I-80 Gold(NYSEMKT) IAUX

i-80 Gold Corp. mines gold and silver in Nevada. It produces precious metals for various industrial markets. The company builds mines to increase gold supply.

Where the Gold Is

• Granite Creek Underground: Operating high-grade mine located in the Potosi mining district of Nevada.
• Ruby Hill Property: Mining site containing the Archimedes underground project and Mineral Point open pit deposit.
• Lone Tree Plant: Central processing facility featuring an autoclave, which is a vessel used to extract gold from ore using heat and pressure.
• Cove Underground: Advanced stage development project located within the McCoy mining district of Nevada.

Building a Mining Powerhouse

• Completed a recapitalization plan in March 2026 that secured over $1 billion in available capital.
• Approved a construction decision to refurbish the Lone Tree processing plant in the first quarter of 2026.
• Terminated a gold offtake agreement with Vox Royalty Corp. in June 2026 to gain flexibility in future sales.
• Closed a $250 million net smelter return royalty with Franco-Nevada in March 2026.

A Hub for Nevada Gold

The company is one of the largest mineral resource holders in Nevada. It uses a hub-and-spoke model to process material from multiple high-grade mines at a single central facility.

The Latest Financial Results

• Revenues were $76.7 million for the six-month period ended June 30, 2026, up 83% year over year.
• Net loss was $131.1 million for the six-month period ended June 30, 2026.
• Cash and cash equivalents totaled $464.6 million as of June 30, 2026.
• Gold production rose to 21,964 ounces during the six-month period ended June 30, 2026.

Evolution Toward Production

i-80 Gold is transitioning from an exploration-focused firm to a mid-tier producer by developing underground mines and internal processing capacity. Its recent recapitalization provides the funding required to advance its multi-phase development plan in Nevada.