Q1 2026 I-80 Gold Corp Earnings Call Transcript

May 13, 2026 / 02:00 PM GMT

Release Date Price: $1.56 (-1.89%)

Transcript 8-K10-Q

Key Points

Positve

i-80 Gold Corp (IAUX) completed a successful recapitalization, securing over $1 billion, which provides funding certainty and de-risks their development plan.
The company achieved record quarterly revenue and gross profit, driven by resolving water issues at Granite Creek and improved underground development rates.
Construction of the second underground mine is on budget and on schedule, with board approval for the Lone Tree plant refurbishment.
i-80 Gold Corp (IAUX) initiated the largest drill program in its history to support resource and reserve development, enhancing future feasibility studies.
The company reported a significantly stronger balance sheet with a higher cash balance of approximately $514 million, supported by successful financing transactions.

Negative

Operations were impacted by the failure of a main transformer, resulting in nearly one week of power loss and affecting development rates for about three weeks.
The net loss increased to $76 million, mainly due to higher non-cash accounting impacts and financing costs related to the recapitalization.
Cash used in operating activities increased to $45 million, primarily due to interest payments related to the settlement of legacy debt.
The company faces a 57% payability factor on high-grade oxide material, impacting gold sold relative to contained ounces produced.
Despite progress, i-80 Gold Corp (IAUX) continues to trade at a significant discount to the value of its asset base and prospects.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

IAU.TO - I-80 Gold Corp
Q1 2026 I-80 Gold Corp Earnings Call
May 13, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and thank you for joining I80 Gold's 2026 First Quarter Results Conference Call and Webcast.

Today's company presenters include Richard Young, President and Chief Executive Officer of I80 Gold, Paul Charun, COO, and Ryan Snow, CFO.

Before we continue, please note that today's comments may contain forward-looking statements, which involve risks and uncertainties.

Actual results could differ materially.

I ask everyone to refer to slide 2 of the presentation, which is available on I80 Gold's website to view the cautionary notes regarding the forward-looking statements made on this call and the risk factors related to these statements.

All amounts are in US dollars unless otherwise stated.

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