i-80 Gold Uses Dual Gold Price Assumptions in Project Valuations

i-80 Gold Corp. (NYSE American: IAUX | TSX: IAU) recently reported its second-quarter 2026 results, which included a corporate presentation with two different gold price assumptions.

The company used a $2,175 per ounce assumption for project valuations, with sensitivities reaching up to $3,000. However, it forecasted cash flow from operations at $3,600 per ounce, in line with current long-term consensus prices.

This discrepancy is not contradictory, but rather functional. The higher price assumption drives the anticipated annual gold output profile and the projected 600,000-ounce-per-year target through the early 2030s. In contrast, the lower assumption drives the net present value (NPV5%) and internal rate of return (IRR) for individual projects.

The company's combined project net present value sits on the lower assumption, not the higher one. The $4.9 billion portfolio value is based on a price that i-80 Gold no longer considers consensus. This difference in document status rather than intent explains the discrepancy.