High-Growth Stocks: 1 Precious Metals Value Stock to Buy Today

I-80 Gold Corp. (TSX:IAU) plans to continue to advance an extensive project pipeline through continued exploration.

| More on:
gold stocks gold mining

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s premium investing services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn more

I-80 Gold (TSX:IAU) is a growth-oriented mining company involved in the exploration, development, and production of gold and silver mineral deposits in the United States (U.S.), primarily in Nevada. The company’s principal product is gold, with gold production contributing to the majority of the I-80’s revenues through the company’s ownership interest in the South Arturo mine. The company plans to build on I-80’s current base through existing operating mine expansions, development of new mines, and by targeting other gold-consolidation opportunities.

Robust business strategy

The company’s business strategy is focused on creating value for stakeholders through ownership and advancement of I-80’s mineral properties. The company’s goals include expanding mineral resources and mineral reserves, completing additional technical and economic studies on all projects and advancing the development of the South Arturo mine, the McCoy-Cove project, and the Getchell project.

Exciting projects on the go

At the South Arturo mine, the company continues to expand reserves and resources. Additional work is being undertaken in the open pits area to increase understanding of the potential leach ore resource through additional definition drilling and additional metallurgical test work with the aim of improving the expected recovery from the future leaching process. This metallurgical testing will also serve to refine the leach pad size and design to ensure the pad meets all future needs. Additionally, the company plans to complete a trade-off study to evaluate the merits of underground versus open pit mining for the deposit.

At the Getchell project, the company plans to advance the understanding of multiple deposits through continued exploration and technical studies. The company also plans to conduct additional column leach test work on open pit samples at varying crush sizes to determine the optimum crush size.

At the McCoy-Cove project, the company has advanced a work program that is focused on portal construction and development of an underground drilling platform, additional metallurgical testing, advanced resource modelling, and baseline data collection in support of a permitting and developing decision.

Focus on sustainability

In addition to these projects, the company also plans to continue to advance an extensive project pipeline through continued exploration and through the acquisition of additional projects of merit that may be identified by the company in the future. The company’s principal objective is to become a sustainable gold producer, with a secondary focus on silver. There is a huge global gold market into which the company can sell gold into and hence, I-80 is not dependent on a particular purchaser with regard to the sale of any gold that it produces.

Attractive valuation despite risks

A risk that exists with investing in the company relates to government regulation. Future development and operations may be affected in varying degrees by such factors as government regulations with respect to restrictions on production, export controls, income taxes, expropriation of property, repatriation of profits, environmental legislation, land use, water use, land claims of local people, mine safety, and receipt of necessary permits.

Despite these risks, I-80 is very attractively valued at the current market price.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Nikhil Kumar has no position in any of the stocks mentioned.

More on Metals and Mining Stocks

Gold bullion on a chart
Metals and Mining Stocks

Should You Buy Barrick Gold (TSX:ABX) Stock on the Pullback?

Barrick Gold stock looks cheap right now, but is it a good buy at this level?

Read more »

gold stocks gold mining
Metals and Mining Stocks

3 Gold Stocks That Have Held Strong During a Chaotic 2022

Three TSX gold stocks remain strong performers in 2022, notwithstanding the growing fears of a recession and rising inflation.

Read more »

TSX Today
Metals and Mining Stocks

TSX Today: What to Watch for in Stocks on Friday, June 24

Despite minor optimism in key global stock indexes, the TSX Composite could open on a flat note today, as commodity…

Read more »

calculate and analyze stock
Metals and Mining Stocks

1 Growth Stock to Buy and Hold During Any Market Correction

This growth stock is still up year to date by 14%, whereas many continue to fall around it. Yet it…

Read more »

gold stocks gold mining
Metals and Mining Stocks

Are Gold Stocks Now a Buy?

Gold stocks look cheap today. Is this the right time to buy?

Read more »

Gold bars
Metals and Mining Stocks

Inflation Is Hot This Year: Why Isn’t Gold Rising?

Gold isn't rising much this year. Neither are gold stocks like Barrick Gold (TSX:GOLD)(NYSE:ABX).

Read more »

energy oil gas
Metals and Mining Stocks

3 TSX Commodity Stocks to Buy in July

Canadian investors can look to buy commodity stocks such as Barrick Gold and Nutrien to derive outsized gains in the…

Read more »

gold stocks gold mining
Metals and Mining Stocks

Can Gold Protect Your Portfolio From Stagflation?

Aggressive interest rate hikes have put the U.S. at risk of stagflation. Your stock portfolio is losing money. Can gold…

Read more »