i-80 Gold Reports Second Quarter 2026 Results; On Track to Achieve Full-Year Guidance as Granite Creek Ramps Up and Development Plan Advances
Gold production increased 165% year-over-year to 11,098 ounces, supported by the ramp-up of the Granite Creek project, though sales volumes dipped to 5,335 ounces due to delays at a third-party processing facility. The company reported a wider net loss of $52.5 million, driven primarily by accelerated pre-development and exploration expenses across its project portfolio, while gross profit improved to $8.6 million on higher realized gold prices.
Key figures
- Revenue
- 24300000
- Net loss
- 52500000
- Gold sold
- 5335
- Gross profit
- 8600000
- Gold produced
- 11098
- Avg realized price
- 4522
- Capital expenditures
- 21500000
- Cash and cash equivalents
- 464600000
AI analysis
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