Latest news with #RichardYoung
USA Today
10 hours ago
- Sport
- USA Today
A look at Alabama football's 2025 running back position group
The 2025 Alabama Crimson Tide running back room ran for a total of 1,353 yards, 15 touchdowns, and 5.1 YPC last season. These are solid statistics for a young group, but offensive coordinator Ryan Grubb needs the group to step up this season. This will take the pressure off first year starter Ty Simpson. Keep in mind that quarterback Jalen Milroe was the team's leading rusher last season and third-leading rusher Justice Haynes has transferred to Michigan. This is a loss of 1,200 yards and 27 touchdowns. Alabama now has running backs Richard Young, Daniel Hill, and AK Dear stepping into more prominent roles, and incoming Louisiana transfer Dre Washington will receive more carries as well. Jam Miller was the starting running back in the offense, but is now out due to injury during Saturday's scrimmage. This will create more opportunities for the other backs on depth chart. Let's take a look at Alabama's 2025 running back room, as well as project the season for each. Jam Miller - 5'10 221 - Senior Jam Miller led the Crimson Tide running backs last year with 145 carries, 668 yards, and seven touchdowns. He also had 16 receptions, 155 yards, and another score. Jam shows excellent vision, burst, and patience as a runner. He jump cuts well and carries the football high and tight. He runs between the tackles effectively, but also has enough speed and burst for big plays and chunk yardage. Jam is on the 2025 Doak Walker Watch List and is preseason Third Team All-SEC. Jam suffered an upper body injury during Saturday's scrimmage and is currently out indefinitely, the timetable for recovery is currently unknown. 2025 Projection: TBD Richard Young - 5'11 212 - Redshirt Sophomore Richard Young was a highly touted high school prospect who can emerge as Alabama's No. 2 back behind Miller. Young was ranked as the No. 1 running back in the nation according to ESPN in 2023. He had 27 carries and 146 yards last season, including a 62-yard run vs. Missouri. Young was a track star in high school, and has enough long speed to take it the distance. He ran both the 100 and 200 meters in high school. That being said, I really like him between the tackles for short yardage needs. He is a north/south runner who gets skinny through the holes and can keep the chains moving for the offense. He has enough vision and burst to be a home run threat as well. 2025 Projection: 60 carries, 300 yards, 7 TD Dre Washington - 5'9 216 - Redshirt Senior Dre Washington is a redshirt senior transfer from Louisiana. Dre played meaningful reps for the Cajuns in the last three seasons compiling 1,343 yards, nine touchdowns, and 5.9 YPC. Dre is a big play back who has a very smooth stride. He can be a change of pace back for the Tide after Jam Miller and Richard Young have worn down the defense. He reminds me of Felix Jones who played at the University of Arkansas from 2005-07 and was an eventual first round pick to the Dallas Cowboys. Dre is a long strider with good vision and cutting ability. He is looking to run away from tacklers and has the elusiveness to do so. He may not receive a super high volume of carries, but he has the speed and agility to have one the highest yard per carry averages in the conference. 2025 Projection: 60 carries, 360 yards, 6.0 YPC, 5 TD Daniel Hill - 6'1 244 - Sophomore Hill is physically impressive and definitely the most versatile back in the Alabama running back room. Hill is a running back, but could also be considered an athlete. He played multiple different offensive positions in high school. His build and athletic ability remind me of Alabama great Trent Richardson. Hill is truly a man child who can cut and move in space. He doesn't have elite speed, but has elite athletic ability and can create big plays for the Tide because of his versatility. He will be able to catch out of the backfield, but will also be a physical runner between the tackles. Hill may be the most intriguing back for the Tide, but is young and needs game experience. He will have value as a decoy that his stats won't calibrate. Can be the Dark Horse of the group in 2025. 2025 Projection: 45 carries, 230 yards, 5 TD AK Dear - 6'1 212 - Freshman AK Dear is a talented true freshman out of Mississippi. He has home run threat potential and great separation speed. AK Dear reminds me of Adrian Peterson because he is a physical runner who can get to the second and third level in a split second. How much playing time he gets at Alabama this season remains to be seen. Right now he is likely the fifth back on Alabama's depth chart due to his youth and inexperience. He will likely see most of his reps against lesser tier opponents and in mop up duty. This will get him acclimated to pass protection and SEC game speed. His reps will definitely be something for the Tide faithful to look forward to as he will give the offense electricity. Look for a couple of long touchdown runs this season when the F]freshman touches the football. 