https://www.engineeringnews.co.za
Aggregate|Business|Gold|Infrastructure
Aggregate|Business|Gold|Infrastructure
aggregate|business|gold|infrastructure

i-80 Gold completes transaction with Nevada Gold Mines

15th October 2021

By: Creamer Media Reporter

     

Font size: - +

Nevada-focused i-80 Gold is ready to embark on an “aggressive” growth path, executive VP business and corporate development Matthew Gollat said on Thursday, as the miner announced the completion of asset exchange transactions with Nevada Gold Mines (NGM).

The company acquired from NGM, by way of an asset exchange, the  Lone Tree and Buffalo Mountain gold deposits and certain processing infrastructure, including an autoclave, in consideration for certain assets.

"Becoming one of only three companies in Nevada with infrastructure to process refractory mineralisation, i-80 has gained a strategic advantage for long-term mine development,” said Gollat.

Furthermore, a toll processing agreement with NGM is a key component to the transaction, by providing the ability to process ore from Granite Creek, McCoy-Cove and Ruby Hill as they are developed, while we are retrofitting the Lone Tree autoclave.

The company also announced that it had closed a concurrent non-brokered private placement, having sold an aggregate of 39 041 515 common shares in the capital of the company at C$2.62 a share, for gross proceeds of about C$102.29-million.

Edited by Creamer Media Reporter

Comments

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.109 0.165s - 160pq - 2rq
Subscribe Now