i-80 Gold CEO Increases Share Ownership to More than 5 Million Shares

i-80 Gold CEO Increases Share Ownership to More than 5 Million Shares

i-80 Gold Corp. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company") notes that that its CEO, Ewan Downie has reported on System for Electronic Disclosure by Insiders (SEDI) recent purchases of common shares of the Company through open market purchases on the Toronto Stock Exchange to increase his share ownership to 5,000,027 or 2.09%.

Since the Company commenced trading on April 14, 2021 , Mr. Downie has purchased more than 1.4 million shares of i-80 to reach an ownership milestone rarely held by executives of publicly traded companies in the mining sector.

"Since the inception of the Company less than one year ago, we have closed multiple major transactions that position i-80 as one of the largest holders of gold and silver resources in Nevada ", stated Ewan Downie , Chief Executive Officer of i-80. "We have secured a strong balance sheet including nearly US$200 Million in cash and cash equivalents following funding of the previously announced financing package and have embarked on a peer-best production growth initiative in the world's most favorable mining jurisdiction".

About i-80 Gold Corp.

i-80 Gold Corp. is a well-financed, Nevada -focused, mining company with a goal of achieving mid-tier gold producer status through the development of four new open pit and underground mining operations that will ultimately process ore at the Company's centrally located Lone Tree complex that includes an Autoclave.

www.i80gold.com

Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including but not limited to, commencement of trading of i-80 Gold on the Toronto Stock Exchange and completion of the acquisition of the Getchell Project. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the Company's current expectations regarding future events, performance and results and speak only as of the date of this release.

Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/i-80-gold-ceo-increases-share-ownership-to-more-than-5-million-shares-301456889.html

SOURCE i-80 Gold Corp

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/January2022/10/c8993.html

News Provided by Canada Newswire via QuoteMedia

IAU:CA
The Conversation (0)
i-80 Gold Continues to Expand "South Pacific Zone" at Granite Creek

i-80 Gold Continues to Expand "South Pacific Zone" at Granite Creek

New Results Include 25.5 g/t Au over 5.5 m , 11.0 g/t Au over 9.1 m & 17.2 g/t Au over 4.2 m i-80 Gold Corp. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company") is pleased to announce that continued drilling was successful in further delineating a new high-grade horizon, the South Pacific Zone... Keep Reading...
i-80 Gold Awards Contract for Lone Tree Autoclave Engineering Study

i-80 Gold Awards Contract for Lone Tree Autoclave Engineering Study

Bolsters Nevada Operation Team with Multiple Key Hires i-80 Gold Corp. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company") is pleased to announce it has awarded the engineering study for restart of the Lone Tree autoclave to Hatch Ltd. The study will complete a Pre-Feasibility Study ("PFS")... Keep Reading...
i-80 Launches Comprehensive Plan to Create Nevada Focused Gold Mining Company

i-80 Launches Comprehensive Plan to Create Nevada Focused Gold Mining Company

All currencies expressed as United States dollars unless otherwise stated i-80 Gold Corp. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company") is pleased to announce its development plans for 2022 - a catalyst-rich year as the Company commences its plans to build a comprehensive Nevada mining... Keep Reading...
i-80 Enters into US$135 Financing Package for Nevada-Focused Mining Complex

i-80 Enters into US$135 Financing Package for Nevada-Focused Mining Complex

All currencies expressed as United States dollars unless otherwise stated i-80 Gold Corp. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company") is pleased to announce the signing of definitive agreements in connection with the previously announced financing package for aggregate proceeds of $135... Keep Reading...
i-80 Gold Announces C$12,576,000 Top-Up Subscription by Equinox Gold

i-80 Gold Announces C$12,576,000 Top-Up Subscription by Equinox Gold

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES / i-80 Gold Corp. (TSX: IAU) (OTCQX: IAUCF) ("i-80", or the "Company") is pleased to confirm that Equinox Gold Corp. (" Equinox ") has exercised its right under the support agreement (the " Agreement ") dated April 7,... Keep Reading...
Silver and gold coins stacked, one 2015 coin in focus.

Gold Price Breaks US$3,900; Silver Above US$48, Platinum Over US$1,600

Gold continued to set new records on Monday (October 6), breaking US$3,900 per ounce. After spending the summer months consolidating, the yellow metal began pushing higher toward the end of August. It quickly reached US$3,500 and continued on up, rising as high as US$3,972.60 on on Monday. The... Keep Reading...
Three gold bars on price chart with magnifying glass.

What Was the Highest Price for Gold?

Gold has long been considered a store of wealth, and the price of gold often makes its biggest gains during turbulent times as investors look for cover in this safe-haven asset.The 21st century has so far been heavily marked by episodes of economic and sociopolitical upheaval. Uncertainty has... Keep Reading...
Gold bars and rising graph; "5 Top Canadian Mining Stocks This Week" text overlay.

Top 5 Canadian Mining Stocks This Week: Prospector Metals Gains 356 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.The big event impacting markets this week was the shutdown of the US government. Although... Keep Reading...
Gold nugget, stock chart,and US flag with "Weekly Editor's Picks" text.

Editor's Picks: Gold Price Sets Sights on US$3,900, Silver Breaks US$48

The gold price continued to move this week, approaching the US$3,900 per ounce level and setting a fresh all-time high on the back of a US government shutdown.The closure came after Congress failed to reach an agreement on a spending bill ahead of the new American fiscal year, which began on... Keep Reading...
Gold "M&A" letters on textured wood background with lighting effects.

Minera Alamos Closes Nevada Mine Acquisition, Expands US Gold Footprint

Minera Alamos (TSXV:MAI,OTCQX:MAIFF) has completed its purchase of the Pan gold mine and two development-stage projects in Nevada from Equinox Gold (TSX:EQX,NYSEAMERICAN:EQX).The Toronto-based company said Wednesday (October 1) that it closed the previously announced transaction to acquire the... Keep Reading...
Option Exercise Nets $2.3M to Expand Exploration at Pinjin

Option Exercise Nets $2.3M to Expand Exploration at Pinjin

Kalgoorlie Gold Mining (KAL:AU) has announced Option exercise nets $2.3M to expand exploration at PinjinDownload the PDF here. Keep Reading...

Latest Press Releases

Related News