i-80 Gold Corp. reported its financial results for the second quarter of 2025, revealing a significant increase in revenue to $27.8 million, up from $7.2 million in the same period last year. This growth was largely driven by higher gold ounces sold at the Granite Creek and Lone Tree projects and a higher average realized gold price. Gold sales for the quarter totaled 8,400 ounces, with the average realized gold price reaching $3,301 per ounce, compared to 3,445 ounces sold at an average price of $2,337 in the prior year period. The company reported a loss per share of $0.05, an improvement from the $0.11 loss per share in the previous year, attributed to an increase in gross profit. Cash used in operating activities decreased to $11.3 million from $24.6 million a year earlier, due to the higher gross profit. i-80 Gold Corp. also highlighted the completion of equity financing in May, which has facilitated the advancement of key development initiatives across its five gold projects, including the Lone Tree autoclave refurbishment study. The company's cash balance as of June 30, 2025, was $133.7 million, an increase of $120.2 million from March 31, 2025, mainly due to the net proceeds from a public offering and private placement.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. I-80 Gold Corp. published the original content used to generate this news brief via CNW (Ref. ID: C7873) on August 13, 2025, and is solely responsible for the information contained therein.
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