i-80 Gold Corp. reported its financial and operating results for the three and nine months ended September 30, 2026, disclosing a net loss of $48.4 million, revenues of $32.7 million, and cash of $411.4 million, alongside development updates across its Nevada gold portfolio.

Key Highlights

  • Revenue of $32.7 million: Represented 7,744 ounces of gold sold at an average realized gold price of $4,211 per ounce, according to the filing.
  • Net loss widened to $48.4 million: Compared to $41.9 million in the prior year period, driven primarily by higher pre-development, evaluation, and exploration costs.
  • Cash and cash equivalents of $411.4 million: As of September 30, 2026, a decrease of $53.2 million compared to June 30, 2026.
  • Granite Creek underground maiden mineral reserves declared: 2.20 million tonnes grading 7.87 grams per tonne gold containing 556,500 ounces of gold, per the September 2026 feasibility study.
  • Gold production of 11,685 ounces: Marginally lower than 12,428 ounces in the prior year period; consolidated production expected within the lower half of the guidance range.
  • Lone Tree Plant refurbishment approximately 44% committed: Bulk demolition complete, with initial construction activities planned to commence in Q4 2026, largely on budget.
  • Mineral Point open pit prioritized as the next major development project following an October 14, 2026 update to the Company's development plan.

i-80 Gold's Q3 2026 Financials and Development Progress Across Nevada Projects

According to the filing, i-80 Gold Corp. (NYSE:IAUX, TSX:IAU) reported revenues of $32.7 million for the three months ended September 30, 2026, reflecting 7,744 ounces of gold sold at an average realized gold price of $4,211 per ounce. This compares to $32.0 million on 9,368 ounces at $3,412 per ounce in the prior year period. Gross profit increased to $5.0 million from $3.1 million, attributed by the company to the higher realized gold price.

The net loss for the quarter increased to $48.4 million from $41.9 million in the prior year period. The filing states this was due primarily to higher pre-development, evaluation, and exploration costs as the company advances multiple projects, partially offset by lower revaluation expenses. Adjusted net loss was $48.2 million, compared to $34.3 million in the prior year period. Cash used in operating activities rose to $32.5 million from $15.2 million, while capital expenditures of $15.0 million were driven primarily by the start of the Lone Tree Plant refurbishment. Net loss per share was $0.06, compared to $0.05 in the prior year period.

On the development front, the filing reports that the Archimedes underground advanced on schedule and largely on budget, with production mining planned before year-end 2026. The Granite Creek feasibility study, published in September 2026, declared initial mineral reserves of 556,500 ounces of gold and resulted in the company beginning to capitalize qualifying development expenditures at that project, which were previously expensed. The filing also notes that on October 14, 2026, the company updated its development sequence, prioritizing the Mineral Point open pit as its next major project. The company's development plan targets annual gold production of 150,000 to 200,000 ounces beginning in 2028, with a long-term target of 500,000 to 600,000 ounces of annual gold output. These targets are the company's own forward-looking statements and are subject to its cautionary language.

What Was Disclosed

i-80 Gold Corp. filed its Q3 2026 financial and operating results, reporting a net loss of $48.4 million, revenues of $32.7 million, and cash of $411.4 million as of September 30, 2026, along with maiden mineral reserves at Granite Creek and an updated multi-project development sequence.