i-80 Gold Reports Third Quarter 2026 Results; Archimedes Underground on Track to Begin Production Mining by Year-End

Richard Young, President and Chief Executive Officer of i-80 Gold

“During the third quarter, we continued to advance i-80 Gold's hub-and-spoke mining and processing platform which is expected to improve our cost structure and cash generation, and increase annual production to a target of 150,000 to 200,000 ounces of gold in 2028((1)).”

Richard Young, President and Chief Executive Officer of i-80 Gold

“Granite Creek underground announced maiden mineral reserves, Archimedes underground continued to advance on schedule from a September 2025 construction decision toward planned production mining before year-end 2026, and key milestones and cost to complete the Lone Tree Plant refurbishment continued to track the original engineering schedule and cost estimate.”

Richard Young, President and Chief Executive Officer of i-80 Gold

“With Mineral Point open pit now prioritized as our next major development project, drilling and technical work are advancing toward a pre-feasibility study to support targeted annual gold equivalent production of 400,000 to 500,000 ounces in the early 2030s.((1))”

Richard Young, President and Chief Executive Officer of i-80 Gold

“Together, these milestones build the foundation for i-80 Gold to deliver substantial long-term value for our shareholders.”

Paul Chawrun, Executive Vice President & Chief Operating Officer of i-80 Gold

“Our team continued to translate drilling results and geological data into optimized mine plans.”

Paul Chawrun, Executive Vice President & Chief Operating Officer of i-80 Gold

“At Archimedes underground, development exceeded planned daily advancement rates and unit operating costs were in line with budget.”

Paul Chawrun, Executive Vice President & Chief Operating Officer of i-80 Gold

“We are optimizing the 2027 mine plan to reflect the higher than anticipated oxide material, with heap leaching planned to commence by year-end.”

Paul Chawrun, Executive Vice President & Chief Operating Officer of i-80 Gold

“At Granite Creek underground, increased competition for skilled underground labor in the region led to a high volume of contractor workforce turnover during the quarter, which resulted in reduced material movement and delayed access to high-grade headings.”

Paul Chawrun, Executive Vice President & Chief Operating Officer of i-80 Gold

“The contractor workforce has since been restored to previous staffing levels to support planned mining rates following an adjustment to contractor compensation structure.”

Paul Chawrun, Executive Vice President & Chief Operating Officer of i-80 Gold

“Attracting and retaining a skilled workforce within a positive, supportive company culture is a key focus for us.”

Paul Chawrun, Executive Vice President & Chief Operating Officer of i-80 Gold

“We completed approximately 62,000 meters of drilling year to date, strengthening resource definition and supporting future technical studies for Archimedes underground and Mineral Point, and overall mine planning.”

Paul Chawrun, Executive Vice President & Chief Operating Officer of i-80 Gold

“Results beyond existing resource boundaries continued to highlight the expansion potential of Granite Creek, Archimedes and Mineral Point.”

Paul Chawrun, Executive Vice President & Chief Operating Officer of i-80 Gold

“At Lone Tree, procurement and engineering have advanced, and civil and concrete contractors are mobilizing.”

Paul Chawrun, Executive Vice President & Chief Operating Officer of i-80 Gold

“Our fourth quarter priorities include awarding the general contractor.”

Paul Chawrun, Executive Vice President & Chief Operating Officer of i-80 Gold

“We are also preparing to implement our stockpiling strategy for high grade sulfide material from Granite Creek and Archimedes underground projects through 2027 to maximize the cost benefits of processing at Lone Tree following commissioning.”