11:58 AM EDT, 04/11/2025 (MT Newswires) -- (Updates shares.)

i-80 Gold ( IAUX ) said Friday that Matthew Gili is stepping down as president and chief operating officer.

The company said Gili will remain in the roles until a successor is appointed and following a transitionary period.

Gili has served as i-80's president and COO since the company's inception in 2021.

Richard Young, i-80's chief executive, will take over as president after Gili's departure.

"We are grateful to Matt for his committed leadership and the significant contributions he has made during his tenure with the company," Young said. "He has played a key role in advancing the company's new development plan to build a mid-tier gold producer in Nevada."

i-80's shares were last seen up $0.06 to $0.82 on the Toronto Stock Exchange.

Price: 0.82, Change: +0.06, Percent Change: +7.89