In Q1 2026, i-80 Gold Corp. significantly increased revenue and gross profit driven by higher gold sales and record realized prices, reflecting operational progress at Granite Creek. The company completed a major recapitalization exceeding $1 billion, enhancing liquidity to fund its three-phase development plan anchored by underground refractory mines and refurbishment of the Lone Tree processing plant. While operational losses widened due to increased exploration, pre-development expenses, and non-cash derivative losses, these investments underpin the scalability path toward over 600,000 ounces of annual gold output. Key risks remain around the absence of defined mineral reserves and the execution complexity of multi-project development within a competitive Nevada mining landscape.