2025 Projection: 30 carries, 150 yards, 2 TD Kevin Riley - 5'11 191 - Redshirt Freshman Kevin Riley is a talented redshirt Freshman out of Tuscaloosa County High School. He only had 10 carries for 30 yards last season, so too small of a sample size to judge what he can contribute this season. Riley had an impressive high school career, averaging 6.43 yards per carry as a junior. Riley was ranked the No. 3 RB in the country according to the 247Sports Composite. Riley can be described as a patient runner with great burst and anticipation. He is looking to exploit creases at the second and third levels to make house calls. He does a great job of getting skinny through the holes and searching for daylight. He also has great feet and contact balance as he broke many tackles at the high school level. He has great play strength and is difficult to bring down by one tackler. He is a one cut guy who is searching for a crease to score a touchdown. The uncertainty surrounding Jam Miller's injury is definitely a concern. He underwent a procedure Saturday evening, and the time table for recovery is unknown. However, the Tide have a talented and deep group, they just need repetitions and game experience. They have two nationally recognized offensive linemen blocking for them (Parker Brailsford, Kadyn Proctor), but also have a first year starting quarterback (Ty Simpson). Look for a lot of cutting and scoring 20-30 yard touchdowns. They have multiple backs who can get to the second and third level very quickly. This should create balance in Ryan Grubb's offense and take pressure off Ty Simpson. Look for tired defenses trying to tackle a speedy backfield. Contact/Follow us @RollTideWire on X, and like our page on Facebook to follow ongoing coverage of Alabama news, notes and opinion.
Cision Canada
6 days ago
- Business
- Cision Canada
i-80 Gold Reports Second Quarter 2025 Results and Project Development Highlights
RENO, Nev., Aug. 13, 2025 /CNW/ - i-80 GOLD CORP. (TSX: IAU) (NYSE American: IAUX) ("i-80 Gold", or the "Company") reports its operating and financial results for the three and six months ended June 30, 2025, highlighting key developments across its asset portfolio. Unless otherwise stated, all amounts referred to herein are in U.S. dollars. "The second quarter marked a major turning point at i-80 Gold," stated Richard Young, President and Chief Executive Officer. "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." Mr. Young added, "In support of our three-phase development plan, we anticipate several key catalysts over the next 12 to 18 months. These include initiating underground development at Archimedes, completing infill drill programs and technical work to support upcoming feasibility studies at four of our gold projects, and completing the Lone Tree autoclave feasibility study. In parallel, permitting efforts are well underway across the portfolio as we recently expanded our permitting team and continue working collaboratively with regulators and local stakeholders. We are also actively working to secure the next phase of our recapitalization plan to continue laying the foundation to achieve our expected average annual target of more than 600,000 ounces of gold by the early 2030's (3)." OPERATING AND FINANCIAL HIGHLIGHTS Second Quarter 2025 Three months ended June 30, 2025 Revenue totaled $27.8 million for the quarter compared to $7.2 million in the prior year period primarily driven by higher gold ounces sold (1) at Granite Creek and Lone Tree and a higher average realized gold price (2). Gold sales (1) totaled 8,400 ounces at an average realized gold price (2) of $3,301 per ounce compared to gold sales (1) of 3,445 ounces at an average realized gold price (2) of $2,337 per ounce in the prior year period. Loss per share of $0.05 for the quarter improved compared to $0.11 loss per share in the prior year quarter primarily due to an increase in gross profit of $13.1 million. Cash used in operating activities for the quarter was $11.3 million, compared to $24.6 million in the prior year period due to an increase in gross profit. Executed financing initiatives in support of the Company's broader recapitalization plan, including a bought deal public offering to which the Company issued 345.8 million units for gross proceeds of $172.9 million (net proceeds of $162.7 million) and a private placement of 25.2 million units for gross proceeds of $12.6 million (net proceeds of $12.5 million). Cash balance of $133.7 million as at June 30, 2025, an increase of $120.2 million compared to March 31, 2025 primarily due to net proceeds received from the bought deal public offering and private placement, partially offset by the gold and silver deliveries under the prepay instruments of $31.0 million and $11.0 million, respectively. Completed 8,717 feet of core drilling during the three months ended June 30, 2025 at the Mineral Point open pit project on the Ruby