i-80 Gold Corp (IAU) AI Stock Analysis

• Market Cap: C$714.01M
• Dividend Yield: N/A
• Average Volume (3M): 765.51K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.57
• Revenue Growth: -1.62%
• EPS Growth: -58.16%
• Country: CA
• Employees: 109
• Sector: Basic Materials
• Sector Strength: 67
• Industry: Gold
• EPS (TTM): -0.10
• Shares Outstanding: 788,120,900
• 10 Day Avg. Volume: 717,002
• 30 Day Avg. Volume: 765,506
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.06
• Enterprise Value/Revenue: 0.21
• Enterprise Value/Gross Profit: -2.30
• Enterprise Value/Ebitda: -0.13
• 1Y Price Target: C$1.67
• Price Target Upside: 83.52% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 59 Neutral
• Price Target: C$1.00 ▲(9.89%Upside)

i-80 Gold Corp's overall stock score reflects significant challenges in financial performance, particularly in profitability and cash flow. However, technical analysis shows short-term bullish momentum, and recent earnings calls and corporate events indicate strategic advancements and investor confidence. The combination of these factors results in a moderate overall stock score.

Positive Factors

Leadership Expertise

Richard Young brings extensive financial, development, and operational expertise to i-80.

Recapitalization Plan

Management has initiated a two-phase recapitalization plan to generate free cash flow and reschedule or refinance existing debt obligations.

Negative Factors

Asset Value

The company's NAV has decreased by 30% to $2.16/sh, indicating a significant drop in asset value.

Equity Dilution

The company is expected to face significant equity dilution given the share price level.

Funding Requirements

The biggest risk to this new plan is the outside capital required over the next 12 months, with $300m needed to support ongoing and planned development activities as well as service debt obligations through 2027.

i-80 Gold Corp Business Overview & Revenue Model

Company Description

i-80 Gold Corp (IAU) is a mining company focused on the exploration, development, and production of gold and other precious metals. The company operates primarily in the state of Nevada, USA, which is a prolific region for gold mining. i-80 Gold Corp aims to build a mid-tier gold producer through the development of its existing assets and strategic acquisitions. Their core operations include the exploration and advancement of high-quality mineral projects with the potential for significant gold production.

How the Company Makes Money

i-80 Gold Corp generates revenue through the extraction and sale of gold and other precious metals mined from their operations in Nevada. The company's revenue model is primarily based on gold production, which involves extracting ore, processing it to recover the gold, and then selling the refined gold to various buyers, including refineries, bullion dealers, and financial institutions. Additional revenue can be sourced from the sale of by-products such as silver that are extracted during the gold mining process. The company's earnings are influenced by factors such as gold prices, production costs, and the successful exploration and development of its mining assets. Strategic partnerships and joint ventures may also contribute to its financial performance by leveraging shared resources and expertise to optimize mining operations.

i-80 Gold Corp Financial Statement Overview

Summary

i-80 Gold Corp demonstrates modest revenue growth, yet faces substantial operational challenges reflected in negative profitability metrics. The balance sheet shows a reasonable equity position but is burdened by moderate leverage. Cash flow metrics highlight significant cash burn, underscoring the need for improved operational efficiency and financial management.

Income Statement

The company's income statement shows consistent revenue generation in the recent period with a TTM revenue of $55.97 million, slightly higher compared to the previous annual figures. However, profitability remains a significant concern with negative gross profit margins and worsening net profit margins, indicating high operational costs and inefficiencies. The EBIT and EBITDA margins are significantly negative, reflecting ongoing operational challenges. Overall, weak profitability metrics overshadow modest revenue growth, resulting in a low score.

Balance Sheet

The balance sheet reveals a stable asset base with total assets at $658.97 million, but there is notable financial leverage with a debt-to-equity ratio of 0.62, which is moderate for the industry. The equity ratio stands at 48.23%, indicating a decent proportion of assets financed by equity. However, the return on equity is negative due to net losses, which is concerning for investors. The company maintains a moderate level of cash reserves, but high debt levels pose potential risks. Overall, the balance sheet reflects medium stability with moderate leverage.

