i-80 Gold’s (TSX:IAU) CEO, Ewan Downie, sat down with Sonia Madigan from The Market Herald to talk about the first gold ore shipment out of Granite Creek.
According to the company, it is currently processing the ore at Nevada Gold Mine’s facility, which is an interim processing facility for i-80 over the next two years as it retrofits its hub site,
Lone Tree, for its needs.
The company stated that Granite Creek is only just entering production but is looking to be prolific as recent assay results from the property showed consistent high grades of gold. These results helped the company expand its new high-grade South Pacific Zone.
Downie stated there is some concern about keeping the company’s execution on time and staying on top of logistics. Like most companies, i-80 is always looking at financing needs, though it has US$150 million in cash, keeping it well-funded for future programs.
The company has the opportunity to develop four gold deposits over the next three years. When combined with all other deposits, 1-80 expects 6.5 million ounces of gold measured and indicated over 8 million ounces of gold inferred.
Downie believes there has never been a better time for gold due to inflation and a limited resource quantity. He sees gold as an essential investment over the short term due to excess money printing and devaluing fiat currency.