I-80 Gold Q1 Results, Recapitalization

I-80 Gold reported its first quarter 2026 financial and operating results, highlighting a strong start to the year. The company successfully completed a transformational recapitalization plan, securing over $1 billion in capital through a Net Smelter Return Royalty with Franco-Nevada, a Gold Prepay facility with National Bank of Canada and Macquarie Group, and the issuance of Convertible Debentures. This financing fully funds Phase 1 and Phase 2 of its development plan, which includes advancing three underground projects (Granite Creek, Archimedes, and Cove) and one open pit project (Granite Creek open pit), as well as the refurbishment of the Lone Tree Plant. The company also initiated its largest drill program to date and reported its highest quarterly gross profit. Operational highlights include progress at Granite Creek and Archimedes projects, with the Lone Tree Plant refurbishment on track for a first gold pour in December 2027. The company has also discontinued the sale of its non-core FAD property.