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i-80 Gold (IAUX) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 2, 2026 · i-80 Gold (IAUX) Q3 2026 earnings results →
Q3 2026 Revenue up 2% year over year to $32.7M · 148¢ of every $1 of revenue lost · operating margin -132.4%
i-80 Gold made $32.7M in Q3 2026 (+2% Y/Y): Gold and silver $19.1M, Mineralized material $13.6M. Operating margin -132.4%, net loss $48.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.
Drawing the Sankey…
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What changed this quarter
Revenue was $32.7M in Q3 2026, up 2% year over year and up 34% from the previous quarter. Gold and silver was the largest line at 59% of revenue. Mineralized material added $6.4M year over year (up 90%), 907% of the total change. Gold and silver declined 23%.
Gross margin was 15.1%, up 5.4 points from Q3 2025. Operating costs exceeded revenue by $43.3M, an operating margin of -132.4%. Operating expenses grew 56% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+64%). The quarter ended with a net loss of $48.4M, narrower than the previous quarter's $52.5M loss.
Operating cash flow was −$32.5M. Non-cash charges added back $4.9M of share-based compensation. Working capital and other items added $10.9M. Capital expenditures of $23.4M exceeded it, leaving free cash flow of −$55.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 2, 2026 | $32.7M | +2% | -132.4% | −$48.4M | −$32.5M |
| Q2 2026 | 10-Q | Aug 10, 2026 | $24.3M | -12% | -140.2% | −$52.5M | −$49.6M |
| Q1 2026 | 10-Q | May 12, 2026 | $52.4M | +273% | -41.6% | −$78.6M | −$45.1M |
| Q4 2025 | 10-K | Feb 19, 2026 | $21.3M | -8% | -291.6% | −$85.6M | −$34.3M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $32.0M | +178% | -86.7% | −$41.9M | −$15.2M |
| Q2 2025 | 10-Q | Aug 13, 2025 | $27.8M | +288% | -67.4% | −$30.2M | −$11.3M |
| Q1 2025 | 10-Q | May 5, 2025 | $14.0M | +67% | -112.3% | −$41.2M | −$22.7M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About i-80 Gold
Unless otherwise indicated or the context otherwise requires, use of the terms "Company", "i-80" and "i-80 Gold" in this Annual Report refer to i-80 Gold Corp. and its direct and indirect subsidiaries as of the date of this Annual Report, or other entities controlled by them, on a consolidated basis, notwithstanding that such direct and indirect subsidiaries may not have been controlled by them at all relevant times, including December 31, 2025. i-80 Gold Corp. was incorporated on November 10, 2020 pursuant to the Business Corporations Act (British Columbia) ("BCBA"), as a wholly-owned subsidiary of Premier Gold Mines Limited ("Premier") for the purposes of effecting a plan of arrangement (the "Plan of Arrangement") under Section 182 of the Business Corporations Act (Ontario) (the "Arrangement"). The Arrangement was completed on April 7, 2021.
In its own words, from its 10-K, filed Feb 19, 2026.
i-80 Gold against its Gold and Silver Ores peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +27%. Operating margin: -132.4% against the peers' median 38.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| IAUX i-80 Gold | Q3 2026 | $32.7M | +2% | -132.4% |
| NEM Newmont | Q3 2026 | $6.4B | +15% | 49.7% |
| B Barrick Mining | Q2 2025 | $3.7B | +16% | 38.5% |
| CDE Coeur Mining | Q3 2026 | $984M | +77% | 17.7% |
| WPM Wheaton Precious Metals | Q3 2026 | $772M | — | 66.2% |
| AG First Majestic Silver | Q3 2026 | $394M | — | 38.6% |
| FNV Franco Nevada | Q2 2025 | $369M | +42% | 82.8% |
| MUX McEwen | Q2 2026 | $59.2M | +27% | 13.0% |
| URG Ur-Energy | Q2 2026 | $14.4M | +38% | -128.3% |
Source: i-80 Gold 10-Q on SEC EDGAR · CIK 1853962 · Gold and Silver Ores
Guidance and outlook
13F: who owns IAUX and who is buying
More on IAUX
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results