i-80 Gold Corp. reported its operating and financial results for the fourth quarter and full year ended December 31, 2024. For Q4 2024, revenue was $23.228 million, down from $25.837 million in Q4 2023, while the net loss improved to $17.730 million from $36.053 million in the prior-year quarter, resulting in a loss per share of $0.04.
For the full year 2024, revenue totaled $50.335 million, a decrease from $54.910 million in 2023, and the net loss increased to $121.533 million from $89.654 million in 2023, with a loss per share of $0.34. The company ended the year with cash and cash equivalents of $19.001 million, up from $16.277 million at December 31, 2023.
i-80 Gold provided 2025 production guidance, expecting to produce between 30,000 to 40,000 ounces of gold, with growth expenditures projected at $40 million to $50 million. The company also announced a new gold and silver prepay arrangement with National Bank of Canada, under which National Bank purchased approximately 6,800 ounces of gold and 345,000 ounces of silver, with proceeds used to satisfy existing prepay obligations to Orion Mine Finance. Additionally, i-80 Gold is finalizing a working capital facility with Auramet International, Inc. for up to $12 million.
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