8-K Filing Summary for i-80 Gold Corp.
i-80 Gold Corp. announced on March 16, 2026, the closing of a $250 million royalty financing with Franco-Nevada Corporation. A portion of these proceeds was used to redeem $73 million of 8% secured convertible debentures due in 2027 and to repay a $92 million convertible loan and gold prepayment agreement with Orion Mine Finance. The company received $225 million at closing, with the remaining $25 million contingent on future expenditures. Approximately $165 million of the funds were used to extinguish legacy debt, with the rest allocated to advancing the Mineral Point and Archimedes projects. Additionally, 8.1 million common shares were issued to debenture holders who elected to receive accrued interest in equity, and 3 million common shares were issued to Orion as part of their loan settlement. The company also retains a silver purchase agreement and an offtake agreement with Orion.