i-80 Gold slides after unveiling $200 million convertible bonds offering

i-80 Gold

18/03/2026 12:05

** Nevada-focused mining company i-80 Gold's IAUX.A shares slide 14.2% to $1.39 premarket

** IAUX unveils offering of $200 million unsecured convertible bonds due 2031

** 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

** Earlier this week, IAUX closed royalty financing with Franco-Nevada and retired certain legacy debt obligations

** IAUX has 841 million outstanding shares with a $1.37 billion market cap - data compiled by LSEG

** As of last close, IAUX stock up 11% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

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