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.