All amounts referenced herein are expressed in United States dollars unless otherwise stated. TORONTO, March 24, 2026 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) ("i-80 Gold" or the "Company") is pleased to announce the closing of its previously announced gold prepayment facility (the "Gold Prepay Facility") with National Bank of Canada and Macquarie Bank Limited. The Gold Prepay Facility includes an initial advance of $150 million and a $100 million accordion feature. With the closing o ...

i-80 Gold Closes Upsized US$287.5 Million Offering of Convertible Senior Notes Accessibility StatementSkip NavigationTORONTO, March 23, 2026 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) ("i-80 Gold" or the "Company") is pleased to announce the closing of its previously announced offering (the "Offering") of 3.75% unsecured convertible senior notes due 2031 (the "Notes") for an aggregate principal amount of US$287.5 million, which includes the upsized Offering of US$250 million and the exe ...

The company priced its offering of unsecured convertible senior notes due 2031, upsizing from an initially planned $200 million to $250 million, with an option for additional notes. The proceeds are earmarked to advance various stages of its gold projects, refurbish the Lone Tree processing plant, and fund resource expansion and infill drilling.In addition to the offering, the notes will bear a cash interest rate of 3.75% per annum, with an initial conversion price set at approximately $1.93 per share, repr ...

i-80 Gold Announces Pricing of Upsized Offering of US$250 Million Convertible Senior Notes Accessibility StatementSkip NavigationTORONTO, March 19, 2026 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) ("i-80 Gold" or the "Company") announced that it has priced its previously announced offering (the "Offering") of unsecured convertible senior notes due 2031 (the "Notes"). The Company intends to issue US$250 million aggregate principal amount of Notes (or US$287.5 million aggregate principal a ...

Core Viewpoint - i-80 Gold Corp. is launching an offering of US$200 million in unsecured convertible senior notes due 2031 to fund its gold projects and general corporate purposes [1][2]. Group 1: Offering Details - The offering includes an option for initial purchasers to buy an additional US$30 million in notes within 20 days [1]. - The interest rate and conversion terms will be determined based on market conditions at the time of pricing [3]. - The notes will bear cash interest payable semi-annually and can be converted into common shares of i-80 Gold [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to advance five gold projects, refurbish the Lone Tree processing plant, and fund resource expansion and infill drilling [2]. Group 3: Regulatory and Compliance - The offering is subject to customary closing conditions, including approval from the Toronto Stock Exchange and NYSE American [4]. - The notes and shares will not be registered under the U.S. Securities Act and will only be offered to qualified institutional buyers [5]. Group 4: Company Overview - i-80 Gold Corp. is focused on becoming a mid-tier gold producer in Nevada, holding significant gold mineral resources and executing a hub-and-spoke mining strategy [7].

Core Viewpoint - i-80 Gold Corp. has successfully closed a $250 million royalty financing with Franco-Nevada, which will significantly strengthen its balance sheet and support its development plans to become a mid-tier gold producer in Nevada [2][3]. Financing Details - The $250 million royalty financing involves Franco-Nevada paying the company for a 1.5% life-of-mine net smelter return royalty, increasing to 3.0% on January 1, 2031 [3]. - At closing, $225 million was advanced, with approximately $165 million used to extinguish legacy debt obligations, and the remaining funds allocated for advancing the Mineral Point project and the Archimedes underground project [3]. Debt Redemption - The company completed the mandatory redemption of its 2027 Convertible Debentures for a total cash payment of $73 million, which includes a principal amount of $65 million and accrued interest of approximately $5.3 million [4]. - About 70% of the debenture holders opted to receive their accrued interest in common shares, resulting in the issuance of approximately 8.1 million shares [4]. Repayment to Orion - i-80 Gold has fully repaid the Gold Prepay Agreement and Convertible Loan Instruments held by Orion, totaling $92 million, which includes a principal amount of $50 million and approximately $20 million of accrued interest [5]. - An additional 3 million common shares were issued to Orion as part of the early redemption [5]. Company Overview - i-80 Gold Corp. is focused on becoming a mid-tier gold producer in Nevada, holding a significant portfolio of high-grade multi-stage projects [7]. - The company is the fifth largest gold mineral resource holder in Nevada and is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth [7].

Core Insights - i-80 Gold Corp. achieved its 2025 production guidance with nearly 32,000 ounces of gold output, resulting in a gross profit of $11.5 million for the year, marking a financial turnaround from the previous year's gross loss [1][2] - The company secured a $500 million financing package to support its development pipeline and mitigate balance sheet constraints [1] - Despite positive production figures, i-80 Gold reported a net loss of nearly $200 million for the year due to high exploration and pre-development expenses [2] Production and Development - Key milestones included the start of construction at the Archimedes underground mine and the completion of the engineering study for the refurbishment of the Lone Tree process plant [2] - Significant capital expenditures are planned for the Lone Tree autoclave restart, estimated to cost $430 million in the current inflationary environment [3] - The company is addressing operational challenges such as delays in third-party sulfide processing and the need for expanded dewatering infrastructure at Granite Creek [3] Future Plans - For 2026, i-80 Gold plans to leverage higher gold prices and its recent recapitalization to accelerate technical work and permitting at Mineral Point [3]

i-80 Gold Extends Deadline for Holders of Convertible Debentures to Submit Interest Conversion Election Notices [Accessibility Statement] Skip NavigationTORONTO, Feb. 25, 2026 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) ("i-80 Gold" or the "Company") announces, that in connection with the previously announced mandatory redemption of the Company's 8% secured convertible debenture notes due 2027 (the "Debentures"), the deadline for the holders of the Debentures ("Debentureholders") to subm ...

