i-80 Gold slides after unveiling $200 million convertible bonds offering

Nevada-focused mining company i-80 Gold's IAUX.A shares slide 14.2% to $1.39 premarket

IAUX unveils offering of $200 million unsecured convertible bonds due 2031

Proceeds will be used to fund IAUX's five gold projects, resource expansion, infill drilling and refurbishing the Lone Tree processing plant, among other purposes

Earlier this week, IAUX closed royalty financing with Franco-Nevada and retired certain legacy debt obligations

IAUX has 841 million outstanding shares with a $1.37 billion market cap - data compiled by LSEG

As of last close, IAUX stock up 11% YTD