I-80 Gold Corp · TSX:IAU
I-80 Gold — Q1 2026 Earnings Presentation
17 slides from I-80 Gold's earnings presentation, May 13, 2026
Slide 1: Creating a Nevada-Focused, Mid-Tier Gold Producer
NYSE AMERICAN: IAUX TSX: IAU Creating a Nevada-Focused, Mid-Tier Gold Producer Q1 2026 Results Conference Call & Webcast May 13, 2026
Slide 2: Cautionary Disclaimer Regarding Forward-Looking Statements
Cautionary Disclaimer Regarding Forward-Looking Statements Certain statements in this presentation constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws, including but not limited to management’s assessment of the Company’s future p
Slide 3: Q1 2026 A Strong Start to the Year
Q1 2026 A Strong Start to the Year Recapitalization plan complete securing >$1B in raised and available capital(1) Fully Funded development plan(2) Underground development on plan at first two projects Record revenue and gross profit for the quarter Positive construction decision on Lone T
Slide 4: Granite Creek Underground Improved Performance
Three months ended Granite Creek Property March 31, GRANITE CREEK UNDERGROUND Operational Statistics Oxide mineralized material mined tonnes 2026 11,713 2025 15,876 Sulfide mineralized material mined 19,714 Improved Performance tonnes 14,643 Total oxide and sulfide mineralized material mined tonnes
Slide 5: Granite Creek Underground Infill and Step-Out Drilling Continued in Q1
GRANITE CREEK UNDERGROUND Infill and Step-Out Drilling Continued in Q1 ~1,930 Meters of Core Drilling Completed Across The Property in Q1 • Assay results released on January 20th demonstrated high-grade mineralization throughout the South Pacific Zone, supporting expansion potential to the north and
Slide 6: Archimedes Underground Construction Continues on Schedule
ARCHIMEDES UNDERGROUND Construction Continues on Schedule Q1 Development Reached ~660 meters or 2,165 feet (>20 feet per day) well ahead of PEA rates supported by favorable ground conditions Exploration drift initiated for feasibility study drilling Costs remain in line with budget and PEA exp
Slide 7: Upper Archimedes Delivers High-Grade Infill Results
Upper Archimedes Delivers High-Grade Infill Results Plan View of Archimedes Underground Upper Archimedes Drilling Complete • >7,500 meters drilled over 35 holes to better define 426 Zone • Recent assay results returned high-grade intercepts in targeted drill areas consistent with the current geologi
Slide 8: Lone Tree Plant Refurbishment on Plan
LONE TREE PLANT Refurbishment on Plan Positive Construction Decision Granted Q1 2026 • Issued Hatch a limited notice to proceed August 2025 for critical-path procurement and engineering to support project timeline • Project is on plan for late-2027 first gold pour target • Owner’s team now fully sta
Slide 9: Cove Underground & Granite Creek Open Pit Advancing Through Technical Study
COVE UNDERGROUND & GRANITE CREEK OPEN PIT Advancing Through Technical Study Granite Creek Open Pit: Cove: i-80’s Third Planned Underground Gold Mine Technical Trade Off Analyses to Optimize Economics • Feasibility Study expected in Q2 2026 • Technical work and trade-off analyses underway aimed at •
Slide 10: Mineral Point Open Pit Substantial Drilling Campaign Initiated
MINERAL POINT OPEN PIT Substantial Drilling Campaign Initiated Targeting ~131,000 Meters of Drilling to Support Resource Conversion Ahead of Pre-feasibility Study Planned For 2027 • Core drilling commenced June 2025 • 4 drill rigs are currently on site, with three additional RC rigs expected to comm
Slide 11: Balance Sheet Strongest in Company History
BALANCE SHEET Strongest in Company History Driven by Recapitalization, Stronger Operations and Higher Gold Prices Financing Transactions; Recapitalization Complete Recapitalization Initiatives ~$300M May 2025 Equity Financings(1) $250M Franco-Nevada Net Smelter Return Royalty* ~$288M 3.75% Convertib
Slide 12: Q1 2026 Financial Highlights
Q1 2026 Financial Highlights Three months ended • ~10,600 ounces in gold sales1 due to advancements made March 31, at Granite Creek, slightly offset by lag in the timing of third- 2026 2025 party processing Revenue $000s 52,390 14,048 • ~4,000 recovered ounces of sulfide stockpile due to timing of s
Slide 13: Near-Term Catalysts
NEAR-TERM TECHNICAL STUDIES CATALYSTS Cove underground (Feasibility) — Q2 2026 12 -18 Months Granite Creek underground (Feasibility) — Q2 2026 Archimedes underground (Feasibility) — Late-Q1 2027 Mineral Point open pit (Pre-Feasibility) — 2027 Timing under review Granite Creek open pit (Fea
Slide 14: Q&A
Q&A
Slide 15: Appendix
APPENDIX
Slide 16: Non-GAAP and Supplemental Financial Performance Measures
Non-GAAP and Supplemental Financial Performance Measures The Company has included certain terms or performance measures commonly used in the "Adjusted loss” and “adjusted loss per share” are non-GAAP financial performance measures that the mining industry that are not defined under US GAAP in this d
Slide 17: Endnotes
Endnotes (1) The Company has secured over $1.0 billion in capital since the beginning of 2025 through a combination of financings. This includes (i) approximately $184 million in gross proceeds raised in May 2025 through a public offering and a concurrent private placement, with up to an additional