i-80 Gold Reports First Quarter 2026 Results; Fully Funded Development Plan on Track

News provided by i-80 Gold Corp May 12, 2026, 17:19 ET Share this article Share to X Share this article Share to X TORONTO , May 12, 2026 /PRNewswire/ - i-80 GOLD CORP. (NYSE: IAUX ) (TSX: IAU) ("i-80 Gold" or the "Company") reports its financial and operating results, as well as development highlights, for the first quarter and three months ended March 31, 2026. " i-80 Gold is off to a strong start in 2026, advancing our growth strategy to create a Nevada based mid-tier gold producer while completing a transformational recapitalization during the first quarter that fully funds our current development plan , (1) " stated Richard Young, President & CEO. " The financing packages executed in the first quarter significantly strengthen i-80 Gold's balance sheet and materially derisk execution of the development plan.

Following the recapitalization, we approved a key construction decision related to the autoclave refurbishment, a cornerstone asset within our planned hub and spoke plan to develop our underground deposits within phase one of our development plan, which is targeting 150,000 to 200,000 ounces of gold beginning in 2028 (1) . Further, we initiated the 2026 drill program, representing the largest program in the Company's history in terms of planned footage and budget, supporting resource and reserve development in preparation of pre-feasibility and feasibility studies. In parallel, the business delivered its highest quarterly gross profit to date, supported by higher gold output and a higher realized gold price.

We also continued to attract quality talent across the Company and at the Board level, further strengthening our ability to execute on our business plan. " FIRST QUARTER FINANCIAL, OPERATING AND DEVELOPMENT HIGHLIGHTS Three months ended March 31, 2026 compared to three months ended March 31, 2025 Unless otherwise stated, all amounts referred to herein are in U.S. dollars