8/11/2026

speaker
Operator
Conference Operator

Hello and welcome to I-80 Gold's 2026 Second Quarter Results Conference call and webcast. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time you need immediate assistance, please press star zero for the operator. This call is being recorded on Tuesday, August 11, 2026. I will now turn the call over to Katerina De Rosa, Vice President, Investor Relations at I-80 Gold.

speaker
Katerina De Rosa
Vice President, Investor Relations

Thank you, Operator, and hello, everyone. Thank you for joining our review of ID Gold's second quarter results. Today's company presenters include Richard Young, President and CEO, Paul Chawrun, COO, and Ryan Snow, CFO. Before we begin, please note that some of today's commentary may contain forelooking statements, which are subject to risk factors and uncertainties that could cause actual results to differ materially. Please refer to yesterday's press release for cautionary notes regarding these forelooking statements and the related risk. Today's remarks should be reviewed together with the company's form 10-Q for the quarter ended June 30th, 2026, which is available on iotgold.com, Cedar Plus, and Edgar. I will now hand the call over to Richard.

speaker
Richard Young
President and Chief Executive Officer

Well, Katerina, thank you. Thank you for joining us today. Starting on slide three. The first half of 2026 marked an important turning point for iotgold. Following the successful recapitalization completed, in the first quarter. With the recapitalization complete, we're focused on executing against the development plan and we're encouraged by the progress we're making as we move into the second half of this year. We have strengthened our balance sheet, advanced our key development projects, delivered encouraging results through the drill bit, and commenced demolition of the Lone Tree autoclave and CIL Processing Plant in advance of construction in the fourth quarter. Transitioning from tool milling to owner processing in 2028 will improve our cash margins by between $1,000 and $1,500 per ounce. The scale of the technical work underway across the portfolio is significant, and we continue to build the technical, operating, and financial depth within our team to advance multiple projects concurrently. Permitting is also progressing on track. And our second quarter achievements continue to de-risk our development plan and keep our phase one projects on track, targeting an increase in annual gold output from approximately 50,000 ounces this year to between 150 and 200,000 ounces in 2028. At the same time, we continue to advance our pipeline of projects, providing a pathway to organic growth to over 600,000 ounces of gold by the early 2030s. With that, I'll turn the call over to Paul for project updates.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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