11:48 AM EDT, 08/13/2025 (MT Newswires) -- (Adds National Bank comment and updates shares.)

I-80 Gold ( IAUX ) said Wednesday that its net loss narrowed in the second quarter.

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

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

"The second quarter marked a major turning point at i-80 Gold ( IAUX )," chief executive 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."

National Bank of Canada maintained its outperform rating and $2 .00 price target at following the company's results.

National Bank said its rating on I-80 is supported by its resource endowment of 15.8-million ounces with exploration upside in a tier 1 jurisdiction, as well as multiple growth levers.

The company's shares were last seen up $0.01 to $$0.80 on the Toronto Stock Exchange.

Price: 0.80, Change: +0.01, Percent Change: +1.27