Recent developments highlight ongoing operational progress, insider buying activity, and strategic updates to the company’s development plan.

• In August 2026, CEO Richard Scott Young purchased 1 million shares, reflecting insider confidence in the company’s prospects [N1].
• The company held its Q2 2026 earnings call in August 2026, discussing operational results and development progress [N3].
• In March 2026, insider buying reports indicated purchases by company executives, signaling management’s commitment [N4].
• The company’s shares entered oversold territory in March 2026, reflecting market volatility [N5].
• In December 2025, the company was highlighted among sector leaders in precious metals and oil & gas exploration stocks [N8].
• The company announced the Granite Creek Underground Feasibility Study in September 2026, reporting increased mineral resources and reserves [S2].
• The company updated its development plan in October 2026 to prioritize the Mineral Point open pit project following underground mine ramp-up and Lone Tree Plant commissioning [S2].

The company has demonstrated progress in advancing its multi-phase development plan, including a feasibility study for Granite Creek underground showing significant increases in mineral resources and reserves. The refurbishment of the Lone Tree Plant as a central processing hub is underway and on schedule, which could enhance processing efficiency for refractory material from underground mines. The recapitalization plan completed in 2026 has strengthened the balance sheet, providing capital to support development activities. Insider buying by the CEO and other executives indicates management confidence. The company’s focus on high-grade underground mines combined with large open pit projects provides a diversified growth pipeline. Environmental stewardship and community engagement efforts support sustainable operations.

The company continues to report net losses driven by high pre-development, evaluation, and exploration expenses, which have increased cash burn and operating losses. The mining industry is competitive, and the company faces challenges from competitors with greater financial resources and operational expertise. The development of certain projects, such as the Lone Tree open pit, faces technical, environmental, and social challenges and remains deferred. The company’s projects, except Granite Creek underground, are considered exploration stage under regulatory standards, indicating uncertainty regarding economic viability. Delays or cost overruns in refurbishment and development projects could impact operational progress. Market fluctuations in gold prices and regulatory risks also pose challenges.

i-80 Gold's moat derives from its ownership of multiple advanced-stage mineral properties strategically located in prolific gold-producing regions of Nevada, including underground and open pit projects. The company's integrated development plan, including refurbishment of the Lone Tree Plant as a centralized processing hub, provides operational synergies and cost efficiencies. Its extensive drilling and feasibility studies have increased mineral resource confidence, supporting project advancement. The company's recapitalization and financing transactions have strengthened its balance sheet, enabling continued development. Additionally, experienced management and technical teams with specialized skills in mining operations, exploration, and environmental management contribute to its competitive positioning. However, the mining industry is highly competitive with companies possessing greater financial resources and expertise, which poses ongoing challenges.

• Exploration and Development Risks: The company’s mineral properties are at various stages of exploration and development, with inherent uncertainties regarding the economic viability and timing of production.
• Financial Risks: The company has reported significant net losses and negative cash flows from operations, relying on financing transactions to fund development activities, which may impact financial stability.
• Competitive Risks: The mining sector is highly competitive, with competitors possessing greater financial resources and expertise, potentially limiting the company’s ability to acquire and develop properties.
• Operational Risks: Refurbishment and commissioning of processing facilities and underground mines involve technical and construction risks that could delay production or increase costs.
• Environmental and Regulatory Risks: Mining operations are subject to stringent environmental laws and regulations; non-compliance or changes in regulations could affect operations and costs.

• i-80 Gold Corp. is a Nevada-focused gold and silver mining company engaged in exploration, development, and extraction of mineral deposits primarily in Nevada, USA.
• The company owns five main mineral properties: Cove Project, Granite Creek Projects, Lone Tree Project, Ruby Hill Projects, and FAD Project, all located in Nevada.
• The company was incorporated in November 2020 and became publicly traded on the TSX and NYSE American exchanges under symbols IAU and IAUX respectively.
• i-80 Gold's business strategy focuses on advancing its mineral properties to become a mid-tier gold producer, emphasizing high-grade underground mines and large oxide open pit deposits.
• The company is advancing a multi-phase development plan including refurbishment of the Lone Tree Plant as a central processing hub for refractory material from underground mines Granite Creek, Archimedes, and Cove.
• Granite Creek underground is ramping up production and has reported a feasibility study with initial proven and probable mineral reserves of 556,500 ounces of gold.
• Archimedes underground is advancing on schedule with infrastructure development underway to support production mining.
• The Lone Tree Plant refurbishment is underway with bulk demolition completed and initial construction activities started as of Q3 2026.
• The company completed a recapitalization plan in 2026, raising approximately $787.5 million through various financing transactions including a net smelter return royalty, gold prepayment facility, and convertible notes.
• Financial snapshot as of September 30, 2026: cash and equivalents of $411.4 million, current assets of $471.2 million, current liabilities of $76.8 million, current ratio of 6.13, and cash ratio of 5.35.
• For the nine months ended September 30, 2026, revenues were $109.5 million, gross profit was $29.7 million, net loss was $179.5 million, and adjusted net loss was $118.0 million.
• Gold production for the nine months ended September 30, 2026 was 33,649 ounces, with gold sold at 23,668 ounces at an average realized price of $4,608 per ounce.
• The company has 133 employees and emphasizes environmental stewardship, compliance with regulations, and community engagement in Nevada.
• The company has terminated or deferred higher risk projects with low economic viability to focus on core gold projects due to balance sheet constraints.
• The company has entered into offtake agreements with Vox Royalty Corp. and Orion for gold and silver deliveries, with the Orion agreement commencing after the Vox agreement expires in 2028.
• Recent developments include the announcement of the Granite Creek Underground Feasibility Study in September 2026, showing a 229% increase in measured and indicated underground mineral resources.
• The company updated its development plan in October 2026 to prioritize the Mineral Point open pit project as the next major development after the underground mines and Lone Tree Plant commissioning.
• Insider buying activity includes CEO Richard Scott Young purchasing 1 million shares in August 2026, indicating management confidence in the company.
• The company faces competitive pressures from other mining companies with greater financial resources and expertise, and its ability to acquire and develop properties depends on its management and financial strength.
• Environmental management is a corporate priority with surety bonds totaling $137.7 million to support reclamation and permitting.
• The company’s net loss and adjusted net loss increased in 2026 due to higher pre-development, evaluation, and exploration expenses as it advances multiple projects within its development plan.