i-80 Gold Corp. (IAUX) Reports $11.5M Gross Profit and Secures $500M in Financing

i-80 Gold Corp. (NYSEAMERICAN:IAUX) is one of the best low cost stocks to buy under $5. On February 20, i-80 Gold announced that it achieved its 2025 production guidance with a consolidated gold output of nearly 32,000 ounces, resulting in a gross profit of $11.5 million for the year. This represents a financial turnaround from the gross loss reported in 2024. To support continued growth, the company secured a $500 million financing package, providing the necessary capital to advance its development pipeline without balance sheet constraints.

Key milestones included the commencement of construction at the Archimedes underground mine and the completion of the engineering study for the Lone Tree process plant refurbishment. Despite these positive production figures, i-80 Gold Corp. (NYSEAMERICAN:IAUX) reported a net loss of nearly $200 million for the year due to elevated expenses related to exploration, evaluation, and pre-development.

Significant capital expenditures are planned for the Lone Tree autoclave restart, which is projected to cost $430 million in the current inflationary environment. Additionally, the company faced operational hurdles such as timing delays with third-party sulfide processing and the need for expanded dewatering infrastructure at Granite Creek to manage water-related impacts. For 2026, i-80 Gold plans to use higher gold prices and its recent recapitalization to accelerate technical work and permitting at Mineral Point.

Hecla's Casa Berardi Mine. Photo from Hecla Mining website

i-80 Gold Corp. (NYSEAMERICAN:IAUX) is a mining company that explores and advances gold and silver mineral deposits in the US. It also explores for polymetallic deposits.