Hill property and Granite Creek underground to enhance mineral resource definition and support future technical studies. "Given that i-80's core assets are brownfield projects with a well understood and sizeable mineral resource base, we continue to advance steadily with relatively low technical and permitting risk due to their historical mining footprints and existing infrastructure," stated Paul Chawrun, Chief Operating Officer. "The team remains focused on the infill drill programs in support of the upcoming feasibility studies, permitting, and development activities across all core assets as we progress toward achieving our staged production goals and continue to optimize the value and timing of each project within the broader development plan." RECAPITALIZATION UPDATE The Company continues to execute a recapitalization strategy aimed at strengthening its balance sheet and funding its growth plans. In May 2025, the Company raised gross proceeds of $185.5 million through a bought deal public offering and a concurrent private placement, with combined net proceeds of $175.2 million. If fully exercised, the warrants issued as part of the financing and expiring November 16, 2027, could provide the Company with up to approximately $130 million in additional proceeds. A portion of the proceeds of the offering were used to settle the first phase of the recapitalization plan totaling $42.0 million for gold and silver deliveries under the prepay instruments. Through to mid-2026, approximately $92 million is expected to be allocated to fund construction activities, drilling, permitting and technical studies across five gold projects including the Lone Tree autoclave processing facility, all part of the development plan. The Company is actively working to secure the balance of required capital to execute the development plan and is in discussions with several parties regarding additional financing options. These potential options include debt facilities, as well as a royalty sale, and the sale of its FAD property, which is a non-core asset. Management aims to complete the balance of its recapitalization plan by mid-2026, aligning with the date of maturity of the Orion Convertible Loan. UPCOMING CATALYSTS The Company's three-phase development plan prioritizes its high-grade underground refractory deposits and the refurbishment and commissioning of its Lone Tree autoclave to serve as a central processing hub, while also progressing permitting and technical work on its two large-scale open pit projects. In alignment with this strategy, the Company expects to achieve the following catalysts: Archimedes Underground Commence underground development – Q3 2025 Initiate infill drilling – Q4 2025 (upper zone)/Q1 2026 (lower zone) Feasibility Studies Lone Tree autoclave refurbishment (Class 3 engineering study) – Q4 2025 Granite Creek Underground – Q1 2026 Cove Underground – Q1 2026 Granite Creek Open Pit – Mid-2026 Archimedes Underground – Q1 2027 Recapitalization Plan Advance debt financing options Sale of non-core asset (FAD property) Royalty sale OPERATIONAL AND FINANCIAL OVERVIEW Granite Creek The Granite Creek property includes the Granite Creek underground project, a fully permitted, constructed and operating mine and the Granite Creek open pit oxide deposit adjacent to the underground project, currently in early-stage permitting. The Granite Creek underground is the Company's first brownfield project to be redeveloped and is currently ramping up towards steady-state gold output. Granite Creek Property Three months ended June 30, Six months ended June 30, Operational Statistics 2025 2024 2025 2024 Oxide mineralized material mined tonnes 24,074 16,314 39,397 25,778 Sulfide mineralized material mined tonnes 11,201 3,196 25,844 6,434 Total oxide and sulfide mineralized material mined tonnes 35,275 19,510 65,241 32,212 Oxide mineralized material mined grade g/t 11.38 11.49 11.74 12.23 Sulfide mineralized material mined grade g/t 7.43 10.08 7.93 9.23 Low-grade mineralized material mined 1 tonnes 16,173 14,033 39,019 25,748 Low-grade mineralized material grade 1 g/t 3.03 3.18 2.88 3.35 Waste mined tonnes 31,947 42,849 59,409 75,802 Total material mined tonnes 83,395 76,392 163,669 133,762 Processed mineralized material - sulphide tonnes 7,014 4,702 7,014 4,702 Processed mineralized material - leach tonnes 18,750 — 52,587 — Total processed mineralized material tonnes 25,764 4,702 59,601 4,702 Gold ounces sold 2 oz 5,981 1,809 9,086 3,384 Underground mine development (pre-development) ft 692 1,515 1,196 2,264 Drilling ft 2,978 34,414 2,978 18,479 Financial Statistics 2.025 2.024 2025 2024 Mining cost (total mineralized material and waste) $/t 175 113 173 125 Processing cost (processed mineralized material) $/t 133 88 74 147 Site general and administrative ("G&A") (total mineralized material mined 3) $/t 34 31 32 38 Royalties $000s 1,148 321 1,654 1,555 Capital expenditure 4 $000s 1,114 278 1,491 739 Pre-development, evaluation and exploration expenses $000s 5,949 7,634 9,719 12,115 Notes to table above: 1 Low-grade mineralized material extracted as part of the mining process that is below cut-off grade but incrementally economic. 