--- title: "i-80 Gold | 8-K: FY2026 Q2 Revenue: USD 24.35 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/295456573.md" datetime: "2026-08-10T22:02:05.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295456573.md) - [en](https://longbridge.com/en/news/295456573.md) - [zh-HK](https://longbridge.com/zh-HK/news/295456573.md) generator: "portal-rs" --- # i-80 Gold | 8-K: FY2026 Q2 Revenue: USD 24.35 M Revenue: As of FY2026 Q2, the actual value is USD 24.35 M. EPS: As of FY2026 Q2, the actual value is USD -0.06. ### Consolidated Financial and Operational Highlights (Three months ended June 30, 2026 vs. 2025) #### Financial Performance - **Gross Profit**: Increased to $8.6 million from $0.8 million in the prior year period, primarily due to a higher realized gold price. - **Net Loss**: Increased to - $52.5 million compared to - $30.2 million in the prior year period, mainly due to higher pre-development, evaluation, and exploration costs. - **Adjusted Net Loss**: Increased to - $41.2 million compared to - $26.5 million in the prior year period, driven by increased spending on pre-development, evaluation, and exploration expenses, partially offset by higher gross profit. - **Cash Used in Operating Activities**: Increased to - $49.6 million compared to - $11.3 million in the prior year period, resulting from comparative working capital changes of $20.9 million and higher pre-development, evaluation, and exploration expenses. - **Cash and Cash Equivalents**: Totaled $464.6 million as of June 30, 2026, a decrease of $49.0 million from March 31, 2026, primarily due to cash used in operations and capital expenditures. - **Pre-development, Evaluation and Exploration Expenses**: Were $29.264 million, up from $9.045 million in the prior year period. #### Operational Metrics - **Gold Production**: Increased to 11,098 ounces from 4,178 ounces in the prior year period. - **Gold Ounces Sold**: Decreased to 5,335 ounces from 8,400 ounces in the prior year period. - **Average Realized Gold Price**: Rose to $4,522 per ounce from $3,301 per ounce in the prior year period. ### Consolidated Financial and Operational Highlights (Six months ended June 30, 2026 vs. 2025) #### Financial Performance - **Gross Profit**: Increased to $24.697 million from $3.704 million in the prior year period. - **Net Loss**: Increased to - $131.128 million compared to - $71.420 million in the prior year period. - **Adjusted Net Loss**: Increased to - $69.889 million compared to - $50.105 million in the prior year period. - **Cash Used in Operating Activities**: Increased to - $94.664 million compared to - $34.036 million in the prior year period. - **Pre-development, Evaluation and Exploration Expenses**: Were $54.962 million, up from $18.590 million in the prior year period. #### Operational Metrics - **Gold Production**: Increased to 21,964 ounces from 14,326 ounces in the prior year period. - **Gold Ounces Sold**: Increased to 15,923 ounces from 13,352 ounces in the prior year period. - **Average Realized Gold Price**: Rose to $4,801 per ounce from $3,124 per ounce in the prior year period. ### Segment-Specific Metrics (Three months ended June 30, 2026 vs. 2025) #### Granite Creek Property - **Segment Revenue**: Totaled $9.355 million, down from $19.727 million. - **Gold Ounces Sold**: Decreased to 2,052 ounces from 5,981 ounces. - **Average Realized Gold Price**: Increased to $4,559/ounce from $3,298/ounce. - **Total Material Mined**: Decreased to 72,350 tonnes from 83,395 tonnes. - **Processed Sulfide Mineralized Material**: Increased to 9,055 tonnes from 7,014 tonnes. - **Operating Costs**: Decreased to $7.106 million from $22.067 million. - **Royalties**: Decreased to $0.517 million from $1.148 million. - **Sustaining Capital Expenditures**: Increased to $1.672 million from $0.778 million. - **Growth Capital Expenditures**: Increased to $7.234 million from $0.336 million, primarily related to the water treatment plant project. - **Pre-development, Evaluation and Exploration Expenses**: Were $7.882 million, up from $5.949 million. #### Ruby Hill Property - **Segment Revenue**: Totaled $3.102 million, up from $2.288 million. - **Gold Produced (Heap Leach)**: Decreased to 485 ounces from 713 ounces. - **Gold Sold (Heap Leach)**: Increased to 690 ounces from 665 ounces. - **Average Realized Gold Price**: Increased to $4,422/ounce from $3,311/ounce. - **Underground Mine Development (Archimedes)**: 899 meters completed in 2026, compared to none in 2025. - **Archimedes Drilling**: 3,124 meters completed in 2026, compared to none in 2025. - **Mineral Point Drilling**: 14,836 meters completed in 2026, up from 1,749 meters. - **Processing Cost (per produced ounce)**: Increased to $3,124/ounce from $1,640/ounce. - **Site G&A (per produced ounce)**: Decreased to $658/ounce from $1,174/ounce. - **Operating Costs**: Increased to $2.639 million from $1.726 million. - **Royalties**: Increased to $0.092 million from $0.066 million. - **Sustaining Capital Expenditures**: Decreased to $0.152 million from $0.719 million. - **Growth Capital Expenditures**: Were $2.422 million in 2026, compared to none in 2025, primarily for heavy mobile equipment and infrastructure upgrades for Archimedes. - **Pre-development, Evaluation and Exploration Expenses**: Were $20.083 million, significantly up from $1.898 million, largely due to underground development at Archimedes. #### Lone Tree Plant - **Segment Revenue**: Totaled $11.891 million, up from $5.821 million. - **Gold Sold**: Increased to 2,593 ounces from 1,754 ounces. - **Average Realized Gold Price**: Increased to $4,519/ounce from $3,306/ounce. - **Capital Expenditures**: For the three and six months ended June 30, 2026, were primarily related to the refurbishment of the Lone Tree Plant. - **Construction Commitments**: Totaled $110.1 million as of June 30, 2026, with approximately 30% of the project cost committed. ### Outlook i-80 Gold Corp. expects to meet its 2026 guidance, with growth capital expenditures anticipated to be largely in line with the $150 million to $175 million guidance. Lone Tree plant refurbishment capital expenditures are projected to be lower than guided, while Archimedes expenditures are expected to be higher due to a change in strategy. Exploration expenses are forecast to be approximately $10 million lower in 2026 due to personnel shortages and drill rig availability issues. ### Related Stocks - [IAUX.US](https://longbridge.com/en/quote/IAUX.US.md) ## Related News & Research - [I-80 Gold CEO Richard Young buys 1,000,000 common shares for USD 1.62 million](https://longbridge.com/en/news/296542282.md) - [i-80 Gold says Lone Tree plant refurbishment stays on schedule, targets first gold pour in late 2027](https://longbridge.com/en/news/294376132.md) - [Robotti Robert Invests $8.90 Million in Lincoln Electric Holdings, Inc. $LECO](https://longbridge.com/en/news/296341692.md) - [i-80 Gold Provides Update on Lone Tree Plant Refurbishment; Project Remains on Schedule and on Budget | IAUX Stock News](https://longbridge.com/en/news/294046982.md) - [i-80 Gold advances Ruby Hill drilling and development](https://longbridge.com/en/news/291443990.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**