The Q2 miss was driven by temporary processing constraints at Granite Creek, not a structural issue. Watch for Q3 production catch-up as in-process inventory (5,300 oz) is processed and Granite Creek headings are restored. The stock may trade on catalyst timelines (feasibility studies, Archimedes first gold) rather than quarterly earnings. Consider positioning for Q4 milestones if processing normalizes.
Price Chart
Executive Summary
i-80 Gold reported Q2 2026 revenue of $24.3M, missing the $44.0M consensus by 44.8%, driven by lower gold sales (5,335 oz vs 8,400 oz YoY) due to third-party processing delays. Net loss widened to $52.5M from $30.2M, and operating cash flow burned $49.6M. Despite the weak quarter, the company maintained full-year production guidance and reiterated key catalysts (Archimedes first gold and Lone Tree construction start in Q4 2026), supported by a $464.6M cash position.
Key Financial Metrics
Key Facts
- Revenue $24.3M vs consensus $44.0M (44.8% miss)
- Net loss $52.5M vs $30.2M YoY; EPS -$0.06 vs -$0.05
- Gold production rose to 11,098 oz (up 166% YoY) but sales fell to 5,335 oz due to processing delays
- Cash and equivalents $464.6M, down $49M from Q1 2026
- Maintained 2026 guidance; growth capex $150-175M; Lone Tree refurbishment on budget
- Catalysts: Archimedes first gold Q4 2026, Lone Tree construction Q4 2026, feasibility studies for Granite Creek and Cove in Q3 2026
Financial Impact
Revenue miss of $19.7M vs consensus; net loss increased $22.3M YoY; operating cash burn $49.6M
Risk Factors
- Further third-party processing delays or water management issues at Granite Creek
- Permitting delays for Lone Tree or Archimedes could push back catalysts
- Elevated cash burn rate ($49.6M operating) may require additional financing if milestones slip
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302847553 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Press Release | $1.50 | awaiting T+60 | — | $1.47 (−2.00%) |
Oct 15, 2026 11d ago | 8-K | $1.53 | awaiting T+60 | — | $1.47 (−3.92%) |
Sep 22, 2026 4w ago | 8-K | $1.87 | awaiting T+60 | — | $1.47 (−21.39%) |
Sep 22, 2026 4w ago | 8-K | $1.87 | awaiting T+60 | — | $1.47 (−21.39%) |
Aug 20, 2026 9w ago | Insider Cluster | $1.81 | awaiting T+60 | — | $1.47 (−18.78%) |
Aug 10, 2026 10w ago | Press Release | $1.66 | awaiting T+60 | — | $1.47 (+11.45%) |
Jul 1, 2026 16w ago | 8-K | $1.45 $1.73 | ▲ +19.31% | ▲ +16.35% | $1.47 (+1.38%) |
Jun 24, 2026 17w ago | 8-K | $1.39 $1.79 | ▲ +28.78% | ▲ +25.05% | $1.47 (+5.76%) |
May 12, 2026 23w ago | 8-K | $0.9800 $0.9140 | ▼ −6.73% | ▼ −11.17% | $1.47 (+50.00%) |
Apr 14, 2026 27w ago | 8-K | — | awaiting T+60 | — | — |
US Market Status
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