i-80 Gold Corp

i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development plan to advance its high-quality asset portfolio.

The Company is the fourth largest gold mineral resource holder in the state with a pipeline of high-grade exploration projects advancing towards feasibility and one operating project ramping-up toward steady-state, all strategically located in Nevada’s most prolific gold-producing trends.

Leveraging its fully permitted central processing facility following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth. i-80 Gold’s shares are listed on the Toronto Stock Exchange (TSX:IAU) and the NYSE American (NYSE:IAUX). For more information, visit www.i80gold.com.

Cash: Proforma approx. US$155M (as at May 22, 2025)

Debt: Approx. US$197M (as at March 31, 2025)

Major shareholders:

Daniel Kaufman – 9.5%

Orion Resource Partners – 5%

Moon Capital Management – 4%

Sprott Asset Management – 4%

Black Rock Institutional – 4%

Management ownership – 1.30%

Management Profile

Richard Young, President & CEO

Richard Young was the founder and eventually CEO of Teranga Gold Corporation, playing a key role in Teranga’s transformation from a single asset producer into a successful low-cost, mid-tier gold producer that was ultimately acquired by Endeavour Mining PLC in 2021 for more than C$2.5B. Most recently, Richard served as President and CEO of Argonaut Gold that was acquired by Alamos Gold Inc. in July of 2024. During his career, Mr. Young has been responsible for implementing award-winning sustainability programs, including the 2008 and 2017 PDAC Sustainability Award, and the 2020 UN Global Compact Canada SDG Accelerator Award.

Leily Omoumi, VP Corporate Development & Strategy

Leily Omoumi brings over 17 years of experience across the mining industry and capital markets. She was most recently Vice President, Corporate Development at Teranga Gold, a mid-tier gold producer, where she played an integral role in the advancement of the company’s strategic direction and completed two landmark M&A transactions, including the sale of Teranga Gold to Endeavour Mining. Previously she was at BMO Asset Management covering mining and oil and gas equities as a buy-side analyst, and prior to that she was a sell-side analyst covering precious metals equities at Scotia Capital. Ms. Omoumi began her career at Hatch Consulting as an engineer, working in a technical capacity on various global mining projects. She holds a Bachelor’s Degree in Mechanical Engineering, and an MBA from the University of Toronto.

What is your rationale for taking part in 121 Mining Investment?

Our rationale for attending the 121 Mining Investment Conference is to present i-80 Gold’s new development plan and highlight the value potential as we advance our multi-asset portfolio. We intend to outline our project milestones and demonstrate how proceeds from our recent equity financing will be deployed to deliver meaningful progress across the asset base.

The conference also provides an opportunity to engage with prospective long-term shareholders and broaden our investor base. In addition, we are open to discussions around potential royalty transactions on the Mineral Point open pit project and the Lone Tree autoclave, as well as the divestment of our non-core FAD property.

What recent news would you like to highlight to investors attending?

May 16, 2025: i-80 Gold Closes US$173 Million Bought Deal Public Offering

May 9, 2025: i-80 Gold Announces Upsizing of Previously Announced Bought Deal Public Offering of Units

April 24, 2025: i-80 Gold Appoints New Chief Operating Officer

March 6, 2025: i-80 Gold Announces Positive Preliminary Economic Assessment on the Granite Creek Open Pit Project, Nevada

March 5, 2025: i-80 Gold Announces Positive Preliminary Economic Assessment on the Granite Creek Underground Project, Nevada

February 21, 2025: i-80 Gold Announces Positive Preliminary Economic Assessment on the Mineral Point Open Pit Project, Nevada

February 18, 2025: i-80 Gold Announces Positive Preliminary Economic Assessment on the Archimedes Underground Project, Nevada

February 12, 2025: i-80 Gold Announces Positive Updated Preliminary Economic Assessment on the Cove Project, Nevada

What are your key goals in 3 months, 6 months, 12 months?

6 Months:
– Advance feasibility studies for Granite Creek Underground, Cove Underground, and Granite Creek Open Pit
– Autoclave Refurbishment Class 3 Engineering Study
– Achieve steady state of gold extraction at Granite Creek Underground
– Commence underground portal development activities at Archimedes Underground

12 Months:
– Complete construction of the Archimedes Underground
– Eliminate Orion Convertible Loan and secure senior debt

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Water ingress at the Granite Creek underground project has impacted underground development. Groundwater is an issue often faced by Nevada miners. Drawing on regional best practices, we have expanded our water-treatment capacity, built a predictive groundwater model, and implemented proactive dewatering measures.

What do you think makes your company such a compelling investment?

i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development plan to advance its high-quality asset portfolio. The Company is the fourth largest gold mineral resource holder in the state with a pipeline of high-grade exploration projects advancing towards feasibility by the end of 2025 and one operating project ramping up toward steady state, all strategically located in Nevada’s most prolific gold-producing trends.

Recent capital raises totalling gross proceeds of approximately US$184 million underscores investor confidence and positions the Company to execute on the development plan.
The Company is expected to achieve production of over 400,000 ounces of gold by the early 2030’s, with all deposits open for further expansion.

Central to this strategy is the refurbishment of the Company’s permitted Lone Tree autoclave facility, enabling a hub-and-spoke mining and central processing model.

What are the top 3 key investor takeaways?

The multi-stage high-grade projects are largely brownfield restarts and low capital intensity with infrastructure mostly in place and short development timelines.

Following recent financings, i-80 Gold is funded to clean up the balance sheet and advance its development of each asset to at least mid-2026, upon which it is targeting a senior debt facility in mid-2026, aligned with the maturity of its Orion convertible loan.

With its new development plan, i-80 Gold has a clear roadmap towards transitioning towards becoming a mid-tier gold producer.