Financial Data and Key Metrics Changes - In 2025, the company achieved consolidated gold output of just under 32,000 ounces, meeting production guidance, with inventory buildup impacting higher production levels [2][3] - Gold sales for the year increased to approximately 28,200 ounces, compared to 21,500 ounces in the prior year, with total revenue from gold sales rising to approximately $95 million from $50 million [22][23] - The company reported a net loss of just under $200 million or $0.10 per share, while adjusted loss was $123 million, compared to $111 million in the prior year [24] Business Line Data and Key Metrics Changes - At Granite Creek, mining activities ramped up, resulting in over 41,000 tons of high-grade mineralized material mined in the fourth quarter, including approximately 15,000 tons of high-grade oxide material at a grade of 11.19 grams per ton gold [6][7] - The company began construction of Archimedes, the second underground mine, with underground development advancing ahead of expectations, reaching approximately 680 meters by year-end [11] - The Cove project has seen significant advances in geological understanding, with a feasibility study nearly complete, although additional work is required [14][15] Market Data and Key Metrics Changes - The company secured a financing package of up to $500 million, including a $250 million royalty from Franco-Nevada and a gold prepayment facility with National Bank of Canada and Macquarie [26][27] - The recapitalization plan is expected to fully fund phase one and phase two of the development plan, increasing annual production to approximately 300,000-400,000 ounces of gold from less than 50,000 ounces currently [30] Company Strategy and Development Direction - The company aims to create a mid-tier gold producer, focusing on advancing its development plan and recapitalizing its balance sheet [2][3] - The refurbishment of the Lone Tree process plant is central to the company's hub and spoke strategy, designed to process material from its three underground mines [16][17] - The company plans to publish feasibility studies for its three high-grade underground projects and a pre-feasibility study for the Mineral Point project within the next 12-18 months [32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the operational improvements at Granite Creek and the potential for expansion at the Mineral Point project, emphasizing the importance of accelerating development [11][44] - The company is focused on moving its valuation closer to net asset value (NAV) as it continues to execute its development plan [32] Other Important Information - The company achieved an improved safety performance target, finishing the year with a total recordable incident rate (TRIR) of 0.62, including an incident-free fourth quarter [4] - The company plans a $10 million exploration drill program in 2026 to test high-potential targets and further delineate resources [10] Q&A Session Summary Question: Can you elaborate on the $400 million+ CapEx for the Lone Tree autoclave project? - The autoclave vessel needs rebricking, and the CIL circuit tanks need replacement, along with upgrades to the filtration system and instrumentation, leading to the total cost of $430 million [35][37] Question: Did you consider other engineering firms for the project? - The project has been worked on for approximately four years, and Hatch, which built the facility in the 1990s, was chosen for its expertise [38][39] Question: With the pre-development work at Mineral Point moved forward, does this allow for earlier value realization? - Accelerating development at Mineral Point is seen as beneficial, with the potential for increased resource and reserve base through the planned drilling program [43][44] Question: How should one model production and capture margin upside? - The sulfide toll milling charge is about $275-$280 per ton, which is significantly higher than internal processing costs, and detailed cost structures will be available after the tech report is completed [45][46]

