i-80 Gold Reports First Quarter 2026 Results; Fully Funded Development Plan on Track
i-80 Gold reported Q1 2026 revenue of $52.4 million, a significant increase from $14.0 million in Q1 2025, driven by higher gold sales and a higher realized gold price. Gross profit rose to $16.1 million from $2.9 million in the prior year, reflecting the revenue growth. However, the net loss increased to $78.6 million from $41.2 million, primarily due to non-cash fair value revaluations and financing expenses. The company completed a major recapitalization plan, raising $787.5 million in total, with $662.5 million in gross proceeds and $637.2 million in net proceeds.
Key figures
- Revenue
- 52390000
- Revenue Yoy
- 273.3%
- Gross profit
- 16078000
- Gold sold
- 10590
- Nsr royalty
- 250000000
- Net proceeds
- 637200000
- Gross proceeds
- 662500000
- Total financing
- 787500000
- Capital expenditure
- 4808000
- Gold prepay facility
- 250000000
- Convertible debentures
- 287500000
- Cash and cash equivalents
- 513500000
- Average realized gold price
- 4941
- Pre development evaluation exploration expenses
- 25699000
AI analysis
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