i-80 Gold Corp.

i-80 Gold Corp. reported a net loss of $198.8 million for fiscal year 2025, driven by significant operating losses and high expenses. Revenue for the year was $95.2 million, with a gross profit of $11.5 million, resulting in a gross margin of approximately 12.1%. However, substantial expenses, including $66.1 million in pre-development, evaluation, and exploration costs, $29.4 million in general and administrative expenses, $14.2 million in property maintenance, and a $26.2 million write-down of property, plant, and equipment, led to an operating loss of $124.4 million. The company's balance sheet shows total assets of $703.4 million, with property, plant, and equipment net of $556.4 million, and total liabilities of $356.6 million, including long-term debt of $97.9 million. Cash flow from operations was negative $83.6 million, but financing activities provided $139.0 million, primarily from equity offerings and debt proceeds, resulting in a net increase in cash and restricted cash of $45.8 million for the year.

Key Takeaways