 Gold Corp., Annual General Meeting, Jun 17, 2025

i-80 Gold Corp. Announces Executive Changes

i-80 Gold Corp. Auditor Raises 'Going Concern' Doubt

i-80 Gold Corp. announced delayed annual 10-K filing

Full year 2024 earnings released: US$0.34 loss per share (vs US$0.24 loss in FY 2023)

I-80 Gold Announces Positive Preliminary Economic Assessment on the Granite Creek Underground Project, Nevada

i-80 Gold Announces Positive Preliminary Economic Assessment on the Mineral Point Open Pit Project, Nevada

I-80 Gold Corp. Announces Positive Updated Preliminary Economic Assessment on the Cove Project, Nevada

i-80 Gold Corp. has filed a Follow-on Equity Offering in the amount of $10 million.

New major risk - Shareholder dilution

Greg Smith Steps Down from I-80 Gold's Board of Directors

New minor risk - Profitability

CEO & Director recently bought US$491k worth of stock

Third quarter 2024 earnings released: US$0.098 loss per share (vs US$0.015 loss in 3Q 2023)

CEO & Director recently bought US$762k worth of stock

i-80 GOLD CORP Announces Chief Executive Officer Changes

New minor risk - Share price stability

i-80 Gold Corp. has filed a Follow-on Equity Offering in the amount of $50 million.

Second quarter 2024 earnings released: US$0.10 loss per share (vs US$0.06 loss in 2Q 2023)

i-80 Gold Corp. Approves to Elect Cassandra Joseph as Director

i-80 Gold Corp. to Report Q1, 2024 Results on May 14, 2024

i-80 Gold Corp. has completed a Composite Units Offering in the amount of CAD 100.00155 million.

i-80 GOLD CORP. Announces High-Grade Results from Underground Drilling at Cove

i-80 Gold Corp., Annual General Meeting, May 14, 2024

i-80 GOLD CORP. Announces Additional Results from 2023 Drilling in Helen Zone That Include Some of Best Results Receives To-Date from Underground Drilling Program at its 100%-Owned McCoy-Cove Property Located in Lander County, Nevada

I-80 Gold Announces High-Grade Results from Underground Drilling at Cove

i-80 Gold Corp. announced that it expects to receive CAD 18 million in funding

I-80 Gold Reports High-Grade Drill Results from the Fad Deposit At Ruby Hill

i-80 Gold Announces High-Grade Results from Hilltop Drilling At Ruby Hill

i-80 Gold Corp. Provides an Update on the Company's Exploration and Development Programs at its Granite Creek, Ruby Hill, McCoy-Cove and Lone Tree Properties

i-80 Gold Corp. Releases High-Grade Results from Underground Drilling At Granite Creek Including 31.1 G/T Au over 21.9 M, 37.9 G/T Au over 21.,6 M

i-80 Gold Corp. Reports Continued High-Grade Poly-Metallic Results from the Ongoing Drill Program at the Ruby Hill Property Located in Eureka County, Nevada

I-80 Gold Corp. Announces Positive Results from Ongoing Underground Drilling At the Company's 100%-Owned McCoy-Cove Property Located in Lander County, Nevada

An unknown buyer entered into a non-binding term sheet to acquire a minority interest in Ruby Hill Property in Eureka County, Nevada from i-80 Gold Corp. (TSX:IAU).

i-80 Gold Corp. Provides Granite Creek Development and Exploration Update

i-80 Gold Corp. Announces High-Grade Results from Drilling at Ruby Hill Property Located in Eureka County, Nevada

i-80 Gold Corp. Announces New High-Grade Results from Underground Drilling At Cove