2 Gold ounces sold include attributable gold from mineralized material sales at a payable factor of 57% in 2025 (2024 - 58%). 3 Total mineralized material mined consists of sulfide, oxide, and low-grade mineralized material. 4 Capital expenditure based on accrual basis. Granite Creek Underground Mining activities during the current quarter exceeded levels reported in the comparative prior-year period, primarily driven by additional faces available to mine due to stope development and changes in sequencing of mining. Management expects groundwater inflows to remain at or near the current ingress flow rates for the foreseeable future. Improvements to the existing infrastructure are ongoing, including the installation of at least two additional dewatering wells, an expanded water treatment facility, and an in-line piping and pumping system for the removal of mine contact water from underground workings, which are expected to positively impact development rates. The Company continues to encounter elevated levels of oxide mineralized material compared to levels anticipated in the March 2025 Preliminary Economic Assessment ("PEA") at Granite Creek. The lower-grade oxide mineralized material continues to be suitable for processing via heap leach at the Company's Lone Tree heap leach facility. During the quarter, 1,554 ounces of low-grade oxide material from Granite Creek was leached and sold from the Lone Tree heap leach facility. As at June 30, 2025, the Company has delivered approximately 28,000 tonnes of sulfide mineralized material, waiting to be processed under a new toll milling agreement with a third party. Under the new toll milling agreement, the material is expected to be processed within 120 days of delivery to the process facilities. For the three months ended June 30, 2025, $4.9 million was spent on pre-development expenses. Pre-development, evaluation, and exploration expenses for the six months ended June 30, 2025 were primarily related to underground development of $7.8 million and infill drilling. Infill drilling of the South Pacific Zone began in June 2025 with two active drill rigs – one operating from underground and one from surface. Three additional rigs are expected to be mobilized in the third quarter, with one additional rig underground and two at surface. These activities are expected to further support mineral resource definition and expansion. The exploration drift was completed at the end of June to a shorter extent than initially planned. The initial underground drill plan was modified to include additional surface drilling as part of the program. The infill drill program aims to upgrade the mineral resource and form the basis for the upcoming feasibility study, which is targeted for completion in the first quarter of 2026. Granite Creek Open Pit Following the release of the Granite Creek open pit PEA, technical work is underway to advance the project toward either a pre-feasibility or a feasibility-level study. Simultaneously, trade off analyses are being conducted to optimize the project economics. Permitting work is in the initial stages and advancing as expected. Granite Creek open pit has the potential to contribute to company-wide gold output by the end of the decade. Ruby Hill Property The Archimedes underground project is expected to be the Company's second underground mine, while Mineral Point is a large oxide gold and silver deposit with the potential to become the Company's largest gold producing asset. Archimedes Underground Surface infrastructure has been completed, and the initial development of the underground exploration drift is anticipated to commence in the third quarter of 2025. Permitting for mining above the 5100-foot level at Archimedes underground is nearing completion, with approval for advancement expected shortly. This phase of permitting covers mining activities above the 5100-foot elevation, a threshold consistent with previously approved permits for open pit mining at Ruby Hill. Permitting below the 5100-foot elevation is expected to begin immediately upon receipt of the first phase of permits. This sequential approach to permitting expedites mining while simultaneously pursuing remaining permits for the lower section. Infill drilling will be initiated in the fourth quarter of 2025 in the Archimedes upper zone and in the first quarter of 2026 for the Archimedes lower zone. The timeframe for first gold is approximately 14 months in duration from the commencement of portal construction which is expected to commence in the third quarter. In the meantime, the Company continues leaching the historic leach pads. During the three-month period, 665 ounces of gold were sold from Ruby Hill. Mineral Point A drill program for the Mineral Point open pit project commenced in June 2025 with two surface core drill