Group 1 - i-80 Gold Corp has filed a prospectus supplement to its short form base shelf prospectus, aiming to distribute a minimum of 18,000,000 common shares at a price of C$0.80 per share, with minimum gross proceeds of C$14,400,000 and a maximum of 36,250,000 shares for up to C$29,000,000 [1][2] - The size of the Offering has been increased from US$10 million to US$20 million (C$29 million), pending regulatory approvals, with an expected closing date around January 31, 2025 [2] - Concurrently, the Company will complete a private placement offering of up to 1,004,208 subscription receipts at C$0.80 each, aiming for gross proceeds of up to C$803,367, with specific conditions for the release of escrowed funds [5] Group 2 - The Company is focused on unlocking the value of its high-grade gold deposits to establish itself as a mid-tier gold producer in Nevada, where it holds the third largest gold mineral resources [8] - The common shares of i-80 Gold Corp are listed on the TSX and NYSE American under the symbols IAU:TSX and IAUX:NYSE, respectively [8]

Core Viewpoint - i-80 Gold Corp. is conducting a prospectus offering of common shares to raise gross proceeds of US$10 million, with shares priced at C$0.80 each [1][2]. Group 1: Offering Details - The offering aims to raise an aggregate gross amount of US$10 million [1]. - The shares will be priced at C$0.80 each [1]. - The net proceeds will be utilized for project development in Nevada, working capital, and general corporate purposes as part of the company's recapitalization plan, expected to be completed by March 31, 2025 [2]. Group 2: Regulatory and Filing Information - The offering will be conducted under a prospectus supplement to the company's short form base shelf prospectus filed on June 21, 2024 [3]. - The prospectus supplement will be filed with securities regulatory authorities in Canada (excluding Québec) and the U.S. Securities and Exchange Commission [3]. - The completion of the offering is subject to regulatory approvals from the Toronto Stock Exchange and NYSE American, along with other customary closing conditions [4]. Group 3: Company Overview - i-80 Gold Corp. is focused on mining in Nevada and holds the third largest gold mineral resources in the state [7]. - The company's recapitalization plan aims to unlock the value of its high-grade gold deposits to establish itself as a mid-tier gold producer in Nevada [7].

Core Viewpoint - i-80 Gold Corp has successfully amended and restated its convertible credit agreement with Orion Mine Finance, extending the maturity date and issuing warrants as part of the agreement [1][2]. Group 1: Convertible Credit Agreement - The maturity date of the A&R Convertible Credit Agreement has been extended by six months to June 30, 2026, with additional security required by March 31, 2025 [2]. - The company issued five million common share purchase warrants to Orion with an exercise price of C$1.01, expiring on January 15, 2029 [2]. - The issuance of the 2025 Orion Warrants is considered a related party transaction due to Orion's significant shareholding in the company [7]. Group 2: Financing and Use of Proceeds - i-80 Gold intends to complete a prospectus financing of common shares for gross proceeds of US$10 million, with participation expected from major shareholders [3][4]. - The net proceeds from the offering will be used for project development in Nevada and for working capital as part of the company's recapitalization plan [4]. Group 3: Regulatory and Compliance - The offering will be made pursuant to a prospectus supplement filed with Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission [5]. - The consummation of the offering is subject to regulatory approvals from the Toronto Stock Exchange and NYSE American [6].

Core Viewpoint - i-80 Gold Corp. has reached an agreement with certain convertible debenture holders to amend the terms of its convertible debentures, marking the first step in the second phase of its recapitalization plan, which is expected to be completed by the end of Q1 2025 [1][4][9]. Summary by Sections Recapitalization Plan - The company completed the first phase of its recapitalization plan by deferring gold and silver deliveries on December 31, 2024 [9]. - The second phase aims to unlock the value of high-grade gold projects in Nevada [9]. Convertible Debentures - On February 22, 2023, the company closed a private placement offering of $65 million principal amount of secured convertible debentures [2]. - As of October 15, 2024, debenture holders representing approximately 66 2/3% of the principal amount appointed a committee to direct the trustee on behalf of the debenture holders [3]. Amendments to Indenture - The agreement includes three amendments to the indenture: 1. The conversion price for noteholders will be adjusted to the volume weighted average price of i-80 Gold common shares on the TSX during the five trading days before the conversion, minus a 15% discount [5]. 2. The company's right to grant security on a pari-passu basis against McCoy-Cove is removed, ensuring debenture holders remain senior secured [6]. 3. A new redemption right allows the company to redeem the debentures for cash at a 104% premium of the outstanding principal, providing greater flexibility [7]. Approval and Conditions - The amendments are subject to approval from the committee, TSX, and NYSE American [8]. - A waiver of an event of default related to a minimum cash requirement was granted, contingent upon the implementation of the amendments by February 28, 2025 [7].

