i-80 Gold (AMEX:IAUX) reported third-quarter 2026 results below expectations: an adjusted loss of $0.06 per share versus a forecast loss of $0.01, and revenue of $32.7 million against an expected $46.72 million. The company sold 7,744 ounces at an average realised price of $4,211 per ounce, up 23.4% year on year, while production fell to 11,685 ounces from 12,428 ounces and gross profit rose to $5.0 million. Net loss widened to $48.4 million from $41.9 million, driven by higher pre-development, evaluation and exploration expenses, and shares fell 4.93% after the announcement. The company expects 2026 production in the lower half of its guidance range, partly because it chose to leach oxide material from Archimedes on its existing leach pad instead of selling it under an ore purchase agreement, shifting some output into Q1 2027. The Archimedes underground project remains on track to begin production mining by the end of 2026, and management targets 150,000 to 200,000 ounces of gold in 2028.
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| Market | Crypto |
|---|---|
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| Sector | Real-world assets |
| Market cap | $1.7B |
| Close on 11/02/2026 | 3,952.77 |
| Change that session | +1.07% |
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| Close on 11/02/2026 | 3,938.98 |
| Change that session | +1.16% |
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| Market | Gold |
|---|---|
| Close on 11/02/2026 | 3,946.68 |
| Change that session | +1.84% |
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