i-80 Gold Corp.
i-80 Gold Corp. is a Nevada-focused gold and silver mining company engaged in the exploration, development, and extraction of mineral deposits. Its portfolio includes the Granite Creek, Ruby Hill, Lone Tree, Cove, and FAD properties, with operations and projects concentrated along Nevada’s major gold trends.
Fiscal year 2025 · change from previous year
Development 2021–2025
Business
Share of revenueDrilling, geological work, and resource definition across Nevada properties.
Extraction from underground deposits such as Granite Creek and Archimedes.
Advancement of open-pit deposits including Mineral Point and other pits.
Use and refurbishment of the Lone Tree processing complex for ore treatment.
Permitting, feasibility work, and technical studies supporting future production.
Products
Reported · share of revenue- Gold and Silver67.5 %
- Mineralized Material32.5 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
i-80 Gold sells gold and silver into global metals markets rather than to a single end customer, so its commercial buyers are typically bullion and concentrate counterparties, offtake partners, and financial counterparties tied to prepay or purchase agreements. The company’s production is ultimately monetized through commodity markets, while some silver and gold output is committed under financing-linked delivery arrangements.
Buy gold and silver produced from Nevada assets for bullion and trading markets.
Receive committed metal deliveries under gold prepay and silver purchase agreements.
Support ore processing, project funding, and metal delivery structures.
Strategy
i-80 Gold’s strategy is to advance a Nevada project pipeline toward sustainable gold and silver production while rebuilding internal processing capability at Lone Tree. The company is also focused on financing and asset rationalization to support development across its portfolio, including permitting, feasibility work, and staged mine advancement.
Multiple deposits provide optionality and a path to staged production growth.
Owning processing infrastructure can reduce dependence on third parties and improve operating flexibility.
Mine development and plant refurbishment require substantial capital before full production scale is reached.
Asset sales or partnerships can help fund core projects and reduce capital burden.
Geography
The company’s operating footprint is concentrated in Nevada, United States, where all principal mineral properties are located. Corporate and executive functions are split between Reno, Nevada, Vancouver, British Columbia, and Toronto, Ontario, reflecting its North American corporate structure and Canadian listing history.
Risks
The business is exposed to the technical and safety risks of underground and open-pit mining, including geologic uncertainty, equipment failure, and operational interruptions. It also depends on access to capital, successful permitting, and execution of complex development plans in Nevada, where delays or cost overruns can materially affect project timelines and funding needs.
- Mining and geotechnical hazardsImpact: HighLikelihood: Medium
Underground and open-pit operations face cave-ins, flooding, pit wall failure, and other physical risks.
Exposure - Project development may not reach commercial successImpact: HighLikelihood: Medium
Exploration and advancement spending may not convert into profitable production or adequate returns.
Exposure: All development-stage assets
- Financing and liquidity dependenceImpact: HighLikelihood: Medium
Mine development and debt obligations require continued access to external capital and structured funding.
Exposure - Permitting and regulatory executionImpact: MediumLikelihood: Medium
Nevada projects require permits and approvals before construction and production can proceed.
Exposure - Operational and cyber disruptionImpact: MediumLikelihood: Medium
Automated mining and processing systems depend on reliable IT and operational controls.
Exposure
Accounting
Judgemental itemsSpending on drilling, permitting, and studies can be capitalized or expensed depending on project stage and accounting judgment.
Impact: Affects reported losses and carrying value of mineral assets
Project delays, reserve changes, or lower expected economics can trigger write-downs.
Impact: Can materially reduce asset values and earnings
Metal delivery obligations and financing proceeds require careful classification and measurement.
Impact: Affects liabilities, cash flow presentation, and future metal deliveries
Mining financings and principal-owner dealings can affect terms and disclosure requirements.
Impact: Important for transparency and covenant analysis
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Last updated: 24/09/2026