i-80 Gold has reached a termination and settlement agreement with Vox Royalty Cayman SEZC and its parent, Vox Royalty, to end the company's gold offtake agreement.

As part of the settlement, i-80 Gold will issue 3,453,237 common shares to Vox, as Vox Cayman nominee, representing a total consideration of $4.8m at a price of $1.39 per share.

The shares were issued under i-80 Gold's existing US shelf registration statement.

Completion of the transaction is expected to occur prior to 30 June 2026.

The termination of the offtake agreement removes i-80 Gold's fixed requirement to sell and deliver up to 40,000oz of refined gold each year from its Granite Creek and Ruby Hill projects in Nevada, US, through to 31 December 2028.

Previously, these sales were subject to pricing based on a set lookback period.

According to i-80 Gold, ending the agreement is expected to provide the company with greater ability to manage future gold sales according to market conditions and evaluate stockpiling opportunities, aligned with plans for the Lone Tree Plant.

The original offtake agreement dates back to June 2016 between predecessor entities to i-80 Gold and Orion Mine Finance and OMF Fund III.

This arrangement was included in the spin-out establishing i-80 Gold under an agreement with Equinox Gold in December 2020.

The latest amended and restated offtake agreement, dated 23 August 2023, was subsequently transferred through several entities and is currently held by Vox Royalty.

The gold offtake stream, known as the i-80 Stream, was acquired by Vox in September 2025 as part of a global gold portfolio transaction.

Vox Royalty president and chief investment officer Spencer Cole said: "This is an opportunistic divestment that monetises our smallest offtake stream asset at approximately 2x carrying value after a nine-month holding period.

"Given the capped nature of the stream both in terms of time and largely fixed margin we are pleased to realise on this asset in a mutually beneficial transaction for both i-80 and Vox."

In May 2025, i-80 Gold raised a total of $184m through a bought deal public offering and a concurrent private placement.

"i-80 Gold to terminate gold offtake deal with Vox Royalty" was originally created and published by Mining Technology, a GlobalData owned brand.