The company, which is current listed—and will remain so—on the Toronto Stock Exchange, pursued the NYSE listing in an effort to increase its exposure to a larger, "substantially more diverse audience of institutional and retail investors," i-80's CEO Ewan Downie said.
"i-80 produces 100% of its gold in the United States, and we believe that this listing will increase awareness and liquidity as we focus on delivering exceptional value to shareholders," he said.
The company's plan is to become a mid-tier gold producer through the development of four new mining operations that will ultimately process ore at i-80's Lone Tree complex.
i-80's share price on the TSX rose 2% day on day on May 16 to C$3.30. The company has a market capitalization of C$792.89 million.