i-80 Gold (IAU) Mining Forum Americas 2026 summary

Resource and reserve growth

• Reserve base expected to grow from 0.5 million ounces to 7.5–10 million ounces by end of next year, with underground mines averaging 8–9 g/t and open pits offering strong economics.

• Asset base projected to support annual production of 500,000–600,000 ounces into the 2050s, underpinned by a three-phase growth plan.

• Granite Creek underground resource doubled in size, with 600,000 ounces in reserve and 1.2 million ounces in resource, and ongoing drilling expected to further expand resources.

Development and production plans

• Three-phase growth plan underway, with Phase 1 on schedule and on budget; Phase 2 and 3 sequencing likely to be flipped to maximize value.

• Granite Creek and Archimedes underground mines to fill Lone Tree plant through 2040, with Archimedes resource and reserve base expected to grow as drilling continues.

• Mineral Point targeting permitting by end of 2028, construction and production by end of 2030, with a 17-year mine life and 280,000 ounces/year at $1,400 AISC.

Financial outlook and valuation

• Over $1.1 billion raised in recapitalization, with fully diluted market cap at $2 billion and projected NAV of $8–10 billion at current gold prices after technical reports next year.

• Granite Creek Feasibility Study confirms conservative estimates, with potential cost reductions and significant upside as drilling continues.

• Mineral Point PEA shows $2.3 billion NAV at $3,000 gold, with ongoing drilling expected to materially increase resource size.