Research analysts who have asked questions during ISHARES GOLD TRUST earnings calls.
Recent press releases and 8-K filings for IAU.
i-80 Gold outlines growth plan and financing progress at BMO conference
IAU
New Projects/Investments
Debt Issuance
Guidance Update
- i-80 Gold, a Nevada-focused mining company, is executing a three-phase growth plan to increase its annual gold production from 50,000 oz to over 600,000 oz within the next five years.
- The company possesses substantial gold resources, with 6.5 million oz of measured and indicated gold and 7.5 million oz of inferred gold.
- i-80 Gold has secured approximately $800 million of the $1 billion required for its development plan, including a recent $500 million financing package, and anticipates being fully financed through all three phases with an upcoming convertible debenture issuance.
- Key upcoming milestones include the completion of the Lone Tree autoclave refurbishment by Q4 2027 and the filing of feasibility studies for the Granite Creek and Cove underground operations in Q2.
- The company's current fully diluted market capitalization is about $2 billion, compared to an estimated Net Asset Value (NAV) of $5 billion for five projects at $3,000 gold.
3 days ago
i-80 Gold Details Three-Phase Growth Plan and Financing Progress
IAU
New Projects/Investments
Guidance Update
Debt Issuance
- i-80 Gold, a Nevada-focused mining company, aims to achieve mid-tier gold producer status through a three-phase growth plan, projecting an increase in annual gold production from 50,000 ounces to over 600,000 ounces over the next five years.
- The company is the fourth-largest mineral resource holder in Nevada, with 6.5 million ounces of measured and indicated gold and 100 million ounces of M&I silver.
- i-80 Gold has raised approximately $800 million of the $1 billion required for its development plan over the past 12 months, including a $500 million financing package announced recently. The company plans to secure an additional $175 million in March to be fully financed through all three phases at $3,000 gold.
- Key development milestones include the ramping up of Granite Creek Underground, the start of construction for Archimedes (expected to be a 100,000 ounce per year producer), and the $400 million refurbishment of the Lone Tree autoclave facility, anticipated to be complete in Q4 2027.
- The net asset value (NAV) for five of its projects is estimated at $5 billion at $3,000 gold, while the current fully diluted market capitalization is approximately $2 billion.
3 days ago
i-80 Gold outlines growth plan and financing progress
IAU
New Projects/Investments
Guidance Update
Debt Issuance
- i-80 Gold is a Nevada-focused mining company aiming to achieve mid-tier gold producer status, with a three-phase growth plan to increase production from 50,000 ounces per year to over 600,000 ounces within five years.
- The company holds significant mineral resources in Nevada, including 6.5 million ounces of measured and indicated gold and 7.5 million ounces of inferred gold.
- i-80 Gold has secured $800 million of the $1 billion needed for its development plan over the past 12 months, including a recent $500 million financing package from Franco, National Bank, and Macquarie. The company plans to put a new convertible debenture in place to be fully financed through all three phases.
- Key project developments include ramping up Granite Creek Underground, beginning construction on Archimedes, and refurbishing the Lone Tree autoclave, which is expected to be complete in Q4 2027 with the first pour in December 2027.
- The company's current market cap on a fully diluted basis is about $2 billion, with a Net Asset Value (NAV) of $5 billion at $3,000 gold.
3 days ago
i-80 Gold Reports Q4 and Full Year 2025 Results, Secures $500M Financing, and Advances Development Plan
IAU
Guidance Update
Debt Issuance
New Projects/Investments
- i-80 Gold achieved its 2025 production guidance with a consolidated gold output of just under 32,000 ounces. Total gold sales for the year increased to approximately 28,200 ounces, generating $95 million in revenue and an $11.5 million gross profit.
- The company secured a financing package of up to $500 million, including a $250 million royalty from Franco-Nevada and a $250 million gold prepayment facility. This recapitalization is expected to fully fund Phase 1 and Phase 2 of the development plan, targeting $900 million-$1 billion in total funding by the end of Q1 2026.
- The board approved the $430 million refurbishment of the Lone Tree process plant, with a target for the first gold pour in December 2027. Feasibility studies for Granite Creek Underground and Cove are expected in Q2 2026 and early Q2 2026, respectively.
- The development plan aims to increase annual gold production to 300,000-400,000 ounces from less than 50,000 ounces currently. The company is accelerating work at Mineral Point with a $50 million drilling and permitting campaign planned for 2026.
8 days ago
i-80 Gold Reports Q4 and Full Year 2025 Results, Secures $500 Million Financing
IAU
Earnings
Debt Issuance
New Projects/Investments
- i-80 Gold reported $95 million in gold sales revenue and a $11.5 million gross profit for the full year 2025, an improvement from a $15.7 million gross loss in 2024.
- The company achieved its 2025 production guidance with consolidated gold output of just under 32,000 ounces.
- A significant financing package of up to $500 million was secured, comprising a $250 million royalty and a $250 million gold prepayment facility, which is expected to fully fund phase one and two of its development plan and increase annual gold production to 300,000-400,000 ounces.
- Key project advancements include the board's approval for the $400 million Lone Tree refurbishment targeting first gold pour in December 2027, and the commencement of construction for the Archimedes underground mine.
- The company is accelerating technical and permitting work for the Mineral Point project from 2028 to 2026, with substantial drilling programs planned for 2026 across its projects, including $10 million for Granite Creek, $25-$30 million for Archimedes, and $40-$45 million for Mineral Point.
