IAUX News & Events

Reports Q4 revenue $21.3M vs. $23.2M last year. "In 2025 we made significant progress in advancing our development plan and recapitalizing the Company's balance sheet," said Richard Young, President & CEO. We advanced technical and permitting work, as well as exploration and infill drilling programs across our gold projects in the development plan. We also completed the Lone Tree refurbishment study which underpins our hub and spoke processing strategy for our three high-grade underground mines. We are targeting to complete our recapitalization plan by the end of the first quarter, which is expected to fully fund phase one and two of our development plans while also providing flexibility and optionality for both our near-term and longer-term growth plans, at competitive costs. As we enter 2026, we look forward to ramping up production at Granite Creek, beginning the refurbishment of our Lone Tree Plant, commencing mining at our second underground mine Archimedes, and continuing to advance our technical and permitting work on our remaining projects, in particular at Mineral Point, our large open pit heap leach project. We anticipate this year to be another transformational year for i-80 Gold."

Franco-Nevada (FNV), through a wholly-owned U.S. subsidiary, has entered into an agreement to acquire a $250M net smelter return royalty from i-80 Gold Corp. (IAUX) to support its recapitalization plan and strategy of creating a Nevada-focused mid-tier gold producer. The Royalty rate will initially be 1.5%, increasing to 3.0% beginning in 2031, and will apply to all of i-80 Gold's material properties including their six projects in various stages of development. These projects cover more than 250 km2 of prospective ground and include: Granite Creek Underground - operating -, Archimedes Underground - development -, Mineral Point Heap Leach - study -, Granite Creek Open Pit - study -, Cove Underground - study -, and Lone Tree open pit - study -. i-80 Gold has outlined a three-phase development timeline to put the projects into production, anticipated to increase annual production from 150-200 koz Au in Phase 1 to 600+ koz Au with Phase 3 in 2032+. Mineral Point is expected to produce 282 koz AuEq per year once in production. Royalty terms include upfront proceeds of $225M upon closing, with a further $25M payment subject to completion of 2026 budgeted spending at Mineral Point. Franco-Nevada will maintain a right of first offer on future streams, royalties and similar interests related to i-80 Gold's assets. Closing of the transaction is subject to customary conditions and is expected to occur in March. Franco-Nevada intends to finance the transaction from cash on hand.

i-80 Gold announces that it has received all required permits and commenced construction at the Archimedes project as planned. The environmental permits secured from both the Nevada Division of Environmental Protection and the Bureau of Land Management allow the company to proceed with underground mining activities. Located on the Ruby Hill property in Nevada, U.S., Archimedes is the company's second planned underground mine and lies approximately 180 kilometers from the company's wholly owned Lone Tree autoclave and carbon-in-leach processing facility. Archimedes is expected to begin contributing to production in the fourth quarter of 2026.