i-80 Gold Corp. has released its annual 10-K report, detailing an 89% increase in revenue to $95.2 million but also a net loss of $198.8 million, primarily due to non-cash revaluation losses. The company aims to become a mid-tier gold producer in Nevada, planning to increase annual gold output to over 600,000 ounces by the early 2030s through advancing its underground mines and refurbishing the Lone Tree Plant. Despite operational challenges and market risks, i-80 Gold is executing a multi-asset development plan, supported by a significant recapitalization effort to strengthen its financial position.
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i-80 Gold Corp. SEC 10-K Report
i-80 Gold Corp. has released its annual 10-K report, detailing an 89% increase in revenue to $95.2 million but also a net loss of $198.8 million, primarily due to non-cash revaluation losses. The company aims to become a mid-tier gold producer in Nevada, planning to increase annual gold output to over 600,000 ounces by the early 2030s through advancing its underground mines and refurbishing the Lone Tree Plant. Despite operational challenges and market risks, i-80 Gold is executing a multi-asset development plan, supported by a significant recapitalization effort to strengthen its financial position.