i-80 Gold Corp. (IAUX) Reports Q2 2025 Results; Scotiabank Reiterates 'Buy' Rating

i-80 Gold Corp. (NYSE:IAUX) is one of the 11 Best Gold Penny Stocks to Buy According to Hedge Funds (and Precious Metals Stocks).

On August 13, 2025, i-80 Gold Corp. (NYSE:IAUX) reported its Q2 2025 results. The company’s revenue increased from $7.2 million a year earlier to $27.8 million, thanks to gold sales doubling to 8,400 ounces at a record $3,301 per ounce. Meanwhile, loss per share improved from $0.11 to $0.05, driven by a $13.1 million gross profit boost.

During the quarter, i-80 Gold Corp. (NYSE:IAUX) progressed with several projects. The company conducted drilling between existing drill holes at Granite Creek and Mineral Point. They also moved forward in getting permits for their Archimedes and Cove projects. IAUX also plans to complete the feasibility of Lone Tree’s autoclave upgrade by the fourth quarter of 2025. At the same time, $185.5 million has been raised since May to finance its three-phase growth plan.

Ahead of its Q2 2025 results, Scotiabank reiterated its ‘Buy’ rating on i-80 Gold Corp. (NYSE:IAUX) with a $1.45 price target, citing strong fundamentals.

i-80 Gold Corp. (NYSE:IAUX), a Nevada-based mining company, is advancing multiple gold projects toward production. It is included in our list of the Best Penny Stocks.

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