Business
i-80 Gold Closes $250 Million Royalty Financing with Franco-Nevada and Completes Retirement of Certain Legacy Debt Obligations
i-80 GOLD CORP. (TSX:IAU) (NYSE American:IAUX) ("i-80 Gold" or the "Company") is pleased to announce that it has successfully completed the closing of the previously announced $250 million royalty financing (the "Royalty Financing") with a wholly-owned U.S. subsidiary of Franco-Nevada Corporation ("Franco-Nevada"). The Company used a portion of the Royalty Financing proceeds to complete the mandatory redemption of its 8% secured convertible debentures due in 2027 ("2027 Convertible Debentures")
About this update from Franco-nevada Corporation
[{"type":"text","content":"All amounts referenced herein are expressed in United States dollars unless otherwise stated.","length":93,"tagName":"p"},{"type":"text","content":"TORONTO, March 16, 2026 /CNW/ - i-80 GOLD CORP. (TSX:IAU) (NYSE American:IAUX) ("i-80 Gold" or the "Company") is pleased to announce that it has successfully completed the closing of the previously announced $250 million royalty financing (the "Royalty Financing") with a wholly-owned U.S. subsidiary of Franco-Nevada Corporation ("Franco-Nevada"). The Company used a portion of the Royalty Financing proceeds to complete the mandatory redemption of its 8% secured convertible debentures due in 2027 ("2027 Convertible Debentures") and to settle a convertible loan and Gold Prepay Agreement held by affiliates of Orion Mine Finance ("Orion").","length":707,"tagName":"p"},{"type":"image","alt":"i-80 Gold Corp. Logo (CNW Group/i-80 Gold Corp)","displaySize":"","headline":null,"caption":"i-80 Gold Corp. Logo (CNW Group/i-80 Gold Corp)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":229,"url":"https://media.zenfs.com/en/prnewswire.com/ce97aab6765bc10c8b89f4854ae2ea01"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/ngMGJo4HnYhfaVtqe3e8lw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQwNDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/ce97aab6765bc10c8b89f4854ae2ea01","width":400,"height":229}},"href":"https://mma.prnewswire.com/media/2934290/i_80_Gold_Corp_i_80_Gold_Closes__250_Million_Royalty_Financing_w.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""Together, these transactions represent a major step forward in the Company's recapitalization, significantly strengthening the balance sheet and positioning i-80 Gold to continue advancing its development plan towards becoming a mid-tier gold producer in Nevada," said Richard Young, President & Chief Executive Officer. "We thank Orion, Franco-Nevada and our debenture holders for assisting the Company in advancing its prospective portfolio of projects."","length":485,"tagName":"p"},{"type":"text","content":"Completion of Franco-Nevada Royalty Financing","length":45,"tagName":"p"},{"type":"text","content":"Pursuant to the Royalty Financing, Franco-Nevada is paying $250 million to the Company in exch...