i-80 Gold is a Nevada-focused gold development company that owns five gold projects along the Battle Mountain-Eureka Trend. The company is not yet a full-scale producer — current output comes primarily from the Granite Creek underground mine, supplemented by residual heap leach production at Lone Tree and Ruby Hill, with full-year 2025 guidance of 30,000–40,000 ounces. i-80 Gold's long-term goal is to reach over 600,000 ounces per year by the early 2030s by building three high-grade underground mines (Granite Creek, Archimedes, and Cove) and two large open pit operations, all processed through a central hub — the Lone Tree autoclave facility, which is being refurbished at a cost of roughly $350M–$400M and is targeted to be commissioned by end of 2027. Until Lone Tree is operational, refractory ore must be toll milled at third-party facilities at a payability of roughly 55–60%, compared to approximately 92% recovery at the Lone Tree autoclave — a difference that translates to roughly $1,000/oz of additional margin. The company is in an active recapitalization phase, with total capital needs estimated at $800M–$950M through the end of the decade. Planned funding sources include a senior debt facility of $350M–$400M, a potential royalty sale on the Mineral Point open pit asset, proceeds from warrant exercises, and a sale of the non-core FAD polymetallic property. Gold is sold into global commodity markets, with offtake agreements in place with Vox Royalty and Orion.