i-80 Gold Corp.
For the period ended Sep 30, 2026. Filed Nov 2, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 2, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Non-GAAP and Supplementary Financial Performance Measures
The Company has included certain non-GAAP performance measures commonly used in the mining industry that are not defined under US GAAP in this document. These include adjusted net loss, adjusted net loss per share, and average realized price per ounce. These measures are not defined under US GAAP, and therefore, they may not be comparable to similar measures employed by other companies. Management believes these measures in addition to measures determined in accordance with US GAAP provide investors with useful information to evaluate the Company's underlying operations and financial performance. Supplementary financial measures represents a component of a GAAP number. The measures presented are intended to provide additional information and should not be considered in isolation or as a substitute for measures prepared in accordance with US GAAP and should be read in conjunction with the Company's Financial Statements.
Definitions
"Average realized gold price” per ounce of gold sold is a supplementary financial measure and the calculation is shown below.
"Adjusted net loss” and “adjusted net loss per share” are non-GAAP financial performance measures that the Company considers to better reflect normalized earnings because it eliminates temporary or non-recurring items such as: (loss) gain and losses on fair value measurements, loss on loan extinguishment, loss on Convertible Loans and finance fee expense. Adjusted net loss per share is calculated using the weighted average number of shares outstanding under the basic calculation of earnings per share.
"Sustaining capital expenditures" and "Growth capital expenditures" are supplementary financial measures. Sustaining capital expenditures are investments that support current operational and production levels whereas Growth capital expenditures are associated with major projects and new mine development.
Average realized gold price per ounce of gold sold 1
| Three months endedSeptember 30, | Nine months endedSeptember 30, | |||
|---|---|---|---|---|
| (in thousands of U.S. dollars, unless otherwise noted) | 2026 | 2025 | 2026 | 2025 |
| Consolidated | ||||
| Revenues | 32,728 | 32,019 | 109,466 | 73,903 |
| Silver revenue | (117) | (51) | (405) | (220) |
| Gold revenue | 32,611 | 31,968 | 109,061 | 73,683 |
| Gold sold¹ | 7,744 | 9,368 | 23,668 | 22,720 |
| Average realized gold price ($/oz) | 4,211 | 3,412 | 4,608 | 3,243 |
| Granite Creek | ||||
| Revenues | 25,822 | 24,857 | 79,016 | 53,279 |
| Gold ounces sold1 | 6,164 | 7,325 | 16,982 | 16,412 |
| Average realized gold price ($/oz) | 4,189 | 3,393 | 4,653 | 3,246 |
| Lone Tree | ||||
| Revenues | 5,781 | 4,642 | 24,558 | 14,426 |
| Silver revenue | (90) | (9) | (323) | (45) |
| Gold revenue | 5,691 | 4,633 | 24,235 | 14,381 |
| Gold sold | 1,306 | 1,313 | 5,339 | 4,461 |
| Average realized gold price ($/oz) | 4,358 | 3,529 | 4,539 | 3,224 |
| Ruby Hill | ||||
| Revenues | 1,125 | 2,520 | 5,892 | 6,198 |
| Silver revenue | (27) | (42) | (82) | (175) |
| Gold revenue | 1,098 | 2,478 | 5,810 | 6,023 |
| Gold sold | 274 | 730 | 1,347 | 1,847 |
| Average realized gold price ($/oz) | 4,007 | 3,395 | 4,313 | 3,261 |
Adjusted net loss 1
Adjusted net loss and adjusted net loss per share exclude a number of temporary or one-time items detailed in the following table:
| Three months endedSeptember 30, | Nine months endedSeptember 30, | |||
|---|---|---|---|---|
| (in thousands of U.S. dollars, unless otherwise noted) | 2026 | 2025 | 2026 | 2025 |
| Net loss | $(48,350) | $(41,867) | $(179,478) | $(113,287) |
| Adjust for: | ||||
| Gain (loss) on Silver Purchase Agreement and embedded derivative | 3,529 | 2,860 | (32,563) | (6,602) |
| Gain (loss) on fair value measurement of NSR Royalty | 8,713 | — | (22,950) | — |
| Finance fee expense | — | — | (9,802) | — |
| Loss on loan extinguishment | — | — | (7,110) | — |
| Loss on fair value measurement of Convertible Loans derivative | — | (863) | (3,463) | (1,536) |
| Loss on fair value measurement of Orion Gold Prepay Agreement derivative | — | (4,209) | (3,377) | (14,883) |
| Loss on Offtake liability | — | — | (4,800) | — |
| (Loss) gain on fair value measurement of 2026 Gold Prepay derivative | (4,162) | — | 25,731 | — |
| Loss on fair value measurement of warrant liabilities | (8,279) | (5,400) | (3,110) | (5,126) |
| Total adjustments | $(199) | $(7,612) | $(61,444) | $(28,147) |
| Adjusted net loss | (48,151) | (34,255) | (118,034) | (85,140) |
| Weighted average shares | 866,370,379 | 815,610,094 | 854,913,465 | 619,780,680 |
| Adjusted net loss per share | $(0.06) | $(0.04) | $(0.14) | $(0.14) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.