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.

DateOwnerTransaction TypeSharesPrice per ShareSecurity
2026-03-25Yopps Steven W. ()Buy21,766.00N/ADeferred Share Units
2026-03-25Butler Ronald Jr ()Buy21,766.00N/ADeferred Share Units
2026-03-25Jalonen Michael ()Buy21,766.00N/ADeferred Share Units
2026-03-25Einav Arthur ()Buy10,185.00N/ADeferred Share Units
2026-03-25Joseph Cassandra Pulskamp ()Buy68,803.00N/ADeferred Share Units
2026-03-25Chawrun William Paul (Chief Operating Officer)Buy280,000.00N/ARestricted Share Units
2026-03-25Savarie David Roger (EVP, General Counsel)Buy6,500.001.40Common Shares
N/ASavarie David Roger (EVP, General Counsel)Holding31,250.00N/ACommon Shares
2026-03-25Savarie David Roger (EVP, General Counsel)Buy183,334.00N/ARestricted Share Units
2026-03-25Snow Ryan Reid (Chief Financial Officer)Buy197,778.00N/ARestricted Share Units
2026-03-25Young Richard Scott (President and CEO)Buy1,000,000.001.40Common Shares
N/AYoung Richard Scott (President and CEO)Holding366,000.00N/ACommon Shares
2026-03-25Young Richard Scott (President and CEO)Buy407,408.00N/ARestricted Share Units