i-80 Gold Corp.

Listed Company

IAUX-WTCIK 0001853962NYSEEmerging GrowthGold And Silver OresA1CAFY ends Dec 31

Period

FY 2025

Revenue

$95.19M

Net Income

$-198.85M

Total Assets

$703.42M

Equity

$346.77M

Shares Out

840.10M

Op. Cash Flow

$-83.59M

Business

i-80 Gold Corp. is a Nevada-focused, growth-oriented gold and silver producer engaged in exploration, development and production of precious metal mineral deposits. The company’s main products and services are the exploration, development and sale of gold and silver, including processing via internal heap leach and autoclave facilities and third-party toll milling and ore purchase arrangements. Its key business areas comprise five principal mineral projects (Cove, Granite Creek, Lone Tree, Ruby Hill and FAD) and associated processing and permitting activities. The company conducts operations and sells produced metals into global markets while distributing material through internal processing, third-party processors and offtake agreements.

Summary from filing dated 2025-04-01

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Revenue	95	50	55
Cost of sales	−82	−65	−53
Depletion, depreciation and amortization	−2	−1	−7
Gross profit (loss)	12	−16	−5
Pre-development, evaluation and exploration	66	38	—
General and administrative	29	21	22
Property maintenance	14	14	13
Write-down of property, plant and equipment	26	0	—
Loss from operations	−124	−89	−101
Other income	5	24	—
Other expense	−52	−22	−6
Interest expense	−31	−33	−27
Loss before income taxes	−202	−120	−93
Deferred tax recovery (expense)	3	−1	3
Net loss and comprehensive loss	−199	−122	−90
Net loss and comprehensive loss	−199	−122	−90
Basic loss per share (in dollars per share)	−0.3	−0.34	−0.33
Diluted loss per share (in dollars per share)	−0.3	−0.34	−0.33
Basic weighted average shares outstanding (in shares)	672	359	274
Diluted weighted average shares outstanding (in shares)	672	359	274

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	63	19	16	—
Receivables, net	2	3	4	—
Inventory	29	15	11	—
Prepaids and deposits	6	3	5	—
Current portion of other assets	287,000	1	3	—
Total current assets	100	42	40	—
Other assets	5	594,000	586,000	—
Restricted cash	42	40	44	—
Property, plant and equipment, net	556	572	569	—
Total non-current assets	603	613	614	—
Total assets	703	656	654	—
Accounts payable and accrued liabilities	41	26	27	—
Current portion of long-term debt	77	38	31	—
Current reclamation liabilities	2	906,000	543,000	—
Current portion of other liabilities	18	9	6	—
Total current liabilities	138	74	65	—
Deferred tax liabilities	13	16	15	4
Long-term debt	98	154	163	—
Reclamation liabilities	59	56	49	—
Non-current portion of other liabilities	48	15	17	—
Total non-current liabilities	218	241	244	—
Total liabilities	357	315	309	—
COMMITMENTS AND CONTINGENCIES	—	—	—	—
Common shares, unlimited authorized shares with no par value, 827,230,192 and 409,786,956 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	800	607	489	—
Additional paid-in capital	31	19	19	—
Accumulated deficit	−484	−285	−163	—
Total equity	347	341	345	296
Total liabilities and equity	703	656	654	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Depletion, depreciation and amortization	3	3	—
Reclamation accretion expense	4	3	—
Share-based payments	9	570,000	2
Non-cash items included in other expense	52	953,000	−33
(Gain) loss on foreign exchange	−140,000	34,000	29,000
Interest expense	30	32	27
Reclamation expenditures	−217,000	−455,000	−540,000
Other	117,000	−248,000	0
Net change in operating assets and liabilities	−5	−2	8
Cash used in operating activities	−84	−83	−77
Capital expenditures on property, plant and equipment	−10	−2	−17
Disposal proceeds	0	425,000	0
Cash used in investing activities	−10	−2	−8
Net proceeds from shares issued in equity offerings	194	118	—
Warrant and stock option exercises	9	983,000	—
Finance fees paid	−2	−2	0
Contingent payments	0	−1	−21
Other	−44,000	−229,000	−148,000
Cash provided by financing activities	139	83	65
Change in cash, cash equivalents and restricted cash during the year	46	−1	−20
Effect of exchange rate changes on cash held	152,000	−48,000	−38,000

Filings

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