revenue $24.3M, net income -$52.5M. i-80 Gold completes recapitalization, clears going-concern doubt; Q2 loss widens 74%

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 13, 2025 · ~2 min read

Key Changes

• high

  Completed $787.5M recapitalization (Franco-Nevada NSR royalty $250M, NBC/Macquarie gold prepay $150M, convertible debentures $287.5M), retired $165M Orion debt, eliminated going-concern doubt disclosed in FY25 10-K. Cash rose to $464.6M YoY.

  Notes: Recapitalization & Going Concern view on EDGAR →
• high

  Operating loss widened 82% YoY to -$34.1M as pre-development/exploration expenses surged 196% to $55.0M ($24.3 million, six months), driven by accelerated Ruby Hill drilling ($32.5M prior year). Company notes costs will capitalize upon reserve declaration.

  MD&A: Pre-development expenses verify on EDGAR →
• high

  Revenue fell 12.5% YoY to $24.3M despite production more than doubling (11,098 oz vs 4,178 oz) as ounces sold dropped 36% (5,335 oz vs 8,400 oz) due to third-party processing delays at Granite Creek, building inventory and deferring revenue recognition.

  MD&A: Production and sales volumes verify on EDGAR →