i-80 Gold reports doubled production and about $465M cash after recapitalization
Six months after its March recapitalization, i-80 Gold reported Q2 production more than doubled year over year and ended the quarter with about $465 million in cash, aided by the release of roughly $17 million in restricted cash and the exercise of 8.5 million warrants. Revenue rose to nearly $77 million for the first half, while net loss widened to $131 million due mainly to noncash revaluations, financing costs and higher predevelopment spending.