Insider Buying Spikes at i‑80 Gold Corp.
In a surge of insider activity on March 25, 2026, CEO Richard Scott, CFO Ryan Reid, COO William Paul, and EVP David Roger—all key executive figures—purchased substantial blocks of restricted or common shares. The most striking move was Scott’s acquisition of 1,000,000 shares at a price of $1.40, boosting his holdings to nearly 5 million shares and cementing a long‑term ownership stake that now exceeds 4 % of the outstanding equity. Meanwhile, the newly appointed director, Steven W. Yopps, bought 21,766 Deferred Share Units (DSUs) in a buy‑side transaction at $0.00, a move that reflects confidence in the company’s future upside while preserving his voting power until the DSUs vest in July 2026.
Why the Buy‑Side Wave Matters
Insider purchases often signal management’s belief that the market is undervaluing a firm’s fundamentals. For i‑80, the recent 14.2 % weekly gain, coupled with a 136 % year‑to‑date rally, indicates strong market traction, yet the price remains below the 52‑week high of $3.04. The DSU structure used by Yopps and others preserves liquidity while aligning long‑term incentives with shareholder value, suggesting that executives view the upcoming development milestones—particularly the launch of the Archimedes underground mine and the refurbishment of the Lone Tree plant—as catalysts for a sustained upside.
Implications for Investors
The coordinated buying spree, especially at a time when the stock is trading near its 52‑week low of $0.67, may be interpreted as a bullish endorsement of i‑80’s 2025‑2030 production trajectory. The company’s $500 million financing package and the projected 150,000‑200,000 ounces per year output by the early 2030s create a compelling narrative for long‑term value creation. However, the negative price‑earnings ratio (-4.22) and the high level of restricted shares still under lock‑up could limit short‑term liquidity for shareholders. Investors should weigh the upside potential against the risks of a junior miner’s execution timeline and the ongoing need for additional capital.
Outlook for the Gold Producer
With gold demand projected to grow and junior miners increasingly attracting financing, i‑80 Gold Corp. sits in a favorable position to capitalize on these macro trends. The insider buying spree underscores management’s confidence, but the true test will be the company’s ability to translate development progress into sustained cash flow. For the time being, the market appears ready to reward disciplined execution, and the insider activity could act as a catalyst for further upside in the near future.
| Date | Owner | Transaction Type | Shares | Price per Share | Security |
|---|---|---|---|---|---|
| 2026-03-25 | Yopps Steven W. () | Buy | 21,766.00 | N/A | Deferred Share Units |
| 2026-03-25 | Butler Ronald Jr () | Buy | 21,766.00 | N/A | Deferred Share Units |
| 2026-03-25 | Jalonen Michael () | Buy | 21,766.00 | N/A | Deferred Share Units |
| 2026-03-25 | Einav Arthur () | Buy | 10,185.00 | N/A | Deferred Share Units |
| 2026-03-25 | Joseph Cassandra Pulskamp () | Buy | 68,803.00 | N/A | Deferred Share Units |
| 2026-03-25 | Chawrun William Paul (Chief Operating Officer) | Buy | 280,000.00 | N/A | Restricted Share Units |
| 2026-03-25 | Savarie David Roger (EVP, General Counsel) | Buy | 6,500.00 | 1.40 | Common Shares |
| N/A | Savarie David Roger (EVP, General Counsel) | Holding | 31,250.00 | N/A | Common Shares |
| 2026-03-25 | Savarie David Roger (EVP, General Counsel) | Buy | 183,334.00 | N/A | Restricted Share Units |
| 2026-03-25 | Snow Ryan Reid (Chief Financial Officer) | Buy | 197,778.00 | N/A | Restricted Share Units |
| 2026-03-25 | Young Richard Scott (President and CEO) | Buy | 1,000,000.00 | 1.40 | Common Shares |
| N/A | Young Richard Scott (President and CEO) | Holding | 366,000.00 | N/A | Common Shares |
| 2026-03-25 | Young Richard Scott (President and CEO) | Buy | 407,408.00 | N/A | Restricted Share Units |