rigs, completing approximately 5,800 feet of surface core drilling in the quarter to support geotechnical, metallurgical and hydrogeology studies for baseline data to advance permitting and technical reports. Following the release of a PEA in the first quarter of 2025, strategic evaluations are underway to determine optimal timing of a pre-feasibility or a feasibility-level study. Cove Project National Environmental Policy Act ("NEPA") permitting activities are underway with the Bureau of Land Management ("BLM") in anticipation of an Environmental Impact Statement ("EIS"). i-80 Gold is actively advancing major permit applications with the goal of aligning regulatory approvals with planned development timelines. Cove is expected to be the Company's third underground mine and begin contributing to company-wide production in mid-2029. In addition to the permitting process, an infill drill program was completed during the first quarter of 2025 to increase confidence in the mineral resource and collect data for engineering work to complete a feasibility study expected in the first quarter of 2026 while also incorporating additional metallurgical work. Underground delineation drilling was completed during the first quarter on the Helen and Gap deposits with two core rigs, completing approximately 15,000 feet of core drilled, bringing total drilling over the course of the infill campaign to approximately 145,000 feet. All assay results have been received since the inception of the infill drilling campaign in 2023 and expected to provide an updated mineral resource estimate in the third quarter of 2025. The geological model has been updated with these new drill results, and an updated resource estimate is in progress to be included in the feasibility study. Lone Tree Processing Facility The Lone Tree processing facility has one of three autoclave facilities in Nevada and is a strategic asset in unlocking value from i-80 Gold's three underground deposits by providing an owner-operated processing facility for the Company's high-grade underground refractory material. Currently, the Lone Tree autoclave refurbishment feasibility-level Class 3 engineering study is underway in collaboration with Hatch Ltd., an industry leader in autoclave technology, building on an internal feasibility study completed in 2023. The autoclave is envisioned to process refractory mineralized material from the Company's three underground mines, Granite Creek, Archimedes and Cove, creating a regional hub-and-spoke mining and processing strategy. Concurrently, i-80 Gold is recruiting the owner's team to oversee the engineering and execution of Lone Tree's refurbishment, along with risk mitigation planning and opportunities to accelerate the development timeline. The updated technical study for the facility's refurbishment will incorporate value engineering initiatives and updated cost estimates to support an improved execution strategy. Completion of the revised feasibility study is targeted for the fourth quarter of 2025. Lone Tree's processing facility is currently permitted for the operational components in use; however, new and revised applications will need to be approved for air quality and mercury operating programs, in addition to, Water Pollution Control and Reclamation Permit modifications for the processing and environmental controls included in the refurbishment plan. 1,754 ounces of gold were sold from the Lone Tree leach pads during the three-month period. The leaching of the historic leach pad at Lone Tree continues to produce gold at profitable quantities. The Company plans to continue to recover ounces from the Lone Tree leach pads as long as it is economical to do so. Capital expenditures of approximately $0.6 million during the three and six months ended June 30, 2025 and in the comparative period were related to the technical work on the refurbishment of the autoclave processing plant. FINANCIAL STATEMENTS This press release should be read in conjunction with i-80 Gold's Quarterly Report on Form 10-Q, including the unaudited condensed consolidated interim financial statements and associated Management's Discussion and Analysis of Operations and Financial Condition for the three and six months ended June 30, 2025 included therein, which is available on the Company's website at on EDGAR at and on SEDAR+ at Management will hold a conference call and audio webcast to discuss the second quarter highlights followed by a question-and-answer session from participants. The details are as follows: QUALIFIED PERSONS All scientific and technical information contained in this press release has been reviewed, verified and compiled under the supervision of Paul Chawrun, member of the Professional Engineers of Ontario (PEO) and the Company's Chief Operating Officer, and Tyler Hill, CPG., Vice President Geology for the Company, each of whom is a "Qualified Person" within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects and S-K 1300 and Subpart 1300 of Regulation