07:17 AM EDT, 08/13/2025 (MT Newswires) -- I-80 Gold ( IAUX ) said Wednesday that its net loss narrowed in the second quarter.

The company booked a net loss of US$30.2 million, or US$0.05 per share, compared to a year-ago loss of US$41.0 million, or US$0.11 per share.

Revenue increased to US$27.8 million from US$7.2 million.

"The second quarter marked a major turning point at i-80 Gold ( IAUX )," President and CEO Richard Young said. "The equity financing completed in May has enabled us to advance key development initiatives across the five gold projects included in our development plan, and advance the Lone Tree autoclave refurbishment study which will be a key component of our hub-and-spoke mining and processing strategy for our high-grade underground projects."

I-80's share price dropped 2.5% on Tuesday to $0.79 on the TSX.