i-80 Gold Terminates Legacy Offtake Deal to Capture Market Pricing

The settlement resolves a legacy contract that required the miner to sell up to 40,000 ounces of refined gold annually through 2028 at prices dictated by a specific lookback window. Under the new terms, i-80 Gold will issue 3.5 million shares, valued at roughly $4.8 million, to Vox Royalty to finalize the exit. This separation grants the company the commercial freedom to manage its gold reserves according to prevailing market conditions and provides the necessary leeway to begin stockpiling ore ahead of the planned commissioning of its Lone Tree plant.

Originally established in 2016 and inherited during the 2020 spinoff from Premier Gold Mines, the agreement had become a constraint on the company’s objective to emerge as a mid-tier producer. With significant holdings at Granite Creek and Ruby Hill, i-80 Gold is now positioned to pivot its sales strategy while navigating a volatile commodities market that has seen gold prices pull back from earlier record highs.