S-K under the U.S. Securities Act of 1933, as amended. ENDNOTES (1) Gold ounces sold include attributable gold from mineralized material sales at a payable factor of 57% in 2025 (2024 - 58%). (2) This is a Non-GAAP Measure; please see "Non-GAAP Financial Performance Measures" section. (3) Consolidated production estimates and average annual production targets include the Cove Project, Archimedes Underground Project, Mineral Point Open Pit Project, Granite Creek Underground Project, and Granite Creek Open Pit Project and are based on the most recent life-of-mine production schedules disclosed in the latest technical studies filed for each respective project and related property. These anticipated production figures are preliminary in nature and are based on mineral resources, which do not have demonstrated economic viability, and which are not mineral reserves. In addition, each of the foregoing technical reports are preliminary economic assessments/initial assessment that are preliminary in nature and each include an economic analysis that is based, in part, on inferred mineral resources. Inferred mineral resources are considered too speculative geologically to have for the application of economic considerations applied to them that would enable them to be categorized as mineral reserves. As such, there is no certainty that the production targets will be realized. The production target is also pending the completion of the autoclave refurbishment Class 3 engineering study (where a series of trade-off scenarios will be considered comparing full autoclave refurbishment to alternate toll milling and ore purchase agreement options that could potentially be available), Board approval, and the successful funding, development, and commissioning of the Company's Lone Tree autoclave processing facility. The production target presented herein is a Company goal and not a projection of results and should not be taken as production guidance. ABOUT i-80 GOLD CORP. i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development plan to advance its high-quality asset portfolio. The Company is the fourth largest gold mineral resource holder in the state with a pipeline of high-grade development and production-stage projects strategically located in Nevada's most prolific gold-producing trends. Leveraging its central processing facility following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth. i-80 Gold's shares are listed on the Toronto Stock Exchange (TSX: IAU) and the NYSE American (NYSE: IAUX). For more information, visit CAUTIONARY STATEMENT ON FORWARD LOOKING INFORMATION Certain information set forth in this press release, including but not limited to management's assessment of the Company's future plans and operations, the perceived merit of projects or deposits, and the impact and anticipated timing of the Company's development plan and recapitalization plan, the intended use of proceeds from the bought deal equity offering and the concurrent private placement, outlook on gold output, the anticipated growth expenditures, the anticipated timing of permitting, production, project development or technical studies constitutes forward looking statements or forward-looking information within the meaning of applicable securities laws. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. Readers are cautioned that the assumptions used in the preparation of information, although considered reasonable at the time of preparation, may prove to be inaccurate and, as such, reliance should not be placed on forward-looking statements. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, if any, that the Company will derive therefrom. By their nature, forward looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company's control, including general economic and industry conditions, volatility of commodity prices, title risks and uncertainties, ability to access sufficient capital from internal and external sources such as selling assets, restructuring debt or obtaining additional equity capital on terms that may be onerous or highly dilutive. The Company's ability to refinance its indebtedness will depend on the capital markets and its financial condition at such time, currency fluctuations, construction and operational risks, licensing and permit requirements, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, imprecision of mineral resource, or production estimates. Please see "Risks Factors" in the Form 10-K for the fiscal year ended December 31, 2024 for more information regarding risks pertaining to the Company, which is available on EDGAR at and SEDAR+ at Readers are encouraged to carefully review these risk factors as well as the Company's other filings with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators. All forward-looking statements contained in this press release speak only as of the date of this press release or as of the dates specified in such statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise except