🏗️ i‑80 Gold Secures $500M to Fund Nevada Expansion
Key Facts:
The company has secured a $500 million financing package to support its Nevada gold development plan — one of the biggest recent financings in the U.S. gold sector.
The package includes a $250 million royalty deal with Franco‑Nevada and an up-to-$250 million gold prepayment facility, boosting funding beyond $800 million with past equity raises.
Plans aim to grow annual production from ~50,000 oz today to ~300,000-400,000 oz with Phases 1–2, eventually targeting 600,000 oz+ as a mid-tier producer by the early 2030s.
Why It Matters:
The funding not only backs expansion and development of multiple Nevada gold projects but also reduces debt obligations, strengthening the company’s balance sheet.
Shares jumped to multi-year highs on the financing news, reflecting investor confidence in execution and gold’s long-term appeal.
Expert Insight:
Heavy institutional backing like this signals growing confidence in U.S. gold mining assets, particularly as gold prices remain elevated and global economic uncertainty persists.
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