RENO,
Nev., May 24, 2023 /CNW/ - i-80 GOLD
CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the
"Company") is pleased to announce that, according to a
preliminary list of additions posted on May
19, 2023, it is set to join the broad-market Russell
3000® and Russell Microcap®
Indexes at the conclusion of the 2023 Russell indexes annual
reconstitution, effective after the US market opens on June 26.
Annual Russell indexes reconstitution captures the 4,000 largest
US stocks as of April 28, ranking
them by total market capitalization. Membership in the US all-cap
Russell 3000® Index, which remains in place for
one year, means automatic inclusion in the large-cap Russell
1000® Index or small-cap Russell
2000® Index as well as the appropriate growth and
value style indexes. FTSE (Financial Times Stock Exchange) Russell
determines membership for its Russell indexes primarily by
objective, market-capitalization rankings and style attributes.
"Inclusion in the Russell 3000® index
validates our strategy to create a US listed, entirely US-focused
gold and polymetallic exploration, development and production
company.", stated Matthew Gollat,
Executive Vice-President at i-80 Gold Corp., "i-80's trading
volumes on the NYSE are consistently growing and these index
additions will provide broader market access to the Company."
Chief Executive Officer, Ewan
Downie said, "When we launched i-80 just over two years ago,
we implemented a strategy to build one of the largest US-focused
mining companies. This strategy included a goal to list on the New
York Stock Exchange, that was achieved last year, and a target to
grow liquidity, access to capital, and market value for our
shareholders. Inclusion in Russell
indexes is a significant step towards the realization of this
target."
Russell indexes are widely used
by investment managers and institutional investors for index funds
and as benchmarks for active investment strategies. Approximately
$12.1 trillion in assets are
benchmarked against Russell's US
indexes that are part of FTSE Russell, a leading global index
provider.
For more information on the Russell 3000® Index and the
Russell indexes reconstitution, go
to the "Russell Reconstitution" section on the FTSE Russell
website.
About i-80 Gold Corp:
i-80 Gold Corp. is a Nevada-focused mining company with a goal of
achieving mid-tier gold producer status through the development of
multiple deposits within the Company's advanced-stage property
portfolio with processing at i-80's centralized milling facilities.
i-80 Gold's common shares are listed on the TSX and the NYSE
American under the trading symbol IAU:TSX and IAUX:NYSE. Further
information about i-80 Gold's portfolio of assets and long-term
growth strategy is available at www.i80gold.com or by email at
info@i80gold.com.
About FTSE Russell:
FTSE Russell is a global index leader that provides innovative
benchmarking, analytics and data solutions for investors worldwide.
FTSE Russell calculates thousands of indexes that measure and
benchmark markets and asset classes in more than 70 countries,
covering 98% of the investable market globally.
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately
$20.1 trillion is currently
benchmarked to FTSE Russell indexes. For over 30 years, leading
asset owners, asset managers, ETF providers and investment banks
have chosen FTSE Russell indexes to benchmark their investment
performance and create ETFs, structured products and index-based
derivatives.
A core set of universal principles guides FTSE Russell index
design and management: a transparent rules–based methodology is
informed by independent committees of leading market participants.
FTSE Russell is focused on applying the highest industry standards
in index design and governance and embraces the IOSCO Principles.
FTSE Russell is also focused on index innovation and customer
partnerships as it seeks to enhance the breadth, depth and reach of
its offering.
FTSE Russell is wholly owned by London Stock Exchange Group.
For more information on Russell Indexes, visit
www.ftserussell.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, the final
inclusion in the Russell 3000® and
Russell Microcap® Indexes, the strategy to build one of the largest
US-focused mining companies and grow liquidity, access to capital,
and market value for our shareholders. 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.
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SOURCE i-80 Gold Corp