24/7 Market News Snapshot 18 September, 2024 – i-80 Gold Corp. (NYSE:IAUX)
DENVER, Colo., 18 September, 2024 (247marketnews.com) – (NYSE:IAUX) are discussed in this article.
i-80 Gold Corp. has experienced notable bullish momentum, with its stock opening at $1.14 and currently trading at approximately $1.195, reflecting a significant increase of around 11.68%. This rise follows a prior session close of $1.070, underscoring a growing interest from investors. The trading volume has reached 7.10 million shares, indicative of strong trading activity that often correlates with investor confidence and potential for further price increases. Technical indicators, including moving averages, may also corroborate this optimistic outlook, prompting investors to keep a close watch on ongoing developments.
In addition to the positive market performance, i-80 Gold Corp. has announced a strategic change in leadership, appointing Mr. Richard Young as the new Chief Executive Officer and director, effective immediately. He succeeds Ewan Downie, who has retired but will remain in an advisory capacity. Mr. Young brings extensive experience in the mining sector, having held significant roles at Barrick Gold’s Goldstrike Mine and as the founder and former CEO of Teranga Gold Corporation. His leadership was instrumental in transforming Teranga into a successful mid-tier gold producer, culminating in its acquisition for over C$2.5 billion.
In his new role, Mr. Young expressed enthusiasm for leading i-80, highlighting the company’s vast gold and silver resource base in the U.S., which positions it uniquely among junior gold firms. Meanwhile, Mr. Downie remarked on the development of a robust project portfolio during his tenure and emphasized the fit of Mr. Young’s operational expertise to accelerate the company’s growth trajectory. Chairman Ron Clayton extended gratitude to Mr. Downie and expressed confidence in Mr. Young’s abilities to enhance shareholder value and leverage the company’s significant asset potential in the upcoming phase of development.
Related news for (IAUX)
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- i-80 Gold Reports Second Quarter 2025 Results and Project Development Highlights
- i-80 Gold Provides Progress Update on its New Development Plan
- i-80 Gold Closes Previously Announced US$11 Million Private Placement
- i-80 Gold Closes US$173 Million Bought Deal Public Offering