i-80 Gold Lowers 2026 Output Outlook

The miner reported higher realized gold prices and wider losses in its third-quarter results ended Sept. 30.

Updated on Nov. 3, 2026 in Economic Indicators

Isometric editorial illustration of a terraced heap-leach ore pad and a blank gold ingot on flat desert ground, in oxblood, teal, and mustard. — i-80 Gold reported a $48.350 million net loss on $32.728 million in revenue for the quarter ended Sept. 30, and expects 2026 output in the lower half of its guidance. AI Illustration. Upload story photo >

i-80 Gold reported $32.728 million in revenue for the quarter ended Sept. 30, up from $32.019 million a year earlier, and a net loss of $48.350 million, or $0.06 per share. The company expects 2026 gold production in the lower half of its guidance range.

Why it matters

The company linked higher exploration spending to drilling at Ruby Hill and is revising its 2027 mine plan to account for more oxide material than previously anticipated. Its cash position of $411.355 million at Sept. 30 supports the planned development timeline.

Gold production fell to 11,685 ounces from 12,428 ounces a year earlier, while the average realized price rose to $4,211 per ounce from $3,412. Exploration and pre-development costs climbed to $33.355 million from $20.062 million, and the filing does not state how much of the 2026 production gap will be closed before year-end.

The players

i-80 Gold

A U.S.-focused gold mining company operating projects in Nevada and planning the Lone Tree Plant refurbishment.

The details

i-80 Gold plans to heap-leach oxide material from Archimedes rather than sell it under an ore purchase agreement, with heap leaching expected to begin by year-end. The company is also refurbishing the Lone Tree Plant, with commissioning expected in the fourth quarter of 2027 and annual production of 150,000 to 200,000 ounces targeted from 2028.

Sept. 30, 2026: Quarter ended with reported revenue and cash position.
Year-end 2026: Heap leaching of Archimedes oxide material planned to begin.
First quarter of 2027: Revised timing for Archimedes oxide production recognition.
Fourth quarter of 2027: Expected commissioning of the Lone Tree Plant.

Economic Indicators Context

Higher average realized gold prices, which rose to $4,211 per ounce from $3,412, are offsetting lower production volumes for i-80 Gold. The trend mirrors the pattern in recent quarterly filings where price gains have partly cushioned miners facing production delays.

Investors holding i-80 Gold shares face a wider per-share loss this quarter and a delayed revenue recognition schedule for Archimedes material. Households with gold-linked retirement exposure may see steadier price support, though lower output means less supply from this producer.

The takeaway

Investors tracking i-80 Gold should watch the Lone Tree commissioning timeline and year-end heap leaching start, since both determine when production volumes begin to recover.

What happens next

The company expects Lone Tree Plant commissioning in the fourth quarter of 2027 and heap leaching of Archimedes oxide material to begin by year-end 2026.