Group 1 - The article expresses personal opinions and analysis based on cited sources, aiming to share interesting ideas or discoveries that may help others or generate meaningful conversation [1][3] - The author has a beneficial long position in the shares of IAUX, indicating a personal investment interest in the company [2] - There is no formal securities training mentioned, suggesting that the insights provided may be based on personal experience rather than professional qualifications [1] Group 2 - The article does not provide any specific investment recommendations or advice, emphasizing that past performance is not a guarantee of future results [4] - The author does not have any business relationships with companies mentioned, which may indicate an attempt to maintain objectivity in the analysis [2][4] - The views expressed may not reflect those of the platform as a whole, highlighting the individual nature of the analysis [4]

Financial Data and Key Metrics Changes - Revenues for Q3 2024 totaled $11.5 million, down from $13.2 million in the same period last year, primarily due to lower volumes sold, partially offset by higher gold prices [36] - Gold sales in Q3 2024 were 3,063 ounces at an average realized price of $2,422 per ounce, compared to 4,585 ounces at $1,895 per ounce in Q3 2023 [37] - The company recorded a loss per share of $0.10 for the quarter, a decrease from a loss of $0.01 in the prior year, mainly due to $10.3 million in expenses related to derivative instruments [39] - Cash at the end of the quarter was $21.8 million, a decrease of $26 million from the previous quarter, attributed to cash used in operations and capital expenditures [41] Business Line Data and Key Metrics Changes - The Granite Creek underground mine is ramping up but faced lower production due to increased groundwater ingress, impacting productivity [18] - The ore control reconciliation showed positive results, with better grades and increased ounces mined compared to previous periods [20] - The Granite Creek open pit project is expected to have a mineral resource of over 1 million ounces at an average grade of approximately 1.4 grams per ton [21] Market Data and Key Metrics Changes - The company is focusing on advanced stage gold and silver projects, deferring exploration on base metal targets due to balance sheet constraints [11] - The Ruby Hill Complex includes significant base metal potential, but focus has shifted to more advanced gold projects with clearer cash flow generation timelines [23] Company Strategy and Development Direction - The new development plan aims to transition the company into a mid-tier gold producer with annual production of 400,000 to 500,000 ounces by the early 2030s [49] - The company plans to prioritize advanced stage projects with established resources and technical studies, deferring higher risk projects until the balance sheet is stronger [11][12] - A recapitalization plan is being pursued to address balance sheet issues and support the new development strategy [43] Management's Comments on Operating Environment and Future Outlook - Management believes the balance sheet issues are fixable and that the asset base has significant potential, with a viable path to generating free cash flow [61] - The company is confident in its ability to raise additional funds and restructure its debt obligations to support the new development plan [62] - Management emphasized the importance of focusing on projects that can generate cash flow in the near term while maintaining a long-term growth perspective [68] Other Important Information - The company has made organizational changes, including new hires and promotions, to support the execution of the new development plan [51] - The Lone Tree Autoclave remains a key processing facility, with ongoing feasibility studies to determine the best path forward for refurbishment [16] Q&A Session Summary Question: What are the key risks on the balance sheet and how will they be addressed? - Management views the balance sheet as fixable and believes there is a larger pool of capital available for Nevada projects compared to previous experiences in West Africa [60] Question: Is asset sales part of the strategic thinking to alleviate financial strains? - Management is open to options that create shareholder value but believes the current asset values are higher than the market cap, making asset sales less appealing at this time [67] Question: Was there consideration to simplify the development plan? - Management clarified that while five mines are planned, four of them have low technical and financial commitments, making the development manageable [71] Question: What is the expected cash consumption for Q4? - Management expects continued capital consumption due to negative cash flow from Granite Creek but has put discretionary expenditures on hold until refinancing is complete [87] Question: Is a debt to equity conversion on the table? - Management prefers to limit dilution and leverage the asset base to restructure the balance sheet without resorting to debt to equity conversions [101]

MADE IN THE U.S.A. N YS E : I A U X | T S X : I A U Q3 Conference Call November 2024 DISCLAIMER CautionaryStatementRegardingForward-LookingInformation Certain statements in this presentation constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including but not limited to statements or information regarding: low capital intensity of certain Projects with near term cash flow opportunity; all deposits being open for expansion; execution and ...

Condensed Consolidated Interim Financial Statements September 30, 2024 (Stated in thousands of United States Dollars) (Unaudited) 1 NOTICE TO SHAREHOLDERS i-80 Gold Corp For The Three and Nine Months Ended September 30, 2024 MANAGEMENT'S RESPONSIBILITY FOR FINANCIAL REPORTING The accompanying unaudited condensed consolidated interim financial statements of i-80 Gold Corp were prepared by management in accordance with International Financial Reporting Standards ("IFRS Accounting Standards"). Only changes in ...

RENO, Nev., Sept. 18, 2024 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company") is pleased to announce that Mr. Richard Young has been appointed as Chief Executive Officer and a director effective immediately, succeeding Ewan Downie following his retirement as CEO. This appointment completes the previously announced succession process. Mr. Downie will also step down as a director of the Company and will continue as an advisor to the Company. Mr. Young brings extensive financial, ...

Condensed Consolidated Interim Financial Statements June 30, 2024 (Unaudited) (Stated in thousands of United States Dollars) NOTICE TO SHAREHOLDERS 1 For The Three and Six Months Ended June 30, 2024 i-80 Gold Corp MANAGEMENT'S RESPONSIBILITY FOR FINANCIAL REPORTING The accompanying unaudited condensed consolidated interim financial statements of i-80 Gold Corp were prepared by management in accordance with International Financial Reporting Standards ("IFRS Accounting Standards"). Only changes in accounting ...