U.S. miner i-80 Gold has announced it re-cently completed the closing of the gold prepay and silver purchase and sale portions of the financing package with Orion Mine Finance, securing a total of US$165 million in cash and restricted cash.
“The package also provides for access to an additional $100 million potentially available via an accordion feature subject to certain con-ditions being satisfied,” the Reno-based company said in a state-ment.
“The closing of the final pieces of the Financing Package has strengthened our balance sheet and positioned the Company to ad-vance our comprehensive plan to create a Nevada focused gold min-ing company,” said Ryan Snow, the chief executive of i-80 Gold, as quoted in the statement.
The miner says it is a Nevada-focused, mining compan