National Bank of Canada Maintains Outperform Rating for I-80 Gold with $2 Price Target

I-80 Gold maintained its Outperform rating and $2 price target at National Bank of Canada.

i-80 Gold Corp. (TSX: IAU, NYSE American: IAUX) has provided an update on its new development plan, which aims to advance the company's Nevada gold projects and establish a mid-tier gold producer. The company reported steady progress in the first quarter of 2025, releasing Preliminary Economic Assessments (PEAs) for five key projects. The new development plan includes the Granite Creek Underground, Lone Tree Autoclave Processing Facility, Archimedes Underground, Cove Underground, Granite Creek Open Pit, and Mineral Point Open Pit projects.

The company's Chief Operating Officer, Paul Chawrun, highlighted the progress made in laying the groundwork for bringing the industry-leading pipeline of high-grade projects into production. Drilling is underway across several key properties, with feasibility studies and permitting efforts advancing simultaneously. The Granite Creek Underground project, for instance, is progressing ramp-up activities towards steady state production, while the Lone Tree Autoclave Processing Facility's refurbishment study is ongoing. The company is also preparing for the initial development of the underground exploration drift at Archimedes Underground and has completed infill drilling at Cove Underground.

The National Bank of Canada maintains an Outperform rating for i-80 Gold Corp. with a $2 price target. The bank's analysts noted the company's strategic positioning in Nevada's prolific gold-producing trends and the potential for significant production growth. The company's fully permitted central processing facility, following an anticipated refurbishment, will support a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth.

The company's shares are listed on the Toronto Stock Exchange (TSX: IAU) and the NYSE American (NYSE American: IAUX). For more information, visit www.i80gold.com.

References:
[1] https://www.i80gold.com/i-80-gold-provides-progress-update-on-its-new-development-plan/
[2] https://www.marketscreener.com/quote/stock/I-80-GOLD-CORP-121357163/news/I-80-Gold-Corp-Provides-Progress-Update-on-Its-New-Development-Plan-50457648/