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The latest announcement is out from i-80 Gold Corp ( (TSE:IAU) ).
On May 16, 2025, i-80 Gold Corp. announced the closing of a bought deal public offering, raising US$172,880,000 by issuing 345,760,000 units. This offering, alongside an anticipated private placement, is expected to generate US$184,000,000 in total, which will be used for growth expenditures and general corporate purposes, supporting the company’s development plan in Nevada.
The most recent analyst rating on (TSE:IAU) stock is a Buy with a C$1.75 price target. To see the full list of analyst forecasts on i-80 Gold Corp stock, see the TSE:IAU Stock Forecast page.
Spark’s Take on TSE:IAU Stock
According to Spark, TipRanks’ AI Analyst, TSE:IAU is a Underperform.
i-80 Gold Corp’s overall score is heavily impacted by its financial instability and unfavorable valuation. While technical indicators point to a bearish trend, recent strategic developments and financing efforts provide some potential for future improvement. However, the current risks and challenges outweigh the positive outlook, leading to a low overall score.
To see Spark’s full report on TSE:IAU stock, click here.
More about i-80 Gold Corp
i-80 Gold Corp. is a Nevada-focused mining company aiming to become a mid-tier gold producer through its development plan. It holds a significant portfolio of high-grade exploration projects and one operational project in Nevada, leveraging a hub-and-spoke mining and processing strategy.
Average Trading Volume: 715,519
Technical Sentiment Signal: Sell
Current Market Cap: C$305.9M
See more insights into IAU stock on TipRanks’ Stock Analysis page.