i-80 Gold Reports Q4 Revenue of $21.3M
Reports Q4 revenue $21.3M vs. $23.2M last year. "In 2025 we made significant progress in advancing our development plan and recapitalizing the Company's balance sheet," said Richard Young, President & CEO. We advanced technical and permitting work, as well as exploration and infill drilling programs across our gold projects in the development plan. We also completed the Lone Tree refurbishment study which underpins our hub and spoke processing strategy for our three high-grade underground mines. We are targeting to complete our recapitalization plan by the end of the first quarter, which is expected to fully fund phase one and two of our development plans while also providing flexibility and optionality for both our near-term and longer-term growth plans, at competitive costs. As we enter 2026, we look forward to ramping up production at Granite Creek, beginning the refurbishment of our Lone Tree Plant, commencing mining at our second underground mine Archimedes, and continuing to advance our technical and permitting work on our remaining projects, in particular at Mineral Point, our large open pit heap leach project. We anticipate this year to be another transformational year for i-80 Gold."
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- Project Location: The Archimedes Underground Project is situated on the Ruby Hill property in northeastern Nevada, at the southeastern end of the Battle Mountain-Eureka Trend, indicating significant mineral potential in the area.
- Drilling Activities: i-80 Gold Corp has recently completed drilling activities at the Archimedes Project, aimed at assessing gold resources in the region, thereby advancing the company's exploration strategy.
- Results Announcement: The release of these drilling results marks a significant advancement in the company's resource evaluation efforts, potentially providing data support for future development plans.
- Market Impact: With the announcement of drilling results, i-80 Gold Corp may attract increased investor attention, enhancing its competitiveness in the gold mining market.
- Resource Assessment Update: As of December 31, 2025, the Archimedes Project hosts an indicated gold resource of 436,000 ounces and an inferred resource of 988,000 ounces, indicating significant potential in Nevada that is expected to support the company's future gold production.
- High-Grade Mineralization Confirmation: Recent drilling results show that hole iAU26-05 in the Upper Archimedes area returned 24.6 g/t Au over 23.6 meters, further enhancing confidence in mineralization continuity and potentially driving the project's economic viability.
- Development Progress on Track: As of the first quarter of 2026, development at the Archimedes project has exceeded plans with approximately 1,200 meters completed, and first gold mining is expected to commence in the third quarter of 2026, ensuring timely project advancement.
- Clear Future Plans: The company plans to initiate drilling in the Lower Archimedes area in the second quarter of 2026, targeting approximately 55,000 meters to support a new mineral resource estimate and feasibility study, further enhancing the economic value of the resources.
- Financing Accelerates Development: Lake Victoria Gold has secured a gold loan facility of up to 6,000 ounces, valued at approximately $25 million from Monetary Metals, alongside a $3 million convertible debenture financing, ensuring near-term working capital and paving the way for larger project-level funding for the Imwelo Gold Project.
- Optimistic Gold Price Outlook: Wall Street projects gold prices to average between $4,700 and $5,200 per ounce in 2026, with some banks flagging potential upside beyond $6,000, providing a favorable margin for developers who have locked in financing and permits, thus attracting capital towards construction-stage projects in Africa and South America.
- Project Progressing Smoothly: The Tanzanian government has formally begun incorporating its statutory 16% free carried interest in the Tembo mining licenses, signaling advancement through the regulatory framework, while an agreement with Nyati Resources allows for toll milling, reducing upfront capital expenditures.
- High Recovery Rates: Recent results from the Imwelo project indicate gold recovery rates of up to 97% using conventional processing methods, with drilling at Area C returning grades of 11.88 g/t gold, enhancing the project's economic potential and feasibility.
- Successful Financing: i-80 Gold Corp has closed a $150 million Gold Prepay Facility with National Bank of Canada and Macquarie Bank, marking the successful implementation of its recapitalization plan and expected to provide ample funding for future growth.
- Project Advancement: This financing enables the company to fully advance three underground projects, including Granite Creek, Archimedes, and Cove, as well as the Granite Creek open pit oxide project, with anticipated average annual gold production increasing to 300,000 to 400,000 ounces by 2031.
- Enhanced Financial Flexibility: The company has secured over $1 billion in capital, ensuring funding for Phase 1 and Phase 2 of its development plan, thereby strengthening its execution capabilities across its project pipeline in Nevada.
- Strategic Development Plans: i-80 Gold plans to execute an additional $100 million accordion feature in the first half of 2027, which is expected to further advance the development of the Mineral Point project and optimize the overall development timeline.
- Successful Financing: i-80 Gold Corp has closed a $150 million Gold Prepay Facility with National Bank of Canada and Macquarie Bank, marking a significant milestone in its recapitalization efforts and providing ample funding to advance its development plans, thereby enhancing confidence in future growth.
- Development Plan Advancement: With this financing, i-80 Gold has raised over $1 billion, which is expected to fully fund Phases 1 and 2 of its development plan, aiming to increase average annual gold production to between 300,000 and 400,000 ounces by 2031, significantly boosting the company's competitive position in the market.
- Project Diversification: The company is obligated to deliver 39,978 ounces of gold over the next 30 months and anticipates executing an additional $100 million accordion feature in the first half of 2027, further enhancing its financial flexibility to support multiple gold projects.
- Strategic Positioning: The completion of this financing allows i-80 Gold to focus on the construction of five gold projects and the centralized autoclave processing facility in Nevada, which is expected to create significant value for all stakeholders and solidify its leading position in the industry.

Gold Prepayment Facility: A new gold prepayment facility has been established, allowing for up to $250 million in funding.
Recapitalization Completion: The completion of a recapitalization process has been achieved, ensuring financial stability.
Fully Funded Development Plan: The initiative includes the establishment of a fully funded development plan to support future projects.
Strategic Financial Move: This move is part of a broader strategy to enhance operational capabilities and secure financial resources.








