Mr. Ewan Downie reports
I-80 GOLD SET TO JOIN RUSSELL 3000(TM) AND RUSSELL MICROCAP(TM) INDEXES
According to a preliminary list of additions posted on May 19, 2023, i-80 Gold Corp. is set to join the broad-market Russell 3000
and Russell Microcap
indexes at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the United States market opens on June 26.
Annual Russell indexes reconstitution captures the 4,000 largest U.S. stocks as of April 28, ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000
index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000
index or small-cap Russell 2000
index, as well as the appropriate growth- and value-style indexes. FTSE (Financial Times Stock Exchange) Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
"Inclusion in the Russell 3000
index validates our strategy to create a U.S. listed, entirely U.S.-focused gold and polymetallic exploration, development and production company," stated Matthew Gollat, executive vice-president at i-80 Gold. "i-80's trading volumes on the NYSE [New York Stock Exchange] are consistently growing and these index additions will provide broader market access to the company."
Ewan Downie, chief executive officer, said: "When we launched i-80 just over two years ago, we implemented a strategy to build one of the largest U.S.-focused mining companies. This strategy included a goal to list on the New York Stock Exchange that was achieved last year, and a target to grow liquidity, access to capital and market value for our shareholders. Inclusion in Russell indexes is a significant step towards the realization of this target."
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12.1-trillion in assets are benchmarked against Russell's U.S. indexes that are part of FTSE Russell, a leading global index provider.
For more information on the Russell 3000
Index and the Russell indexes reconstitution, go to the Russell Reconstitution section on the FTSE Russell website.
About i-80 Gold Corp.
i-80 Gold is a Nevada-focused mining company with a goal of achieving mid-tier gold producer status through the development of multiple deposits within the company's advanced-stage property portfolio with processing at i-80's centralized milling facilities.
We seek Safe Harbor.
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