i-80 Gold Conference Call Summary Company Overview - **Company**: i-80 Gold (NYSEAM:IAUX) - **Focus**: Nevada-based mining company aiming to become a mid-tier gold producer through the development of four new mining operations [1] Key Points Production and Growth Plans - Current production is approximately **50,000 ounces** of gold per year, with a growth plan to increase production to over **600,000 ounces** within five years [2] - i-80 Gold holds the **fourth-largest mineral resource** in Nevada, with **6.5 million ounces** of measured and indicated gold and **7.5 million ounces** of inferred gold, along with **100 million ounces** of measured and indicated silver [2] Project Development - The company is transitioning from Preliminary Assessments (PAs) to feasibility studies, expecting a **one-to-one conversion** of inferred to measured and indicated resources [3] - The development plan consists of three phases, each expected to double production [3] - The **NAV** (Net Asset Value) for five projects is estimated at **$5 billion** at a gold price of **$3,000** [4] Mining Operations - Three high-grade underground mines are expected to produce between **150,000 to 250,000 ounces** annually, with two having a mine life of over **10 years** [4] - The flagship operation, **Granite Creek**, has a mine life of **17 years** based on current resources [4] Financing and Capital - The company has raised approximately **$800 million** towards a target of **$1 billion** for the development plan, including a recent **$500 million** financing package [6] - Plans to call existing convertible debentures totaling **$175 million** and replace them with a new convertible debenture of a similar amount [7] Future Plans and Feasibility Studies - Two feasibility studies for Granite Creek and Cove are expected to be filed in the second quarter, with Archimedes' study anticipated in the first quarter of the following year [8] - The refurbishment of the **Lone Tree** project is budgeted at **$400 million**, with completion expected by the end of **2027** [9] Market Position and Valuation - Current market capitalization is approximately **$2 billion** on a fully diluted basis [9] - The NAV at a **5% discount rate** is projected to be **$5 billion** at **$3,000 gold**, potentially doubling at current gold prices [10] Additional Insights Permitting and Regulatory Environment - i-80 Gold benefits from operating brownfield projects that have previously received regulatory approval, indicating a supportive permitting environment [15] - The company anticipates needing additional permits but is optimistic about the mining-friendly conditions in the U.S. [16] Workforce and Construction Challenges - The company has successfully hired experienced technical personnel to advance its development plans, indicating no current issues with contractor availability [19] - The industry in Nevada has shrunk over the past 30 years, leading to a pool of highly skilled labor available for projects [19] This summary encapsulates the key aspects of i-80 Gold's conference call, highlighting its production goals, project developments, financial strategies, and market positioning within the mining industry.

Core Viewpoint - i-80 Gold achieved its 2025 production guidance with consolidated gold output just under 32,000 ounces and announced significant operational and financial advancements, including a $500 million financing package to support its development plan [11][15][18]. Financial Performance - Gold sales increased to approximately 28,200 ounces in 2025, up from 21,500 ounces in the previous year, contributing to total revenue of about $95 million compared to $50 million in 2024 [12][18]. - The company reported a gross profit of $11.5 million for the year, a significant improvement from a gross loss of $15.7 million in 2024 [18]. - i-80 Gold closed the quarter with a cash balance of approximately $63 million, aligning with expectations under the recapitalization plan [13][18]. Operational Developments - The company began construction of its second underground mine, Archimedes, and completed an engineering study for the refurbishment of the Lone Tree process plant, which is central to its processing strategy [11][15]. - Operational improvements at Granite Creek included increased mineralized material mined and meeting safety performance targets, with a total of 41,000 tons of high-grade mineralized material mined in the fourth quarter [12][16]. Exploration and Future Plans - Significant exploration activities are planned for 2026, including a $10 million exploration drill program to test high-potential targets and further delineate resources at Granite Creek [16][18]. - The company is targeting an overall recapitalization amount of $900 million to $1 billion to complete its development plan by the end of the first quarter [13][19]. Project Milestones - The feasibility study for Granite Creek Underground is expected to be completed in the second quarter of 2026, with results from the 2025 drill program to be combined with previous data for an updated mineral resource estimate [16][18]. - A substantial $25 to $30 million drilling program is planned for Archimedes in 2026, with over 175 holes and 60,000 meters of drilling to support a feasibility study [16][18].