i-80 Gold Corp. Reports $95.2 Million Revenue for Fiscal Year 2025

**i-80 Gold Corp. Reports Financial Results for Fiscal Year 2025**

i-80 Gold Corp. (IAUX: NYSE American; IAU: TSX) reported revenue of $95.2 million for the year ended December 31, 2025, a significant increase from the $50.3 million reported in the previous year. This growth was primarily driven by higher gold sales volume and increased average realized gold prices, which reached $3,368 per ounce compared to $2,332 per ounce in 2024. The company's gross profit improved to $11.5 million, a notable turnaround from the gross loss of $15.7 million in the prior year, reflecting the positive impact of increased revenue and improved operational efficiencies at the Granite Creek underground mine. However, the company reported a net loss of $198.8 million, compared to a net loss of $121.5 million in 2024, primarily due to non-cash fair value revaluation losses on derivative financial instruments and a non-cash write-down of Lone Tree Plant assets.

The company's operational performance saw a consolidated gold output of 31,930 ounces, with the Granite Creek underground project contributing 22,977 ounces. The company also made significant strides in advancing its development projects, including the commencement of construction at the Archimedes underground project and the completion of an engineering study for the Lone Tree Plant refurbishment. The company's exploration activities included approximately 37,000 meters of drilling across its portfolio, focused on mineral resource definition and technical studies. The company's cash used in operating activities was $83.6 million, comparable to $82.5 million in the prior year, while its cash balance increased to $63.2 million, primarily due to proceeds from equity offerings.

In November 2024, i-80 Gold announced a new development plan focused on advancing its Nevada gold projects to create a mid-tier gold producer. This plan includes the refurbishment of the Lone Tree Plant to serve as a central processing hub for refractory material from the company's underground mines, as well as accelerating permitting activities and development of open pit deposits. In conjunction with the new development plan, the company initiated a recapitalization plan to strengthen its balance sheet, which included a bought deal public offering and a private placement in May 2025, generating gross proceeds of $172.9 million and $12.6 million, respectively.

Looking ahead, i-80 Gold provided 2026 production guidance of 30,000 to 40,000 ounces from Granite Creek underground and approximately 10,000 ounces from Archimedes underground and residual heap leach. The company also outlined its planned growth expenditures, including $140 to $160 million for the Lone Tree Plant refurbishment and $10 to $15 million for water treatment at Granite Creek. The company anticipates completing a feasibility study for Granite Creek underground in the second quarter of 2026 and is targeting commissioning of the Lone Tree Plant by the end of 2027. The company also announced a financing package of up to $500 million, comprised of a royalty sale and a gold prepayment facility, to further support its development plans.