8 days ago
i-80 Gold Reports Q4 and Full Year 2025 Results, Secures $500 Million Financing, and Advances Development Plan
IAU
Earnings
Guidance Update
New Projects/Investments
- i-80 Gold achieved its 2025 production guidance with consolidated gold output of just under 32,000 ounces. Gold sales for the year increased to approximately 28,200 ounces, generating $95 million in revenue, and the company reported a gross profit of $11.5 million for the year. The company recorded a net loss of just under $200 million or $0.10 per share.
- The company secured a significant financing package of up to $500 million, comprising a $250 million royalty with Franco-Nevada and a $250 million gold prepayment facility. This, combined with prior equity offerings, brings total funding to over $800 million, expected to fully fund Phase One and Phase Two of the development plan.
- Key development milestones include the board's approval for the $400 million Lone Tree process plant refurbishment, targeting a first gold pour in December 2027. Construction of the Archimedes underground mine is advancing ahead of expectations, and feasibility studies for Granite Creek and Cove are anticipated in Q2 2026.
- The company's development plan aims to substantially increase annual gold production to approximately 300,000-400,000 ounces from the current less than 50,000 ounces.
8 days ago
i-80 Gold Reports Q4 and Full Year 2025 Results and Provides 2026 Outlook
IAU
Earnings
Guidance Update
New Projects/Investments
- i-80 Gold Corp. reported a net loss of $85.6 million for Q4 2025 and $198.8 million for the full year 2025, with cash and cash equivalents at $63.2 million as of December 31, 2025.
- The company achieved its 2025 guidance with 31,930 ounces of consolidated gold output and advanced key projects, including commencing construction at Archimedes underground and stabilizing groundwater at Granite Creek.
- A recapitalization plan, including a $500 million financing package (comprising a $250 million royalty sale and a $150 million gold prepayment facility with a $100 million accordion feature), is expected to be completed by the end of Q1 2026 to fully fund Phase one and two of development plans.
- For 2026, i-80 Gold anticipates ramping up production at Granite Creek (with guidance of 30,000 - 40,000 oz), beginning refurbishment of the Lone Tree Plant (estimated growth capital of $140 - $160 million), and commencing mining at Archimedes with first gold targeted for Q4 2026.
Feb 19, 2026, 11:02 PM
i-80 Gold Provides Lone Tree Refurbishment Update and Financing Plan
IAU
New Projects/Investments
Debt Issuance
- i-80 Gold provided an update on the refurbishment of its Lone Tree plant, which is a cornerstone asset central to its hub-and-spoke mining and processing strategy in northern Nevada.
- The total estimated capital cost for the project is $430 million, inclusive of a 12% contingency and $18 million in capital spares.
- The plant's autoclave is designed to process up to 2,268 metric tons per day (2,500 imperial tons), delivering a total annual throughput of approximately 827,800 metric tons at 85% plant availability.
- Construction is targeted to begin in the second half of 2026, with plant commissioning anticipated towards the end of 2027.
- The company is advancing a recapitalization plan, including senior debt, a royalty sale, and a non-core asset sale, and expects to secure funding by the end of Q2 2026 or earlier.
Dec 19, 2025, 2:00 PM
i-80 Gold Provides Lone Tree Refurbishment Update
IAU
New Projects/Investments
Debt Issuance
Guidance Update
- i-80 Gold provided an update on the refurbishment of its Lone Tree plant, a cornerstone asset for processing high-grade refractory and oxide feed, which is expected to improve margins by between $1,000 and $1,500 per ounce of gold.
- The total estimated capital cost for the project is $430 million, which includes $412 million (inclusive of a 12% contingency) and $18 million in capital spares.
- The plant is designed to process up to 2,268 metric tons per day (2,500 imperial tons). Early works commenced in Q3 2025, with a construction decision expected by mid-2026 or sooner, and plant commissioning anticipated towards the end of 2027.
- The company is advancing a recapitalization plan to fund the project, including senior debt, a royalty sale, and a non-core asset sale, with funding expected by the end of Q2 2026 or earlier.
- The company projects gold production to rise from less than 50,000 ounces in the current year to over 600,000 ounces by the time phase three is completed in the early 2030s.
Dec 19, 2025, 2:00 PM
i-80 Gold Updates on Lone Tree Refurbishment and Financing Plan
IAU
New Projects/Investments
Debt Issuance
Guidance Update
- i-80 Gold provided an update on the Lone Tree plant refurbishment, a cornerstone asset for its hub-and-spoke mining strategy, which is expected to improve margins by $1,000 to $1,500 per ounce of gold and drive stronger free cash flow once commissioned.
- The total estimated capital cost for the project is $430 million, including $412 million for the refurbishment (inclusive of 12% contingency, owner's cost, and first fills) and $18 million for capital spares.
- The project timeline anticipates construction to begin in the second half of 2026, with plant commissioning expected towards the end of 2027. A construction decision is contingent on securing necessary financing by mid-2026 or sooner.
- The company is advancing a recapitalization plan to fund development and restructure approximately $200 million in existing debt, involving senior debt, a royalty sale, and a non-core asset sale, with funding expected by the end of Q2 2026 or earlier.
- The Lone Tree plant's autoclave is designed to process up to 2,268 metric tons per day (2,500 imperial tons) of sulfide ore from its three underground mines, with oxide ore processed during maintenance outages.
Dec 19, 2025, 2:00 PM
Quarterly earnings call transcripts for ISHARES GOLD TRUST.
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