TSX:IAUMetals and Mining
i-80 Gold (TSX:IAU) Is Up 10.3% After Ending Vox Offtake And Advancing Archimedes Underground Project
I-80 Gold Corp. recently terminated its gold offtake agreement with Vox Royalty by issuing 3,453,237 shares valued at about US$4.8 million, removing a fixed obligation to deliver up to 40,000 ounces of gold per year from Granite Creek and Ruby Hill through 2028.
Alongside this, the company reported high-grade infill drill results and on-schedule development at the Archimedes underground project, which could enhance future mine planning flexibility and the use of its Lone Tree processing...