i-80 Gold Announces Termination of Gold Offtake Agreement
i-80 Gold terminated its gold offtake agreement with Vox Royalty, eliminating a fixed obligation to sell 40,000 ounces per year from the Granite Creek and Ruby Hill properties through 2028. To satisfy obligations under the agreement, the company issued 3,453,237 common shares to Vox, representing aggregate consideration of US$4.8 million at a price of US$1.39 per share.
Key figures
- Shares issued
- 3453237
- Settlement value usd
- 4800000
- Agreement expiry date
- December 31, 2028
- Offtake volume oz per year
- 40000
- Settlement price per share
- 1.39
AI analysis
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