The miner reported a $19.7M revenue shortfall for Q2, with cash reserves declining by $49.0 million sequentially.
I-80 Gold reported Q2 revenue of $24.3 million, missing estimates by $19.7 million and declining 12.7% year-over-year. Non-GAAP earnings per share stood at -$0.05 for the quarter.
Cash and cash equivalents fell to $464.6 million as of June 30, 2026, down $49.0 million from March 31, 2026. The decrease was attributed to cash used in operations and investments during the period.
The company did not disclose immediate market reactions in the release.