i-80 Gold (IAUX) Q2 2026 Earnings Call Transcript

i-80 Gold reported a mixed second quarter as higher gold production and stronger realized prices were offset by lower revenue, wider losses, and continued development spending. Gold output rose to 11,098 ounces from 4,178 ounces a year earlier, and the realized gold price jumped to $4,522 per ounce, but revenue fell to $24.3 million due to third-party processing delays that left 5,300 recoverable ounces in work-in-process inventory. The company posted a net loss of $52.5 million and an adjusted net loss of $41.2 million. Operationally, Granite Creek continued ramping, Archimedes remained on track for first gold in Q4 2026, and Lone Tree refurbishment stayed on schedule for first gold by end-2027. Management lifted confidence in longer-term growth, maintaining 2026 guidance while emphasizing that transition to owner-operated processing in 2028 could add $1,000-$1,500 per ounce in cash margin.