Bonds’ decades-long lead over gold vanishes as debt worries grow

The project is a 60/40 partnership with New York-based Orion Mine Finance.

i-80, which spun out of Equinox Gold in 2021, currently has four projects in Nevada.

The price of gold has broken records this year.

Currently, mining has begun from the Silver Coin and Big Missouri deposits to feed a refurbished 2,500 t/d processing plant.

The deal will propel the combined group to become a mid-tier gold miner producing around 400,000 ounces of gold a year.

The country's industrial gold production stood at 66.5 metric tons last year, nearly unchanged from the 66.2 tons recorded in 2022.

For the year, bullion is up by double digits at 13%, despite headwinds from strong US economic data.

China held 72.74 million ounces of gold at the end of March, up from 72.58 million ounces a month before.

If approved, the loan would be one of Washington's largest investments ever in a domestic mine.