News · Yahoo Finance

What i-80 Gold (IAU) Said on Its Q3 Earnings Call

i-80 Gold said the feasibility study for Granite Creek Underground is complete, outlining an 8.5-year mine life, while Archimedes is set to begin mining in Q4 2026. The Lone Tree refurbishment is on schedule for first gold in Q4 2027, with its $430 million capital estimate largely intact. The company expects production to rise from 40,000–50,000 ounces annually to 150,000–200,000 ounces from 2028, with 2026 output in the lower half of guidance. In Q3, Granite Creek produced about 9,100 ounces of gold, though processing lagged mining due to limited availability at a third-party processor. At quarter-end, the company held about $411 million in cash and could access up to roughly $350 million in additional liquidity over the next 18 months, subject to financing arrangements and approvals.

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