I-80 Gold Granite Creek mine feasibility study shows $118 mln NPV at $2,750/oz gold

I-80 Gold released a feasibility study for the Granite Creek Underground gold mine in Nevada, outlining initial proven and probable reserves of 556,500 oz. Base case at USD 2,750/oz gold shows after-tax NPV(5%) of USD 118 million; undiscounted after-tax cash flow of USD 153 million. Sensitivity at USD 4,500/oz gold lifts after-tax NPV(5%) to USD 598 million; undiscounted after-tax cash flow to USD 744 million. Mine life estimated at 8.5 years; steady-state output averages about 75,000 oz annually from 2028-2032, following Lone Tree plant commissioning. Five-year steady-state cash costs