i-80 Gold falls after upsized $250 million convertible bonds sale

i-80 Gold

19/03/2026 11:16

** Nevada-focused mining company i-80 Gold's IAUX.A shares fall 3.6% to $1.35 premarket

** IAUX announces pricing of upsized offering of $250 million unsecured convertible bonds due 2031

** Stock slipped 13.6% on Wednesday after IAUX kicked off the convertible bonds offering

** Initial conversion price of $1.93 per share represents roughly 37.5% premium to the last close

** Proceeds will be used to fund IAUX's five gold projects, resource expansion, infill drilling and refurbishing the Lone Tree processing plant, among other purposes

** IAUX has 841 million outstanding shares with a $1.13 billion market cap - data compiled by LSEG

** As of last close, IAUX stock down 4% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))