Financial Data and Key Metrics Changes - In 2025, the company achieved consolidated gold output of just under 32,000 ounces, meeting production guidance despite inventory buildup at the end of the quarter [2][3] - Gold sales for the year increased to approximately 28,200 ounces, compared to 21,500 ounces in the prior year, with total revenue from gold sales rising to approximately $95 million from $50 million [22][23] - The company reported a net loss of just under $200 million or $0.10 per share, while adjusted loss was $123 million, compared to $111 million in the prior year [24] Business Line Data and Key Metrics Changes - At Granite Creek, mining activities ramped up, resulting in the mining of just over 41,000 tons of high-grade mineralized material in the fourth quarter [6][7] - The company mined approximately 142,000 tons of high-grade mineralized material for the year, with total gold production of 3,600 ounces for the quarter and 23,000 ounces for the full year [7] - The construction of Archimedes, the company's second underground mine, commenced, with underground development advancing ahead of expectations [11] Market Data and Key Metrics Changes - The company secured a financing package of up to $500 million, which includes a $250 million royalty from Franco-Nevada and a gold prepayment facility with National Bank of Canada and Macquarie [26][30] - The recapitalization plan is expected to fully fund phase one and phase two of the development plan, increasing annual production to approximately 300,000-400,000 ounces of gold from less than 50,000 ounces currently [30] Company Strategy and Development Direction - The company aims to create a mid-tier gold producer and has advanced its development plan, including the refurbishment of the Lone Tree process plant, which is central to its hub and spoke strategy [3][17] - The focus for 2026 includes advancing drilling, technical studies, and permitting across its portfolio of projects, with a $10 million exploration drill program planned for Granite Creek [10][11] - The company is targeting to accelerate the development of the Mineral Point project, which is seen as the most valuable asset within the portfolio [44] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the operational improvements at Granite Creek and the potential for expansion at the South Pacific Zone [9][10] - The company is entering a pivotal period to unlock shareholder value, with plans to publish feasibility studies for its high-grade underground projects and ramp up production [32] - Management highlighted the importance of the recapitalization plan in providing financial flexibility to advance development projects [30] Other Important Information - The company achieved an improved safety performance target, finishing the year with a total recordable incident rate (TRIR) of 0.62 [4] - The upgraded pumping system and construction of a larger water treatment plant are expected to enhance operational efficiency [8] Q&A Session Summary Question: What are the changes required for the Lone Tree autoclave project costing over $400 million? - The autoclave vessel needs to be rebricked, and the CIL circuit tanks need replacement, along with installation of vessels for off gas and a new filtration system [37] Question: Did the company seek alternative proposals for the engineering work? - The project has been worked on for approximately four years, and Hatch, which built the facility in the 1990s, was chosen for its expertise [38][39] Question: Will accelerating pre-development work at Mineral Point realize value sooner? - Accelerating development is beneficial, and the company is looking at options to advance permitting and development ahead of the original schedule [44]

Financial Data and Key Metrics Changes - In 2025, the company achieved consolidated gold output of just under 32,000 ounces, meeting production guidance despite inventory buildup at the end of the quarter [2][3] - Gold sales for the year increased to approximately 28,200 ounces, compared to 21,500 ounces in the prior year, with total revenue from gold sales rising to approximately $95 million from $50 million [21][22] - The company reported a net loss of just under $200 million or $0.10 per share, while adjusted loss was $123 million, compared to $111 million in the prior year [22][23] Business Line Data and Key Metrics Changes - At Granite Creek, mining activities ramped up, resulting in the mining of just over 41,000 tons of high-grade mineralized material in Q4, including approximately 15,000 tons of high-grade oxide material at a grade of 11.19 grams per ton gold [5][6] - The company mined approximately 142,000 tons of high-grade mineralized material for the year, with total gold production of 3,600 ounces for Q4 and 23,000 ounces for the full year [7][6] - The construction of Archimedes, the company's second underground mine, commenced, with underground development advancing ahead of expectations [11][12] Market Data and Key Metrics Changes - The company secured a financing package of up to $500 million, which includes a $250 million royalty commitment from Franco-Nevada and a gold prepayment facility with National Bank of Canada and Macquarie [25][26] - The recapitalization plan is expected to fully fund phase one and phase two of the development plan, increasing annual production to approximately 300,000-400,000 ounces of gold from less than 50,000 ounces currently [28][29] Company Strategy and Development Direction - The company aims to create a mid-tier gold producer by advancing its development plan and recapitalizing its balance sheet [2][3] - The refurbishment of the Lone Tree process plant is central to the company's hub and spoke strategy, designed to process material from its three underground mines [16][17] - The company plans to publish feasibility studies for its three high-grade underground projects and advance the refurbishment of the Lone Tree autoclave over the next 12-18 months [30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the operational improvements at Granite Creek and the potential for expansion at the Granite Creek Underground [9][10] - The company is focused on accelerating the development of the Mineral Point project, which is seen as the most valuable asset within the portfolio [41] - Management anticipates that the recapitalization will provide the necessary financial flexibility to advance drilling and technical work, ultimately leading to earlier development timelines [41] Other Important Information - The company achieved an improved safety performance target, finishing the year with a total recordable incident rate (TRIR) of 0.62, including an incident-free fourth quarter [4] - The company plans a $10 million exploration drill program in 2026 to test high-potential targets and further delineate resources [10] Q&A Session Summary Question: Can you elaborate on the $400 million+ CapEx for the Lone Tree autoclave project? - The autoclave vessel needs to be rebricked, and the CIL circuit tanks need replacement, along with upgrades to the filtration system and instrumentation, leading to the high cost [34] Question: Did you seek alternative proposals for the engineering work? - The project has been worked on for approximately four years, and Hatch, which built the facility in the 1990s, was chosen for its expertise [36][37] Question: Will accelerating pre-development work at Mineral Point allow for earlier value realization? - Yes, the financial flexibility gained from the recapitalization allows for advancing drilling and technical work, targeting earlier development than originally planned [41]

