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i-80 Gold Corp., together with its wholly-owned Delaware subsidiary Premier Gold Mines USA, Inc. (PG USA), has completed a purchase agreement with affiliates of Waterton Global Resource Management, Inc. to acquire from Waterton all of the outstanding membership interests of Osgood Mining Company LLC, for consideration consisting of US$50 million in cash and common shares, plus contingent value rights and warrants.
Osgood is the owner of the Getchell Project in the Getchell gold belt near Winnemucca, Nevada. The Getchell Project is located at the intersection of the Getchell gold belt and the Battle Mountain-Eureka trend immediately south of Nevada Gold Mines’ Turquoise Ridge operation. Open pit mining occurred on the property between 1980 and 1999 and underground test mining (the Pinson Mine) was conducted in the early 2010s. The project currently hosts both a high grade open-pit and underground deposits, and the Pinson Mine has been in care and maintenance since 20
i-80 Gold acquires Getchell Project in US for $50m 16 April 2021 (Last Updated April 16th, 2021 12:48)
i-80 Gold has acquired the Getchell Project in the Getchell gold belt near Winnemucca, Nevada, US, for a $50m consideration in cash and common shares.
Open-pit mining operations were carried out on the Getchell property between 1980 and 1999. Credit: Khusen Rustamov from Pixabay.
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i-80 Gold has acquired the Getchell Project in the Getchell gold belt near Winnemucca, Nevada, US, for a $50m consideration in cash and common shares.
The deal was signed by i-80 Gold, together with its subsidiary Premier Gold Mines USA, (PG USA) with affiliates of Waterton Global Resource Management.
i-80 GOLD CORP. (TSX: IAU) ( i-80 , or the Company ) is pleased to announce that, together with its wholly-owned Delaware subsidiary Premier Gold Mines USA, Inc. (
PG USA ), it completed the previously announced purchase agreement with affiliates of
Waterton Global Resource Management, Inc. (
Waterton ) to acquire from Waterton all of the outstanding membership interests of Osgood Mining Company LLC (
Osgood ). Osgood is the owner of the Getchell Project in the Getchell gold belt near Winnemucca, Nevada (
Getchell or the
Getchell Project ) for consideration consisting of US$50 million in cash and common shares, plus contingent value rights and warrants as described in more detail below (the Transaction ).
i-80 GOLD CORP. (TSX: IAU)
( i-80 , or the Company ) is pleased to announce that Mr. Andy Cole has been retained to join the i-80 Gold Corp ( i-80 or the Corporation ) Operating Team as Senior Metallurgical and Processing Advisor. Andy will work with the Corporation in advancing its portfolio of projects and participate in assessing opportunities to grow its future production profile.
Mr. Cole brings to i-80 more than 34 years experience in mine development, processing and production including 20 years of experience at Barrick s largest core asset, the Goldstrike Mine in Nevada. At Goldstrike, he served in several capacities beginning as autoclave and roaster superintendent, process operations, ultimately being promoted to General Manager of the Goldstrike complex. Members of i-80 have had previous experience working with Andy as a Barrick representative on the South Arturo Mine joint venture.
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