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 ...

Core Viewpoint - New Fortress Energy Inc. (NFE) is separating its Brazilian operations into an independent entity, BrazilCo, as part of a broader recapitalization transaction aimed at enhancing growth and strengthening Brazil's energy infrastructure and security [1][7]. Company Structure and Ownership - BrazilCo will be owned by a consortium of global institutional investors with over $20 trillion in assets under management, focusing on infrastructure development and long-term value creation [2]. - The leadership of BrazilCo will continue under executives Leandro Cunha and Jeremy Dawson, who have extensive experience in energy operations [3]. Strategic Priorities and Assets - BrazilCo aims to address Brazil's growing energy demand with key strategic assets, including: - **TGS Terminal**: A critical infrastructure asset in Santa Catarina, facilitating access to natural gas for power generation, with participation in LRCAP capacity auctions expected in March 2026 [4]. - **Barcarena Cluster**: Development of the 624 MW CELBA 2 and 1.6 GW PortoCem power plants, supported by the 5.9 MTPA Barcarena terminal [4]. - **Standalone Gas and Vessel Supply**: Securing gas supply and vessel support is a top priority, with ongoing processes to meet these needs [4]. Economic Impact - The Barcarena and TGS projects are projected to drive significant economic development, creating hundreds of direct construction jobs and thousands of indirect employment opportunities across various sectors [5]. Operational Continuity - The separation will not affect the day-to-day operations in Brazil, and BrazilCo remains committed to maximizing local economic benefits by working with local suppliers and communities [6]. Future Outlook - The transaction is expected to close in mid-2026, pending customary conditions and regulatory approvals, marking a significant milestone for the company in Brazil [7].

Core Viewpoint - New Fortress Energy Inc. has entered into a Restructuring Support Agreement with creditors as part of a consensual UK Restructuring Plan, marking a significant restructuring transaction expected to close by Q3 2026 [1][5]. Group 1: Restructuring Details - The restructuring involves separating New Fortress Energy into two independent entities: "BrazilCo," which will be privately held and owned by creditors, and "New NFE," a publicly traded company comprising the remaining assets and operations [2]. - Creditors will exchange their debt for a combination of "New NFE" debt, preferred equity, and common shares, with existing shareholders facing dilution to 35% of "New NFE" common equity [3][7]. - The transaction includes the issuance of $2.5 billion of "New NFE" preferred equity with a three-year term and a PIK coupon structure of 3%, 5%, and 7% for each respective year [3][7]. Group 2: Future Outlook - "New NFE" is positioned to be a capital-light, low-leverage business generating significant free cash flow, supported by long-term supply and demand dynamics [5]. - The company plans to launch the UK RP process in April 2026, with court hearings to follow, aiming for completion by Q3 2026 [5]. Group 3: Financial Impact - The restructuring is expected to reduce "New NFE" corporate debt from approximately $5.7 billion to around $527.5 million [7]. - The restructuring is anticipated to enhance the company's financial stability and growth potential moving forward [5].

Ardagh Group S.A. Fourth Quarter & Full Year 2025 Update February 26, 2026 Mark Porto Executive Chair, Ardagh Group Todd Brents Interim CFO, Ardagh Group Mike Dick CEO, Ardagh Glass Packaging 1 Disclaimer Forward-Looking Statements This presentation contains forward-looking statements relating to the business, financial performance and results of Ardagh Group and/or the industry and markets in which it operates. Forward-looking statements are not historical facts and are inherently subject to known and unkn ...

Chawrun and CFO Ryan Snow both pointed to processing delays as a key contributor to inventory build. Chawrun said the sulfide stockpile was higher than expected, estimated at 6,500 ounces of recovered gold, and management expects to process this material in the first quarter of 2026. Snow added that the company’s third-party processing agreement allows up to 120 days for delivered material to be processed, which can create timing differences between mining, production, and sales. He also noted the company’s ...

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].

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]

Financial Data and Key Metrics Changes - The company reported GAAP earnings of $2.5 million for Q4 2025, with a per diluted share loss of -$0.06 and a book value of approximately $300 million, or $31 per diluted share [8][9] - The common stock dividend yield is 8.7%, and the company has about $100 million in cash and liquidity [9] Business Line Data and Key Metrics Changes - The company is focused on acquiring multifamily loans from its operating business, Genesis, which is projected to produce between $6 billion and $7 billion in loans this year, up from $1.7 billion in production when acquired [11][12] - The company has identified a pool of assets worth around $1 billion that could be added to the vehicle, which would lead to an immediate increase in earnings [31] Market Data and Key Metrics Changes - The company is currently trading at roughly 50% of its book value, with a trading price around $15 [7] - The commercial real estate sector is experiencing dislocation, with many REITs facing liquidity issues, which presents an opportunity for the company to grow [9][10] Company Strategy and Development Direction - The company aims to transition into a dedicated commercial real estate vehicle and opportunistic investment vehicle, focusing on capital formation to achieve earnings growth between $1.60 and $1.70 per share [5][6] - The strategy includes acquiring multifamily loans and expanding into commercial real estate investments, with a focus on patience until market conditions stabilize [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for earnings growth and the ability to attract third-party capital, while emphasizing the importance of timing and market conditions [29][30] - The company is exploring opportunities to become a Fannie Mae and Freddie Mac servicer or originator, aiming for an end-to-end customer relationship in the lending process [43][44] Other Important Information - The company announced a reverse stock split of 6-for-1 to attract more interest in its stock [4] - Management highlighted the importance of maintaining a clean balance sheet and being patient in the current market environment [9][10] Q&A Session Summary Question: Will RPT receive a slice of the NOI from the Paramount transaction? - Management indicated that RPT has $50 million of the Paramount deal on its balance sheet, and it will be a pro rata share of what Rithm did [20] Question: Are there plans to acquire more loans from Genesis? - Management confirmed that Genesis is expected to produce $6 billion-$7 billion in loans, and there are identified loans that could go onto the balance sheet, leading to a real increase in earnings [21] Question: Is there a tolerance for finding other sources of capital? - Management stated that there is third-party capital interested in the vehicle, and they are open to bringing in additional capital as long as it is not highly dilutive [29][30] Question: What types of loans will be the primary source for RPT? - Management noted that the primary source will be multifamily loans generated by Genesis, which are expected to be highly accretive [31] Question: Is there an opportunity to acquire from banks? - Management mentioned that there is not much bank selling currently, but the regional banks pulling back has created opportunities for Genesis to grow production [41]