i-80 Gold Corp.

i-80 Gold reported further strong Archimedes infill assay results (including 16.2 g/t gold over 56.4 metres) as development remains on schedule for first gold in Q4 2026, but pushed back the feasibility-level studies for Granite Creek Underground and Cove Underground by a quarter, from Q2 to Q3 2026.

drilling result

New Archimedes assay results (including 24.6 g/t gold over 23.6 metres) confirmed continuity of high-grade mineralization; the project's resource has grown substantially since its February 2025 PEA to 436koz indicated at 7.6 g/t and 988koz inferred at 7.3 g/t, with construction proceeding on schedule.

drilling result

i-80 Gold closed the $250 million gold prepayment facility with National Bank of Canada and Macquarie Bank ($150M upfront, $100M accordion, secured by its Ruby Hill, Granite Creek, Lone Tree and Cove projects), and declared its recapitalization complete with a fully funded development plan - the resolution of the debt crisis that began in January 2025.

debt financing

i-80 Gold issued $287.5 million of new 3.75% Convertible Senior Notes due 2031 (upsized from a $250M base after the initial purchasers' option was fully exercised), convertible at about $1.93/share - a further, separate piece of capital-markets activity alongside the Franco-Nevada and gold-prepay financings.

capital raising announcement

The $250 million Franco-Nevada royalty financing closed, and i-80 Gold used the proceeds to redeem its convertible debentures and retire its Orion Mine Finance gold prepay and convertible credit facility - clearing out the debt that had driven the year-long recapitalization.

capital raising announcement

i-80 Gold secured a $500 million financing package to end its recapitalization: a $250 million royalty sale to Franco-Nevada (1.5% rising to 3.0% net smelter return across the whole portfolio) plus a $250 million gold prepayment facility with National Bank of Canada and Macquarie Bank, with proceeds set to retire essentially all existing debt - the $65M convertible debentures, and the Orion gold prepay and credit facility - and fund the five-project development plan.

material agreement

New assay results from 40 drill holes at Granite Creek Underground reinforced the case for expanding the deposit north and at depth, building on its existing 261koz measured-and-indicated resource at 10.5 g/t gold.

drilling result

i-80 Gold published a first resource estimate for its non-core FAD property: a high-grade polymetallic deposit (indicated 86koz gold, 4.0Moz silver plus lead and zinc; inferred 446koz gold, 16.6Moz silver plus more lead and zinc) that also carries meaningful critical-metal by-products (gallium, indium, antimony, tin) in its zinc concentrate.

resource reserve update

i-80 Gold received its construction permits and broke ground on Archimedes, its second planned underground mine, targeting first gold in Q4 2026; the company laid out a three-phase development plan aiming for 600,000 oz/year of gold output by the early 2030s across its five Nevada projects.

drilling progress report

the exchange certified i-80 Gold Corp.'s securities for listing, clearing them to begin trading.

listing compliance notice

i-80 Gold raised approximately $164.2 million net in a bought-deal public offering (345.8 million units at $0.50, including the underwriters' option) plus a concurrent insider private placement, earmarked to fund development at Granite Creek, Cove, Ruby Hill and Lone Tree and to pay off the National Bank and Orion prepay obligations - the real financial turning point after months of covenant patchwork.

material agreement

i-80 Gold sold forward about 6,800 oz of gold and 345,000 oz of silver to National Bank of Canada, using the proceeds to meet gold and silver deliveries owed to Orion that had already been deferred once - satisfying its debt covenants for now, but by taking on another forward-sale obligation rather than resolving the underlying cash squeeze.

material agreement

i-80 Gold formally executed the January debenture amendments (15%-discount conversion, senior McCoy-Cove lien, 104% redemption right) via a supplemental indenture, raised a small C$798K from an insider share purchase, and released two more positive PEAs - Granite Creek Underground (NPV $155-344M depending on gold price) and Granite Creek Open Pit (NPV $421M, 30% IRR) - completing the five-project hub-and-spoke economic case.

capital raising announcement

i-80 Gold released the first wave of its "hub-and-spoke" economic case: an updated Cove PEA (after-tax NPV $271M, 30% IRR, 100koz Au/yr), a first Archimedes underground PEA (NPV $127M, 23% IRR, 100koz Au/yr), and a first Mineral Point open-pit PEA (NPV $614M, 12% IRR, ~280koz gold-equivalent/yr, flagged as the portfolio's likely flagship) - laying out the economics behind a plan to feed several mines into the central Lone Tree autoclave.

resource reserve update

i-80 Gold signed a long-dated offtake agreement giving an Orion affiliate the right to buy 20% of refined gold and silver from the Granite Creek and Ruby Hill projects, running 2028 through 2034 at market prices - a future revenue-sharing commitment, not near-term cash.

material agreement

i-80 Gold closed the equity offering flagged days earlier, raising about C$22.6 million by selling 28.2 million shares at C$0.80.

material agreement

i-80 Gold settled with its $65M convertible debenture holders (K2 Principal Fund, Condire Resources) after a near-default tied to minimum-cash covenants, agreeing to dilutive amendments (15%-discount conversion pricing, senior lien on McCoy-Cove, a 104% redemption option); separately, lender Orion extended its $50M credit facility to June 2026 in exchange for 5 million warrants - the opening moves of a broader recapitalization.

capital raising announcement

i-80 Gold's year in review: mining started, gold output rising, and thick high-grade drill hits at Ruby Hill - 15.6% zinc over 40 metres at Blackjack, 45.4 g/t gold over 17.5 metres at Tyche. Four Nevada properties being advanced at once toward its stated goal of becoming one of the largest US precious-metals producers.

production update

the exchange certified i-80 Gold Corp.'s securities for listing, clearing them to begin trading.

listing compliance notice