i-80 Gold names Richard Young as CEO

RENO, NV., September 18, 2024 /CNW/ – i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) (“i-80” or “Company”) I am pleased to inform you that Mr. Richard Young was appointed CEO and member of the management board with immediate effect, replacing Ewan Downie after retiring from the position of General Director.

This appointment concludes the previously announced succession process. Mr. Downie will also resign as a director of the Company and will continue to serve as an advisor to the Company.

Mr. Young brings extensive financial, development and operational experience to i-80, having previously held executive positions at numerous companies with increasing responsibility over the past several decades. He brings extensive experience in Nevada including operational positions at Barrick Gold at the Goldstrike mine, one of the largest gold mines in the world North America. Richard was the founder and CEO of Teranga Gold Corporation, playing a key role in its transformation from a single-asset producer into a successful, low-cost, mid-grade gold producer that was ultimately acquired by Endeavour Mining PLC in 2021 for over 2 Canadian dollars.5 billion. Mr. Young most recently served as President and CEO of Argonaut Gold, which was acquired by Alamos Gold Inc. in July 2024.

Throughout his career, Mr. Young has led the implementation of award-winning sustainability programs and received the PDAC Sustainability Award in 2008 and 2017 and the UN Global Compact Canada SDG Accelerator Award in 2020.

“I am pleased to join i-80, owner of the largest gold and silver resource base in the world. United Statesnot owned by a legacy gold mining company. Ewan and team have assembled an incredible group of projects that collectively have the potential to create United States mid-sized gold producer over the next few years. In the near term, our focus will be on a more complete portfolio evaluation with a view to developing both sulphide and oxide deposits,” said Mr. Young. “I am pleased that Ewan has agreed to continue to advise the Company on the development and expansion of this already significant portfolio of gold, silver and base metals projects,” added Mr. Young.

“I am proud of the platform we have built, a world-class portfolio of projects located in one of the world’s leading mining jurisdictions where we have achieved significant exploration success over the past three years,” he said. Ewan Downie“Now, as efforts shift from a focus on exploration to mine development, it is time for a leader with extensive development and operations experience to lead the impressive management team at i-80 through the next phase of growth to deliver significant shareholder returns.”

Ron ClaytonThe Chairman of the Board of Directors, on behalf of the entire Board, sincerely thanks Mr. Downie for his vision and leadership in building the I-80 Gold Expressway and is pleased that he will continue in his advisory role. “The Board is extremely pleased to have secured a new CEO of Richard’s caliber and ability. We look forward to Richard leading the Company as we develop our world-class assets in one of the world’s premier mining districts. Richard is well-positioned to lead our team in unlocking the value our assets represent,” said Mr. Clayton.

About i-80 Gold Corp.

i-80 Gold Corp. Is Nevada– A mining focused company that aims to become a mid-market gold producer by developing multiple deposits within the company’s advanced property portfolio with processing at i-80’s centralized milling facilities. i-80 Gold’s common shares are listed on the TSX and NYSE American Stock Exchanges under the trading symbols IAU:TSX and IAUX:NYSE. For more information on i-80 Gold’s portfolio of assets and long-term growth strategy, visit www.i80gold.com or email This email address is being protected from spambots. You need JavaScript enabled to view it..

Certain statements in this release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws, including, but not limited to, the Company’s potential to create United States a mid-sized gold producer over the next several years, the vision of developing both sulphide and oxide deposits, unlocking the value of the Company’s assets, Mr. Downie’s continued engagement as an advisor and other plans and expectations of the Company for the future. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, its projects or industry results to be materially different from any future results, performance or achievements expressed or implied by such statements or forward-looking information. Such statements can be identified by the use of words such as “may”, “could”, “could”, “will”, “intends”, “expects”, “believes”, “plans”, “anticipates”, “estimates”, “scheduled”, “forecasts”, “predicts” and other similar terminology or state that certain actions, events or results “may”, “could”, “might”, “might” or “will” be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results and speak only as of the date of this release.

Forward-looking statements and information involve significant risks and uncertainties, should not be considered guarantees of future results and are not necessarily accurate indicators of whether such results will be achieved. There are a number of factors that could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material adverse changes, unexpected changes in laws, rules or regulations or enforcement by competent authorities; failure of parties to contracts with the Company to perform as agreed; civil or labor unrest; changes in commodity prices; and failure of exploration or research programs to deliver expected results or outcomes that would justify and support further exploration, research, development or operations.