i-80 Gold Corp. (TSX: IAU) provided an update for first quarter 2021 South Arturo production as well as its full year’s production guidance. Included in the report was first quarter production data indicating 15,752 ounces of gold and 1,440 ounces of silver had been produced by the company.
The company indicated this morning that cash costs for the first quarter amounted to $836 per ounce of gold, while all in sustaining costs, or AISC, came in at $926 per ounce. The company is currently underway with an 8,000 metre drill program on the property, with an updated mineral reserve and resource estimate slated to be released in the second half of this year.
The company also provided 2021 South Arturo production guidance attributable to the company, which includes 15,000 to 20,000 ounces gold, cash costs of $900/oz gold and $1,000/oz gold sold, and AISC of $1,100/oz gold and $1,200/oz gold sold.
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The company currently holds a 40% interest in the South Arturo property.
i-80 Gold Corp last traded at $2.52 on the TSX.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
