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i-80 Gold Corp.
5/13/2026
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Hello, and thank you for joining IAD Gold's 2026 First Quarter Results Conference Call and Webcast. Today's company presenters include Richard Young, President and Chief Executive Officer of IAD Gold, Paul Cherun, COO, and Ryan Snow, CFO. Before we continue, please note that today's comments may contain forward-looking statements, which involve risks and uncertainties. Actual results could differ materially. I ask everyone to refer to slide 2 of the presentation, which is available on IAD Gold's website, to view the cautionary notes regarding the forward-looking statements made on this call and the risk factors related to these statements. All amounts are in US dollars unless otherwise stated. Following today's formal presentation, we will open the call to your questions. I'll now hand the call over to Richard.
Well, thank you, Vincent, and hello, and thank you for joining today's call, starting with slide three. We're off to a strong start in 2026, advancing our growth strategy to create a Nevada-based mid-tier gold producer. We are pleased to now have the recapitalization behind us as we complete the recap in the first quarter, a task that took about 12 months to complete Through a series of financing transactions, we've secured over $1 billion, providing funding certainty, paying off legacy debt, and de-risking our development plan. With the recapitalization complete, we believe we are now fully funded to advance phase one and phase two of our development plan, which currently include the refurbishment and commissioning of our centralized lone tree processing facility, development of three underground projects to feed lone tree as part of our hub and spoke strategy, as well as developing one of our two large open pit oxide projects. This growth pipeline is rare for a development company of our size. Phase one and two are expected to generate sufficient free cash flow to fund phase three, which currently includes the development of Mineral Point, a large oxide open pit, which is actually the largest project within our portfolio. During the quarter, we made excellent progress advancing all three phases of our development plan, achieved record quarterly revenue and gross profit, as we finally put the water issue behind us at Granite Creek. And Paul will speak about that shortly. Advanced construction of our second underground mine on budget and on schedule. Received board approval for the lone tree plant refurbishment following completion of the recap. This all puts us on track to complete phase one of our development plan to increase goal production from about 50,000 ounces this year to between 150 and 200,000 ounces per year by 2028. We've also initiated the largest drill program in our company's history for resource and reserve development in support of feasibility and pre-feasibility studies due next year. Our recapitalization repositions the company as the focus shifts now from a weak balance sheet to the value of our asset base and execution. IAD is better positioned today than at any point in our company's history. I'll turn it now over to Paul for a look at each project. Paul?
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