<SEC-DOCUMENT>0000905148-25-004082.txt : 20251114
<SEC-HEADER>0000905148-25-004082.hdr.sgml : 20251114
<ACCEPTANCE-DATETIME>20251114174347
ACCESSION NUMBER:		0000905148-25-004082
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20251114
DATE AS OF CHANGE:		20251114

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			i-80 Gold Corp.
		CENTRAL INDEX KEY:			0001853962
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-93689
		FILM NUMBER:		251488468

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		150 YORK STREET, SUITE 1802
		CITY:			TORONTO
		NON US STATE TERRITORY:  	ONTARIO, CANADA
		PROVINCE COUNTRY:   	A6
		ZIP:			M5H 3S5
		BUSINESS PHONE:		1-866-525-6450

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		150 YORK STREET, SUITE 1802
		CITY:			TORONTO
		NON US STATE TERRITORY:  	ONTARIO, CANADA
		PROVINCE COUNTRY:   	A6
		ZIP:			M5H 3S5

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ORION RESOURCE PARTNERS (USA) LP
		CENTRAL INDEX KEY:			0001714217
		ORGANIZATION NAME:           	
		EIN:				861158062
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		1045 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018
		BUSINESS PHONE:		212-596-3497

	MAIL ADDRESS:	
		STREET 1:		1045 AVENUE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10018
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>SCHEDULE 13G/A</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0001714217</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>



</filerInfo>
</headerData>
<formData>
<coverPageHeader>
<amendmentNo>5</amendmentNo>
<securitiesClassTitle>Common Shares, no par value</securitiesClassTitle>
<eventDateRequiresFilingThisStatement>09/30/2025</eventDateRequiresFilingThisStatement>
<issuerInfo>
<issuerCik>0001853962</issuerCik>
<issuerName>i-80 Gold Corp.</issuerName>
<issuerCusip>44955L106</issuerCusip>
<issuerPrincipalExecutiveOfficeAddress>
<com:street1>150 York Street</com:street1>
<com:street2>Suite 1802</com:street2>
<com:city>Toronto</com:city>
<com:stateOrCountry>A6</com:stateOrCountry>
<com:zipCode>M5H 3S5</com:zipCode>
</issuerPrincipalExecutiveOfficeAddress>
</issuerInfo>
<designateRulesPursuantThisScheduleFiled>
<designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
</designateRulesPursuantThisScheduleFiled>
</coverPageHeader>
<coverPageHeaderReportingPersonDetails>

<reportingPersonName>ORION RESOURCE PARTNERS (USA) LP</reportingPersonName>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<reportingPersonBeneficiallyOwnedNumberOfShares>
<soleVotingPower>70589069</soleVotingPower>
<sharedVotingPower>0</sharedVotingPower>
<soleDispositivePower>70589069</soleDispositivePower>
<sharedDispositivePower>0</sharedDispositivePower>
</reportingPersonBeneficiallyOwnedNumberOfShares>
<reportingPersonBeneficiallyOwnedAggregateNumberOfShares>70589069</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
<aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
<classPercent>8.1</classPercent>
<typeOfReportingPerson>IA</typeOfReportingPerson>
<typeOfReportingPerson>PN</typeOfReportingPerson>
</coverPageHeaderReportingPersonDetails>
<items>
<item1>
<issuerName>i-80 Gold Corp.</issuerName>
<issuerPrincipalExecutiveOfficeAddress>150 York Street, Suite 1802, Toronto, Ontario, Canada, M5H 3S5</issuerPrincipalExecutiveOfficeAddress>
</item1>
<item2>
<filingPersonName>This Statement is filed on behalf of Orion Resource Partners (USA) LP (the "Reporting Person").  The Reporting Person serves as investment advisor to each of Orion Mine Finance Fund II, LP, a Bermuda exempted limited partnership ("Fund II"), and Orion Mine Finance Fund III LP, a limited partnership existing under the laws of the Cayman Islands ("Fund III").  Based on the relationships described herein, the Reporting Person may be deemed to have voting and investment control over the Common Shares reported herein.</filingPersonName>
<principalBusinessOfficeOrResidenceAddress>The address of the principal business office of the Reporting Person is 1045 Avenue of the Americas, New York, NY 10018.</principalBusinessOfficeOrResidenceAddress>
<citizenship>The Reporting Person is a Delaware limited partnership.</citizenship>
</item2>
<item3>
<notApplicableFlag>N</notApplicableFlag>
<typeOfPersonFiling>IA</typeOfPersonFiling>
</item3>
<item4>
<amountBeneficiallyOwned>As of September 30, 2025, the Reporting Person may be deemed the beneficial owner of 70,589,069 Common Shares.  This amount includes (i) 7,832,577 Common Shares held directly by Fund II; (ii) 9,543,974 Common Shares held directly by Fund III; and (iii) 16,808,788 Common Shares the Reporting Person has the right to acquire upon exercise of warrants ("Warrants") and 36,403,730 Common Shares the Reporting Person has the right to acquire upon conversion of $50,000,000 in principal, plus accrued interest, of a convertible loan (the "Convertible Loan"), subject to the Blocker (as defined herein). The Issuer shall not issue any Common Shares pursuant to the terms of the Warrants and Convertible Loan to the extent that any such issuance would result in the Reporting Person and its affiliates, if acting as a group and required to aggregate their beneficial ownership of Common Shares pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), owning more than 9.99% of the issued and outstanding Common Shares immediately after giving effect to such issuance, subject to a potential increase to a 19.99% cap provided that any increase will not be effective until at least 60 days after the Reporting Person delivers notice of such increase to the Issuer (the "Blocker").</amountBeneficiallyOwned>
<classPercent>As of September 30, 2025, the Reporting Person may be deemed the beneficial owner of approximately 8.1% of the Common Shares outstanding.  This percentage is based on the sum of (i) 816,574,472 Common Shares outstanding as of September 30, 2025, as reported in the Issuer's quarterly report on Form 10-Q filed with the Securities and Exchange Commission on November 12, 2025, and (ii) 53,212,518 Common Shares the Reporting Person has the right to acquire upon exercise of Warrants or conversion of the Convertible Loan, subject to the Blocker, which have been added to the total Common Shares outstanding in accordance with Rule 13d-3(d)(1)(i) under the Exchange Act.</classPercent>
<numberOfSharesPersonHas>
<solePowerOrDirectToVote>70,589,069</solePowerOrDirectToVote>
<sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
<solePowerOrDirectToDispose>70,589,069</solePowerOrDirectToDispose>
<sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
</numberOfSharesPersonHas>
</item4>
<item5>
<notApplicableFlag>Y</notApplicableFlag>
</item5>
<item6>
<notApplicableFlag>N</notApplicableFlag>
<ownershipMoreThan5PercentOnBehalfOfAnotherPerson>The responses to Items 2 and 4 are incorporated by reference herein.</ownershipMoreThan5PercentOnBehalfOfAnotherPerson>
</item6>
<item7>
<notApplicableFlag>Y</notApplicableFlag>
</item7>
<item8>
<notApplicableFlag>Y</notApplicableFlag>
</item8>
<item9>
<notApplicableFlag>Y</notApplicableFlag>
</item9>
<item10>
<notApplicableFlag>N</notApplicableFlag>
<certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
</item10>
</items>
<signatureInformation>
<reportingPersonName>ORION RESOURCE PARTNERS (USA) LP</reportingPersonName>
<signatureDetails>
<signature>/s/ Rick Gashler</signature>
<title>Rick Gashler, Chief Compliance Officer</title>
<date>11/14/2025</date>
</signatureDetails>
</signatureInformation>
</formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
