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i - 80 GOLD CORP www.i80gold.com i - 80 Gold Reports 2021 Q3 Results ● 1.866.525.6450 5190 Neil Road , Suite 460 Reno , Nevada 89502 Reno Nevada , November 9 , 2021- i - 80 GOLD CORP . ( TSX : IAU ) ( IAUCF : OTC ) ( " i - 80 " , or the " Company " ) is pleased to report its unaudited operating and financial results for the three and nine months ended September 30 , 2021. i - 80's unaudited condensed interim consolidated financial statements ( " financial statements " ) , as well as i - 80's management discussion and analysis ( " MD & A " ) for the three and nine months ended September 30 , 2021 , are available on the Company's website at www.i80gold.com and on SEDAR at www.sedar.com 2021 Third Quarter Highlights Announced Acquisition of the Ruby Hill Mine and the asset swap for the Lone Tree Complex Gold production of 3,254 ounces , year - to - date production of 14,330 ounces Gold sales of 4,575 ounces , year - to - date sales of 17,848 ounces Total revenue of $ 8.2 million , $ 32.0 million year - to - date Mine operating income of $ 3.3 million for the quarter , and $ 13.1 million year - to - date Net loss of $ 9.3 million for the quarter , and $ 13.6 million year - to - date Adjusted loss for the quarter of $ 10.7 million and adjusted income of $ 19.5 million year - to - date from continuing operations Period - end cash and cash equivalents balance of $ 51.6 million " With the announcement of the Lone Tree and Ruby Hill transactions , we have leveraged our non - operating interest in South Arturo to provide the company with a foundation to become a mid - tier , stand alone , producer in the state of Nevada " , stated Ewan Downie , Chief Executive Officer of i - 80 . " The recently acquired properties will provide near - term production to replace South Arturo " . Three months ended September 30 , 2021 South Arturo was included in the Q3 results as a discontinued operation and held for sale and was disposed of in the fourth quarter . The Company is in the progress of valuing the asset swap and completing the corresponding accounting . A total of 3,254 ounces of gold were produced during Q3 2021 from South Arturo . The Company reported total revenue of $ 8.2 million and a mine operating income of $ 3.3 million during the third quarter compared to revenue of $ 9.3 million and mine operating income of $ 3.8 million during Q3 2020 . Total mine operating income of $ 3.3 million for Q3 2021 compared to income of $ 3.8 in Q3 2020 illustrates the consistent nature South Arturo . A total of $ 3.7 million in exploration and pre - development expenses were incurred during the quarter . Nine months ended September 30 , 2021 A total of 14,330 ounces of gold were produced for the nine months ended September 30 , 2021 , compared to 18,589 ounces of gold for the prior year period .