i-80 Gold closes $250 million royalty financing with Franco-Nevada and retires legacy debt

i-80 Gold Corp. successfully closed a $250 million royalty financing agreement with Franco-Nevada Corporation. This financing enabled i-80 Gold to retire certain legacy debt obligations, strengthening its financial position. The deal provides i-80 Gold with significant capital to advance its mining projects, primarily located in Nevada. This strategic transaction underscores Franco-Nevada's continued investment in the mining sector and i-80 Gold's efforts to optimize its capital structure.

Counterparts (2)

borrower

i-80 Gold Corp.

company

Toronto-based gold producer and developer focused on advancing multiple gold mining complexes in Nevada, USA. Operates and develops projects including Ruby Hill, Granite Creek, and McCoy-Cove, with a goal of achieving mid-tier producer status.

Lender

Franco-Nevada Corporation

company

Franco-Nevada Corporation is a Toronto-based gold-focused royalty and streaming company with a diversified portfolio of precious metals, other minerals, and oil & gas assets. It holds interests in over 400 assets globally, generating revenue from production without direct operating costs or capital expenditures.