I-80 Gold Corp · TSX:IAU
I-80 Gold — Q2 2026 Earnings Presentation
18 slides from I-80 Gold's earnings presentation, Aug 11, 2026
Slide 1: Creating a Nevada-Focused Mid-Tier Gold Producer
NYSE: IAUX TSX: IAU Creating a Nevada-Focused Mid-Tier Gold Producer Q2 2026 Results Conference Call & Webcast August 11, 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 i-80 Gold Corp.’s (“i-
Slide 3: H1 2026: Executing Against the Development Plan
H1 2026: Executing Against the Development Plan ✓ Successful recapitalization completed in Q1 2026 ✓ Development plan advancing across the portfolio ✓ Commenced demolition of Lone Tree processing plant ✓ Near-term projects on track to achieve key milestones over 12-18 months ✓ High-grade drill resul
Slide 4: Granite Creek Underground Development Ahead of Schedule for H2 2026+
Granite Creek Underground Development Ahead of Schedule for H2 2026+ Granite Creek Property Three months ended June 30, Operational Statistics 2026 2025 Main Decline and Lateral Development Ahead of Mine Plan Oxide mineralized material mined tonnes 12,039 24,074 Sulfide mineralized material mined to
Slide 5: Granite Creek Underground Expansion Drilling Continues
Granite Creek Underground Expansion Drilling Continues Updated Mineral Resource Estimate Complete • Lower cut-off grade than PEA expands areas considered economic for mining • Expect the feasibility study reserve grade to be consistent with the average mined grades over the past several quarters Inf
Slide 6: Archimedes Underground Q2 2026 Development
Archimedes Underground Q2 2026 Development Construction continues on schedule ✓ Underground operating costs in line with 2025 PEA and largely on budget ✓ Main decline continued to advance ahead of planned rates ✓ Exploration drift completed ahead of schedule to support drilling at depth ✓ Benefittin
Slide 7: Archimedes Delivers High-Grade Infill Results
Archimedes Delivers High-Grade Infill Results Upper 426 Zone Drilling Completed April 2026 • ~8,500 meters across 40 drill holes to better define 426 zone • Recent assay results returned high-grade intercepts and demonstrated continuity, scale and potential to extend mineralization beyond boundaries
Slide 8: Advancing Through Technical & Economic Studies
Advancing Through Technical & Economic Studies Cove Underground Granite Creek Open Pit • Feasibility Study expected late Q3 2026 • Pre-Feasibility study timing under review • Permitting activities advancing as planned • Early-stage pre-permitting activities underway and – revising the mine plan, seq
Slide 9: Mineral Point Open Pit
Mineral Point Open Pit i-80’s Gold’s Largest Asset by Value Targeting ~131,000 meters of Drilling Over 300 Drill Holes Expected to be Completed Q1 2027 • Surface drilling campaign initiated late-Q1 2026; completed ~14,800 meters of drilling in Q2 2026 • Supporting resource conversion ahead of pre-fe
Slide 10: Lone Tree Plant Refurbishment
Lone Tree Plant Refurbishment Remains on Schedule and on Budget ✓ Critical path procurement on schedule ✓ Demolition underway ✓ Detailed engineering progressing as planned ✓ Permitting remains aligned with the construction schedule ✓ Project capital remains on budget – ~40% of project capital commit
Slide 11: Strong Balance Sheet & Liquidity Following Recapitalization
Strong Balance Sheet & Liquidity Following Recapitalization Financing Transactions; Recapitalization Completed Q1 2026 Recapitalization Initiatives ~$300M May 2025 Equity Financings(1) $250M Franco-Nevada Net Smelter Return Royalty* Cash Balance ~$288M 3.75% Convertible Senior Notes Due 2031 ~$490M
Slide 12: Q2 2026 Financial Highlights
Q2 2026 Financial Highlights • Net loss increased due to Three months ended – non-cash accounting impacts tied to the revaluation of our June 30, financial instruments 2026 2025 – financing costs related to the recapitalization Revenue $000s 24,348 27,836 – increased pre-development expenses as proj
Slide 13: 2026 Guidance: Timing & Allocation of Capital
2026 Guidance: Timing & Allocation of Capital On track to meet 2026 guidance subject to the following Growth Capex • Expected to be largely in line with the $150M to $175M guidance range. • Capex expected to be ~$30M below guidance range; accrued project costs remain within the Lone Tree Plant guida
Slide 14: Near-Term Development Catalysts
Near-Term Development Catalysts Over the next 12 – 18 months ARCHIMEDES UNDERGROUND ❑ First gold mined — Q4 2026 LONE TREE PLANT ❑ Commence construction — Q4 2026 ❑ Completion of detailed engineering — late Q1 2027 ❑ Filtration plant completion — early Q4 2027 ❑ First gold pour — Q4 2027 TECHNICAL S
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Slide 16: Appendix
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Slide 17: Non-GAAP and Supplemental Financial Performance Measures
NON-GAAP AND SUPPLEMENTAL FINANCIAL PERFORMANCE MEASURES The Company has included certain non-GAAP commonly used in the mining industry that are not defined under US GAAP in this document. These include adjusted loss, adjusted loss per share, and average realized price per ounce. These measures are
Slide 18: 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