RENO,
Nev., Sept. 18, 2024 /PRNewswire/ - i-80
GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the
"Company") is pleased to announce that Mr. Richard Young has been appointed as Chief
Executive Officer and a director effective immediately, succeeding
Ewan Downie following his retirement
as CEO.
This appointment completes the previously announced succession
process. Mr. Downie will also step down as a director of the
Company and will continue as an advisor to the Company.
Mr. Young brings extensive financial, development and
operational experience to i-80, having previously held senior
positions at multiple companies, with increasing responsibilities,
over the past several decades. He brings strong experience in
Nevada including operational
positions with Barrick Gold at its Goldstrike Mine, one of the
largest gold mines in North
America. Richard was the founder and CEO of Teranga Gold
Corporation, playing a key role in its transformation from a single
asset producer into a successful low-cost, mid-tier gold producer
that was ultimately acquired by Endeavour Mining PLC in 2021 for
more than C$2.5 billion. Most
recently, Mr. Young served as President and CEO of Argonaut Gold
which was acquired by Alamos Gold Inc. in July of 2024.
During his career, Mr. Young has been responsible for
implementing award-winning sustainability programs and received the
2008 and 2017 PDAC Sustainability Award, and the 2020 UN Global
Compact Canada SDG Accelerator Award.
"I am excited to join i-80, owner of the largest gold and silver
resource base in the United
States, not owned by a senior gold company. Ewan and the
team have assembled an incredible group of projects, that
collectively have the potential to create a United States mid-tier gold producer over the
next few years. Our focus in the short term will be to more fully
assess the portfolio with a vision of developing both the sulfide
and oxide deposits." said Mr. Young. "I am pleased that Ewan has
agreed to continue to serve as an advisor to the Company on the
development and expansion of this already significant portfolio of
gold, silver and base metal projects." added Mr. Young.
"I am proud of the platform we have built, a world-class project
portfolio situated in one of the world's premier mining
jurisdictions where we have realized numerous exploration successes
over the past three years.", said Ewan
Downie. "Now, with efforts shifting from a focus on
exploration to mine development, it is time for a leader with broad
development and operational experience to lead the impressive
management team at i-80 through its next phase of growth to deliver
substantial returns to shareholders."
Ron Clayton, Chairman of the
Board of Directors on behalf of the entire Board extends sincere
thanks to Mr. Downie for his vision and leadership in building i-80
Gold and are pleased he will continue in an advisory role. "The
Board is incredibly pleased we have been able to attract a new CEO
of Richard's caliber and skills. We look forward to Richard leading
our company in developing our world class assets in one the best
districts for mining in the world. Richard is well equipped to lead
our team in unlocking the value our assets represent." said Mr.
Clayton.
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.
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
Company's potential to create a United States mid-tier gold producer over the
next few years, the vision of developing both the sulfide and oxide
deposits, unlocking the value of the Company's assets, Mr.
Downie's continued involvement as an advisor, and the Company's
other future plans and expectations. 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
