i-80 Gold Corp.
For the period ended Dec 31, 2024. Filed Apr 1, 2025.
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FY2024 · Filed Apr 1, 2025
IAUX$1.39-6.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOW
(Stated in thousands of United States Dollars)
| Year endedDecember 31, | |||
|---|---|---|---|
| Note | 2024 | 2023 | |
| OPERATING ACTIVITIES | |||
| Net loss | $(121,533) | $(89,654) | |
| Adjustments | |||
| Depletion, depreciation and amortization | 6 | 3,200 | 8,711 |
| Accretion expense | 8 | 3,071 | 2,766 |
| Share-based payments | 570 | 2,309 | |
| Non-cash items included in other income | 12 | 953 | (33,390) |
| Loss on foreign exchange | 34 | 29 | |
| Interest expense | 32,496 | 27,302 | |
| Deferred tax recovery | 1,498 | (3,442) | |
| Reclamation expenditures | 8 | (455) | (540) |
| Other | (248) | — | |
| Net change in operating assets and liabilities | 12 | (2,087) | 8,444 |
| Cash used in operating activities | $(82,501) | $(77,465) | |
| INVESTING ACTIVITIES | |||
| Capital expenditures on property, plant and equipment | (2,018) | (17,407) | |
| Disposal proceeds | 425 | — | |
| Purchase of investments | — | (894) | |
| Net cash acquired in acquisition of Paycore Minerals Inc. | 3 | — | 10,027 |
| Cash used in investing activities | $(1,593) | $(8,274) | |
| FINANCING ACTIVITIES | |||
| Proceeds from shares issued in brokered placement | 11 | 83,500 | — |
| Proceeds from shares issued in equity financing | 11 | 17,436 | 27,693 |
| Proceeds from shares issued in ATM Program | 11 | 22,559 | — |
| Net proceeds from Gold Prepay | 8 | — | 18,932 |
| Principal repayment on Gold Prepay | 8 | (23,818) | (16,475) |
| Principal repayment on Silver Purchase Agreement | 8 | (8,387) | (5,725) |
| Share issue costs | (5,714) | (1,768) | |
| Stock option and warrant exercises | 11 | 983 | 1,949 |
| Finance fees paid | (2,227) | — | |
| Net proceeds on Convertible Debentures | 8 | — | 61,906 |
| Contingent payments | 11 | (1,436) | (21,000) |
| Other | (229) | (148) | |
| Cash provided by financing activities | $82,667 | $65,364 | |
| Change in cash, cash equivalents and restricted cash during the year | (1,427) | (20,375) | |
| Cash, cash equivalents and restricted cash, beginning of year | 60,765 | 81,178 | |
| Effect of exchange rate changes on cash held | (48) | (38) | |
| Cash, cash equivalents and restricted cash, end of year | $59,290 | $60,765 | |
| Reconciliation of cash, cash equivalents, and restricted cash: | |||
| Cash and cash equivalents | 19,001 | 16,277 | |
| Restricted cash and cash equivalents | 40,289 | 44,488 | |
| Total cash, cash equivalents, and restricted cash | $59,290 | $60,765 | |
Supplemental cash flow information [Note 12]
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