as required by applicable law. Additional information relating to i-80 Gold can be found on i-80 Gold's website at SEDAR+ at and on EDGAR at NON-GAAP FINANCIAL PERFORMANCE MEASURES The Company has included certain terms or performance measures commonly used in the mining industry that are not defined under US GAAP in this document. These include adjusted loss, adjusted loss per share, and average realized price per ounce. Non-GAAP financial performance measures do not have any standardized meaning prescribed under US GAAP, and therefore, they may not be comparable to similar measures employed by other companies. The data presented is intended to provide additional information and should not be considered in isolation or as a substitute for measures prepared in accordance with US GAAP and should be read in conjunction with the Company's Financial Statements. For a more detailed breakdown on how this measure was calculated, please see the definitions and tables below. Definitions "Average realized gold price" per ounce of gold sold is a non-GAAP measure and does not constitute a measure recognized by US GAAP Accounting Standards and does not have a standardized meaning defined by US GAAP Accounting Standards. It may not be comparable to information in other gold producers' reports and filings. Management believes this non-GAAP measure improves the understanding of revenue. "Adjusted loss" and "adjusted loss per share" are non-GAAP measures that the Company considers to better reflect normalized earnings because it eliminates temporary or non-recurring items such as: gain (loss) on warrants, gain (loss) on Convertible Loans, and gain (loss) on fair value measurement of Gold Prepay Agreement and Silver Purchase Agreement. Adjusted loss per share is calculated using the weighted average number of shares outstanding under the basic calculation of earnings per share. Three months ended June 30, Six months ended June 30, (in thousands of U.S. dollars, unless otherwise noted) 2025 2024 2025 2024 Consolidated Revenue 27,836 7,184 41,884 15,597 Processing costs recognized in revenue — 900 — 900 Silver revenue (108) (34) (169) (71) Gold revenue 27,728 8,050 41,715 16,426 Gold ounces sold¹ 8,400 3,445 13,352 7,506 Average realized gold price ($/oz) 3,301 2,337 3,124 2,188 Lone Tree Revenue 5,822 2,682 9,785 6,985 Silver revenue (22) (9) (36) (28) Gold revenue 5,800 2,673 9,749 6,957 Gold ounces sold 1,754 1,126 3,149 3,168 Average realized gold price ($/oz) 3,307 2,374 3,096 2,196 Ruby Hill Revenue 2,288 1,214 3,678 2,126 Silver revenue (86) (25) (133) (43) Gold revenue 2,202 1,189 3,545 2,083 Gold ounces sold 665 510 1,117 954 Average realized gold price ($/oz) 3,311 2,331 3,174 2,183 Granite Creek Revenue 19,726 3,288 28,421 6,486 Processing costs recognized in revenue — 900 — 900 Gold revenue 19,726 4,188 28,421 7,386 Gold ounces sold 1 5,981 1,809 9,086 3,384 Average realized gold price ($/oz) 3,298 2,315 3,128 2,183 Note to table above: 1. Gold ounces sold include attributable gold from mineralized material sales at a payable factor of 57% in 2025 (2024 - 58%) Adjusted loss Adjusted loss and adjusted loss per share exclude a number of temporary or one-time items detailed in the following table: Three months ended June 30, Six months ended June 30, (in thousands of U.S. dollars, unless otherwise noted) 2025 2024 2025 2024 Net loss $ (30,215) $ (41,005) $ (71,420) $ (60,705) Adjust for: Gain (loss) on fair value measurement of Convertible Loans 765 3,030 (673) 9,145 Gain on fair value measurement of warrant liability 709 1,645 275 4,275 Gain (loss) on fair value measurement of Gold Prepay 8,246 (1,417) (16) (4,915) Gain (loss) on fair value measurement of Silver Purchase Agreement 229 (4,445) (7,246) (5,302) Total adjustments $ 9,949 $ (1,187) $ (7,660) $ 3,203 Adjusted loss $ (40,164) $ (39,818) $ (63,760) $ (63,908) Weighted average shares 608,167,841 361,145,495 520,243,077 333,234,688 Adjusted loss per share $ (0.07) $ (0.11) $ (0.12) $ (0.19) SOURCE i-80 Gold Corp
Yahoo
17-06-2025
- Business
- Yahoo
i-80 Gold Announces Voting Results From its 2025 Meeting of Shareholders
RENO, Nev., June 17, 2025 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80" or the "Company") is pleased to announce the results of its 2025 annual and special meeting of shareholders (the "Meeting") held on June 17, 2025. A total of 235,438,321 common shares, representing approximately 53.1% of the Company's outstanding common shares as at the April 23, 2025 record date, were voted by proxy at the Meeting. A summary of the results are as follows: 1. Number for Directors At the Meeting, shareholders approved setting the number of directors of the Company at seven. 