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CEO Buys 1M Shares: i-80 Gold CEO's Major Stake Increase
22 Aug
Summary
- CEO purchased one million shares, increasing his holdings by 20%.
- i-80 Gold stock generated 123% return year-to-date.
- The company has $1.5B market cap and $130M revenue.
On August 18, 2026, i-80 Gold Corp. President and CEO Richard Scott Young acquired 1,000,000 shares of the company's stock, a transaction valued at approximately $1.62 per share. This substantial purchase elevated his direct equity holdings by 20% and his total beneficial ownership by 19%.
The stock performance leading up to this investment was robust. Shares of i-80 Gold had appreciated by 123% in the year preceding the transaction. As of August 19, 2026, the stock closed at $1.73.
Despite recent net losses of $258.6 million on $130.0 million in revenue over the trailing twelve months, i-80 Gold Corp. maintains a market capitalization of $1.5 billion. The Reno-based company is focused on gold and silver deposits in Nevada, holding significant properties like Lone Tree and McCoy-Cove.