(loss)$000s4,6841,80311,506(15,723)Net loss$000s(85,559)(17,730)(198,847)(121,533)Loss per share$/share(0.10)(0.04)(0.30)(0.34)Adjusted loss1$000s(37,779)(24,995)(122,920)(111,221)Adjusted loss per share1$/share(0.05)(0.06)(0.18)(0.31)Cash flow used in operating activities$000s(34,310)(9,223)(83,591) (82,501)Cash and cash equivalents$000s63,24019,00163,24019,001Drillingmeters13,1938,08736,51432,376Gold producedoz5,6746,35931,93026,264Gold ounces sold1oz5,4779,05328,19621,527Average realized gold price2$/oz3 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 I-80 GOLD CORP. (Exact Name of Registrant as Specified in Its Charter) For the Transition Period from ____ to ____ Commission File Number: 001-41382 British Columbia N/A (State or Other Jurisdiction of Inc ...

i-80 Gold Announces Details for Q4 and Full Year 2025 Results Release and Conference Call [Accessibility Statement] Skip NavigationTORONTO, Feb. 13, 2026 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) ("i-80 Gold" or the "Company") is scheduled to release its financial and operating results for the three and twelve months ended December 31, 2025, including development highlights, on Thursday, February 19, 2026, after market close. Management will host a conference call and audio webcast the ...

Granite Creek mine located approximately 43 km northwest of Winnemucca, Nevada. Credit: i-80 Gold Corp. i-80 Gold (TSX: IAU) (NYSE-A: IAUX) surged to its highest in nearly three years on Thursday after securing a $500 million financing package to fund its mine development plans and erase its debt obligations.Together with its equity offering in the second quarter of 2025, the Reno, Nevada-based gold developer said it has now raised $800 million to support its objective of achieving mid-tier producer status. ...

revenue (gold, platinum group metals, copper, nickel, uranium, silver, iron ore and oil and gas); fluctuations in subject to completion of 2026 budgeted spending at Mineral Point.Additional Considerations- Closing of the transaction is subject to customary conditions and is expected to occur in March 2026.- Franco-Nevada will partner with i-80 Gold on environmental and social initiatives in Nevada.- Franco-Nevada will maintain a right of first offer on future streams, royalties and similar interests related ...

Core Viewpoint - i-80 Gold Corp has secured a financing package of up to $500 million to support its development plan, marking a significant step in its recapitalization efforts aimed at becoming a mid-tier gold producer in Nevada [1][2]. Financing Package Details - The financing package consists of a $250 million royalty sale and a gold pre-payment facility for up to $250 million, contributing to over $800 million in total funding for the company's objectives [1][2]. - The recapitalization plan targets an overall amount of $900 million to $1 billion, which includes retiring existing convertible debentures and potentially selling a non-core asset [1][2]. Production Goals - The financing will enable the company to increase annual gold production to approximately 300,000 – 400,000 ounces from less than 50,000 ounces currently, driven by its three underground mines and one oxide open pit operation in Nevada [1][2]. - The three-phase development plan aims to boost production to over 600,000 ounces annually starting in 2032, with the Mineral Point project being a key component of this growth [2][3]. Debt Management - Proceeds from the financing package will be used to extinguish approximately $175 million in existing debt obligations, including settling a Gold Prepay Agreement and retiring convertible debentures [1][3]. - The company plans to replace existing convertible debentures with new ones on more favorable terms [1][2]. Project Development - The financing will support the advancement of five gold projects, refurbish the Lone Tree Plant, and fund resource expansion and infill drilling [1][2]. - The Gold Prepayment facility includes an initial advance of $150 million, with an accordion feature for an additional $100 million, requiring the delivery of 39,978 ounces of gold over a 30-month period starting January 2028 [2][3]. Strategic Partnerships - Franco-Nevada Corporation has committed to providing $250 million in royalty financing, with $225 million expected to be available at closing [1][2]. - National Bank of Canada and Macquarie Bank Limited are involved in the gold pre-payment facility, highlighting the credibility of the company's execution plan [2][3].

i-80 Gold Corp. (NYSE:IAUX) is among the 11 Best Gold Stocks to Buy for 2026. i-80 Gold Corp. (IAUX) Announces New High-Grade Assay Results i-80 Gold Corp. (NYSE:IAUX) released fresh high-grade test findings from its 2025 drilling program at Nevada’s Granite Creek Underground Project on January 20, 2026. The South Pacific Zone’s high-grade mineralization was verified by the results of forty holes, which also suggested the possibility of growth to the north and at depth. The 2025 program included step-out ...