2. Election of Directors All director nominees listed in the Company's management information circular dated April 29, 2025 were elected as directors of the Company on a vote held by ballot. Director Vote Type Number of Votes Percentage of Votes (%) Ron Clayton For 166,403,289 94.6 % Withheld 9,435,085 5.4 % Richard Young For 169,960,265 96.7 % Withheld 5,878,110 3.3 % Eva Bellissimo For 143,483,907 81.6 % Withheld 32,354,466 18.4 % John Begeman For 148,867,932 84.7 % Withheld 26,970,442 15.3 % John Seaman For 138,514,480 78.8 % Withheld 37,323,893 21.2 % Arthur Einav For 147,774,404 84.0 % Withheld 28,063,970 16.0 % Cassandra Joseph For 162,123,576 92.2 % Withheld 13,714,797 7.8 % 3. Appointment of Auditor Shareholders approved the reappointment of Grant Thornton LLP (USA), Chartered Professional Accountants as the Company's auditors and authorized the directors of the Company to fix their remuneration. 4. Advance Notice Policy Shareholders approved the Company's Advance Notice Policy outlining the procedures and requirements for nominating individual directors to the board of the Company. The voting results with respect to all matters voted upon at the Meeting will be filed on SEDAR+ at and on EDGAR at About i-80 Gold Corp. i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development plan to advance its high-quality asset portfolio. The Company is the fourth largest gold mineral resource holder in the state with a pipeline of high-grade exploration projects advancing towards feasibility and one operating project ramping-up toward steady state, all strategically located in Nevada's most prolific gold-producing trends. Leveraging its fully permitted central processing facility following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth. i-80 Gold's shares are listed on the Toronto Stock Exchange (TSX:IAU) and the NYSE American (NYSE:IAUX). For more information, visit View original content to download multimedia: SOURCE i-80 Gold Corp Sign in to access your portfolio
Yahoo
17-06-2025
- Sport
- Yahoo
Historian trying to solve mystery of old cricket club
A historian is trying to solve a mystery involving an old cricket club. Richard Young, author of "The History of Wrelton," is appealing for information about the now-defunct Wrelton Cricket Club. Advertisement The club, which folded in 1976 due to a lack of players, had once awarded the Wrelton Cup for a local second XI competition. 1920's Wrelton Cricket team (Image: Supplied) Mr Young, who has records of the club's existence dating back to 1857, is keen to discover the whereabouts of the missing trophy. Despite contacting Pickering Cricket Club, the Yorkshire Premier League, the Pickering Evening League, and the Ryedale Becket League, Mr Young has not been able to trace the cup. 1910's Wrelton Cricket club (Image: Supplied) He is now appealing for any information from the public that could help locate the missing piece of history. Anyone with relevant information is asked to get in touch.
Indianapolis Star
30-05-2025
- Politics
- Indianapolis Star
Judge pauses IU protest policy, says it likely violates First Amendment
An Indiana University policy enacted in response to pro-Palestinian protests will be paused after a federal judge ruled the policy may be violating students' First Amendment rights. IU revised its "expressive activity" policy in mid-2024 to ban overnight camping and use of structures, such as tents, without approval — hallmarks of the pro-Palestine protest movement. In response, the Indiana Chapter of the American Civil Liberties Union filed a lawsuit challenging the policy last August. In its complaint, the ACLU alleged the university policy violates the First Amendment and is overly broad. Judge Richard Young of the U.S. District Court for the Southern District of Indiana agreed and granted a preliminary injunction May 29. "The Policy likely burdens substantially more speech than necessary to further the University's interest in public safety and thus lacks narrow tailoring," the preliminary injunction reads. "The Plaintiffs are likely to succeed on the merits of their claim that the Policy violates the First Amendment." During the 2024 spring semester, protesters established an encampment in Dunn Meadow for several months. The protests drew national attention, resulted in dozens of arrests and required 'extensive repairs' of the area. Under the now-halted section of the policy, students, faculty and staff could not engage in protests and other expressive activities from 11 p.m. to 6 a.m. without permission. If violated, one could face a range of disciplinary actions, including suspension, expulsion, loss of university employment and a responsibility to pay for damages. "While IU supports everyone's right to protest, camping or using any item to create a shelter is not a permitted form of expressive activity," the university said in paid content published in the Herald-Times last fall. "This ensures campus safety and accessibility for all community members." IU did not provide a reaction to the injunction since the university does not comment on pending litigation, spokesperson Mark Bode said. The USA TODAY Network - Indiana's coverage of First Amendment issues is funded through a collaboration between the Freedom Forum and Journalism Funding Partners.
