i-80 Gold terminates Vox Royalty offtake with $4.8M payment

Staff Writer | June 26, 2026 | 9:30 am Markets USA Gold

Image source: i-80 Gold

i-80 Gold (NYSE: IAUX) (TSX: IAU) has terminated an offtake agreement with Vox Royalty (TSX: VOXR) on two of its Nevada properties, a move that it says would provide “greater financial flexibility” to the company.

In a statement on Friday, the Reno-based gold miner announced that it will issue approximately 3.45 million shares valued at $1.39 each, for a total of $4.8 million, to Vox as part of the termination. The shares would be issued under its existing US shelf registration statement, the company added.

Shares of i-80 Gold rose nearly 5% by midday Friday on the news, giving it a market capitalization of $1.26 billion in New York.

The offtake agreement was originally signed in 2016 between two funds managed by Orion and i-80 Gold’s predecessor — Premier Gold Mines. The contract was ultimately transferred to i-80 after Equinox Gold’s (TSX: EQX) acquisition of Premier in late 2020.

Cash savings

Under that agreement, i-80 is obligated to sell and deliver up to 40,000 oz. of refined gold per year from its Granite Creek and Ruby Hill properties through the end of 2028. By terminating the agreement, i-80 said it is expected to realize cash flow savings through that period based on the average offtake margin per ounce of gold sold this year.

The company is building towards becoming a mid-tier producer through a three-phased development plan to advance its assets across Nevada.

These include Granite Creek, an underground mine in Humboldt and its first producing asset, and the Ruby Hill property in Eureka, which hosts its next planned mine at the Archimedes deposit. They would be anchored by the Lone Tree complex, which is being refurbished to serve as their central processing hub.

According to i-80, the offtake termination would provide it “with greater flexibility” to manage future gold sales based on favourable gold pricing, and to evaluate stockpiling opportunities in anticipation of the planned commissioning of the Lone Tree plant within Phase 1 of its current development plan.