Nevada-focused miner i-80 Gold has pulled out of a legacy deal to sell gold at lower than current prices, a move it expects will result in cash flow savings.

I-80 said it reached a settlement agreement with Vox Royalty, eliminating a fixed obligation to sell and deliver up to 40,000 ounces of refined gold a year from its Granite Creek and Ruby Hill properties through the end of 2028. Sales were subject to pricing based on a "lookback" period.

The company, which sits on what it estimates is the fifth largest gold mineral resource in Nevada, said ending the agreement will offer greater flexibility to manage future gold sales based on favorable gold pricing.

It also will allow the company to consider stockpiling opportunities in anticipation of the planned commissioning of the first phase of its Lone Tree plant, it said.

As part of the settlement to end the offtake deal, i-80 said it will issue about 3.5 million of its shares to Vox, representing $4.8 million.

The offtake agreement was initially agreed in mid-2016 and was included as part of a 2020 deal to spin off i-80 from Canada's Premier Gold Mines when it was acquired by Equinox Gold.

I-80's Granite Creek property includes an operating underground mine and an adjacent open-pit deposit. The company, which has its head office in Reno and its corporate office in Toronto, plans to develop assets in Nevada to build a mid-tier gold producer.

I-80's shares have rallied over the last year, but are down 3% so far in 2026 as the price of gold has retreated from an all-time high earlier in the year.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

June 26, 2026 09:33 ET (13:33 GMT)

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