Contradictions Unveiled: Key Insights from the 2025 Q2 Earnings Call on Production Timelines, Refurbishment Costs, and Gold Sales

Production and sales timeline, autoclave refurbishment cost and timeline, production schedule and output at Granite Creek, sulfide ore processing and gold sales forecast, budget and timeline for autoclave refurbishment are the key contradictions discussed in the company's latest 2025Q2 earnings call.



Recapitalization and Financial Strengthening:
- i-80 Gold Corp raised $186 million through a bought deal offering and private placement in Q2, adding to their cash position.
- The financing aligns with the company’s recapitalization plan, aiming to advance development plans, strengthen the balance sheet, and improve liquidity.

Gold Production and Sales Growth:
- Gold sales totaled 8,400 ounces in Q2, marking an increase over the prior year period, with a higher average realized gold price of $3,301 per ounce.
- The growth in sales is attributed to higher ounces sold and improved market conditions, positioning the company to meet its annual production guidance.

Expansion of Operating Projects:
- i-80 Gold is prioritizing the development of its high-grade underground projects, targeting an average annual production of over 600,000 ounces of gold by the early 2030s.
- This expansion is supported by advanced technical studies, underground development, and infill drill programs across its five gold projects.

Underground Drilling and Resource Upgrades:
- At Granite Creek underground, a total of 46,000 feet of drilling is planned, focusing on the prospective South Pacific zone.
- The objective is to upgrade the mineral resource and form the basis for the upcoming feasibility study, expected to be completed in Q1 2026.