IAUX is trading 5.8% up at $1.47 after announcing new high-grade drill results for its Archimedes Underground gold project in Nevada and terminating a significant gold offtake agreement.
- The company reported impressive gold grades from its 2025–2026 infill drilling program, confirming project development remains on schedule for first gold in Q4 2026, despite a slight delay in other feasibility-level studies.
- Additionally, i-80 Gold terminated its gold offtake agreement with Vox Royalty, a strategic move expected to provide enhanced financial flexibility and strengthen its balance sheet by eliminating fixed obligations to deliver gold through 2028.