i-80 Gold closes $787.5M recapitalization, approves Lone Tree Plant construction

Filed May 12, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 5, 2025 · ~2 min read

Key Changes

• high

  Completed $787.5M recapitalization ahead of mid-2026 target ($637.2M net proceeds), retired $165M legacy debt, and lifted cash to $513.5M from $13.5M year-ago, establishing fully funded development plan through Phase 2.

  MD&A: Recapitalization & Cash Position verify on EDGAR →
• high

  Board approved Lone Tree Plant refurbishment construction with $31.2M committed and ~50% of total project capital expected by mid-2026, enabling shift from third-party toll milling to owner-operated processing in 2028.

  MD&A: Lone Tree Plant Decision verify on EDGAR →
• high

  Net loss widened 90.8% to $78.6M despite operating loss widening only 38.3% to $21.8M, driven by $48.4M non-cash derivative revaluations from stronger metal prices and $7.1M debt extinguishment losses—non-operating/other -$30.1M and income tax -$1.2M totaling -$31.4M below-the-line drag.

  MD&A: Net Loss & Derivative Revaluations verify on EDGAR →