i-80 Gold Corp. Announces Toll Milling and Ore Sales Agreements
Reno, Nevada, March 19, 2025 – i-80 Gold Corp. (IAU on TSX and IAUX on NYSE, “i-80 Gold,” or the “Company”), is thrilled to announce the finalization of two significant agreements that will bolster the Company’s operations and revenue streams. These agreements are for toll milling and ore sales, respectively.
Toll Milling Agreement
Under the toll milling agreement, i-80 Gold will send its ore to a third-party processor for processing. The processor will extract the gold and other valuable minerals from the ore and return the processed gold-bearing material back to i-80 Gold. This arrangement allows i-80 Gold to access advanced processing technology and expertise without having to invest in and maintain its own processing facilities.
Ore Sales Agreement
The ore sales agreement pertains to the sale of refractory and oxide material to a third-party buyer. Refractory material is a type of ore that is difficult to process due to its high silica content, while oxide material is more readily processable. By selling these materials, i-80 Gold can generate additional revenue streams and reduce its operational costs by eliminating the need to transport these materials to its own processing facilities.
Impact on i-80 Gold
These agreements have several potential benefits for i-80 Gold. By outsourcing the processing of its ore, the Company can focus on its core competencies, which include exploration, drilling, and mining. Additionally, the toll milling agreement allows i-80 Gold to access advanced processing technology and expertise, which could lead to higher gold recoveries and increased profitability. The ore sales agreement, meanwhile, provides the Company with an additional revenue stream and cost savings.
Impact on the World
The mining industry is a significant contributor to the global economy, and the i-80 Gold’s agreements demonstrate the ongoing innovation and collaboration within the sector. The toll milling agreement highlights the trend towards outsourcing processing, which can lead to cost savings and increased efficiency for smaller mining companies. The ore sales agreement, on the other hand, underscores the importance of waste material in the mining process and the potential for creating new revenue streams from these materials.
Conclusion
i-80 Gold’s announcement of its toll milling and ore sales agreements represents a strategic move that will enable the Company to focus on its core competencies while leveraging the expertise and technology of third-party processors. These agreements also demonstrate the evolving nature of the mining industry, with a growing emphasis on collaboration, innovation, and the pursuit of new revenue streams. As i-80 Gold continues to explore, drill, and mine, it is poised to benefit from these agreements and the opportunities they present.
- i-80 Gold has finalized two agreements for toll milling and ore sales.
- The toll milling agreement allows i-80 Gold to access advanced processing technology and expertise without having to invest in its own facilities.
- The ore sales agreement provides the Company with an additional revenue stream and cost savings by eliminating the need to transport refractory and oxide materials to its own processing facilities.
- These agreements demonstrate the ongoing innovation and collaboration within the mining industry, with a growing emphasis on outsourcing processing, creating new revenue streams, and reducing operational costs.
