In Q4 2025, i-80 Gold generated $21.3 million in revenue from 5,477 ounces sold at an average realized price of $3,887 per ounce, producing a $4.7 million gross profit. Net loss was $85.6 million driven by non-cash derivative revaluations and a $26.2 million Lone Tree asset write-down, while operating cash use totaled $34.3 million and cash stood at $63.2 million as of December 31.

For the full year, revenue rose to $95.2 million on 28,196 ounces sold at $3,368 per ounce, leading to an $11.5 million gross profit versus a prior-year gross loss. Net loss increased to $198.8 million and adjusted loss to $122.9 million as exploration and advance spending rose, with operating cash use of $83.6 million and cash balances growing by $44.2 million over the year.

The company completed the Lone Tree plant engineering study, confirming a $412 million capital estimate plus $18 million in spares for a total $430 million project. Technical work, permitting, exploration and infill drilling continued across its development portfolio, and i-80 Gold aims to finalize its recapitalization by end of Q1 2026 to fully fund phases one and two and support ramp-up at Granite Creek, Lone Tree refurbishment, and the Archimedes mine start.