Cash Flow

Cash flow analysis indicates ongoing cash flow challenges, with negative operating cash flow of $82.48 million and a negative free cash flow. The operating cash flow to net income ratio is negative, reflecting significant cash burn relative to net losses. The free cash flow to net income ratio is also unfavorable. While financing activities have provided some cash inflow, these are not sustainable long-term solutions. Overall, the cash flow position is weak, with insufficient cash generation to cover operational and capital requirements.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
55.97M	50.34M	54.91M	36.96M	0.00	0.00
	Gross Profit
-19.36M	-15.72M	-5.14M	3.57M	-662.00K	-296.00K
	EBIT
-92.97M	-89.09M	-100.95M	-61.86M	111.03M	-6.23M
	EBITDA
-111.34M	-85.27M	-57.82M	-61.82M	97.65M	-6.33M
	Net Income Common Stockholders
-147.02M	-120.03M	-89.65M	-79.20M	88.22M	-2.92M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
13.47M	19.00M	16.28M	48.28M	87.66M	―
	Total Assets
658.97M	655.63M	723.69M	641.96M	656.35M	―
	Total Debt
197.47M	191.40M	180.27M	115.88M	41.44M	70.60M
	Net Debt
184.00M	172.40M	164.00M	67.60M	-46.22M	70.60M
	Total Liabilities
341.01M	314.96M	297.43M	308.55M	249.37M	159.77M
	Stockholders Equity
317.96M	340.66M	426.26M	333.41M	406.98M	―
Cash Flow		Free Cash Flow
-81.71M	-84.52M	-94.13M	-96.06M	-19.02M	-3.13M
	Operating Cash Flow
-82.48M	-82.50M	-54.62M	-45.84M	-13.01M	4.87M
	Investing Cash Flow
-4.26M	-1.59M	-42.51M	-54.73M	-137.59M	-9.87M
	Financing Cash Flow
83.72M	82.67M	65.16M	61.43M	222.90M	-6.55M

i-80 Gold Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.91
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:IAU, the sentiment is Positive. The current price of 0.91 is above the 20-day moving average (MA) of 0.79, above the 50-day MA of 0.80, and below the 200-day MA of 1.01, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 64.43 is Neutral, neither overbought nor oversold. The STOCH value of 81.86 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:IAU.

i-80 Gold Corp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MKO	76 Outperform	C$423.04M	11.93	39.70%	―	56.13%	98.44%
ELE	72 Outperform	C$385.85M	64.08	2.36%	―	109.11%	―
ODV	61 Neutral	C$416.79M	―	-20.94%	―	-90.67%	42.62%
IAU	59 Neutral	C$714.01M	―	-38.15%	―	-1.62%	-58.16%
Sector *	51 Neutral	$2.03B	-1.27	-21.09%	3.98%	2.91%	-30.50%
NFG	43 Neutral	$417.58M	―	-75.61%	―	―	41.94%

i-80 Gold Corp Corporate Events

i-80 Gold Corp. Secures US$11 Million in Private Placement to Fuel Nevada Expansion

i-80 Gold Corp. has successfully closed a private placement, raising US$11.12 million through the sale of 22,240,000 units. The funds, part of a larger US$184 million financing effort, will support the company’s development plans in Nevada. The participation of company insiders in this placement underscores confidence in i-80 Gold’s strategic direction and growth potential.

The most recent analyst rating on (TSE:IAU) stock is a Buy with a C$1.75 price target. To see the full list of analyst forecasts on i-80 Gold Corp stock, see the TSE:IAU Stock Forecast page.

i-80 Gold Corp. Upsizes Bought Deal Offering Amid Strong Demand

i-80 Gold Corp. has increased the size of its previously announced bought deal financing due to excess demand, now issuing 320 million units at $0.50 each, raising $160 million in gross proceeds. This move underscores the company’s strong market position and investor confidence, as it continues to advance its strategic projects in Nevada, with the offering expected to close by May 16, 2025, pending regulatory approvals.

i-80 Gold Corp. Announces $135 Million Public Offering to Support Growth

i-80 Gold Corp. has announced a US$135 million bought deal public offering of units, with National Bank Financial Inc. and Cormark Securities Inc. acting as co-bookrunners. The proceeds from this offering, which includes an option for underwriters to purchase additional units, will be used to support the company’s growth expenditures in Nevada and general corporate purposes. This strategic move is expected to bolster i-80 Gold’s development plans and strengthen its position in the gold mining industry, subject to necessary regulatory approvals.

i-80 Gold Corp Reports Q1 2025 Results, Advances Recapitalization Strategy

i-80 Gold Corp reported its financial and operational results for the first quarter of 2025, highlighting significant progress in its Granite Creek Underground project, where improvements in dewatering efforts are expected to stabilize gold output by the second half of the year. The company is actively pursuing various financing options to support its recapitalization strategy, which aims to unlock the potential of its gold projects. Despite a net loss of $0.10 per share due to revaluation losses, i-80 Gold increased its revenue to $14 million, driven by higher gold sales and prices. The company is advancing its development plan with preliminary economic assessments for its projects, and has secured a $12 million working capital facility to enhance financial flexibility.

i-80 Gold Corp Advances Gold Projects Amid Financial Challenges

i-80 Gold Corp reported its first quarter 2025 financial results, highlighting progress in its Granite Creek Underground project with improved dewatering efforts and infrastructure upgrades. The company is actively pursuing financing options to support its recapitalization strategy, aiming to unlock the potential of its gold projects. Despite a quarterly loss, i-80 Gold increased revenue due to higher gold sales and prices, and continued to advance its development plan with preliminary economic assessments for its assets. The company also secured a working capital facility to enhance financial flexibility.

i-80 Gold Corp. Appoints New COO to Drive Growth

i-80 Gold Corp. has appointed Paul Chawrun as the new Chief Operating Officer, effective April 30, 2025. Chawrun brings over 30 years of experience in gold mining, having previously served in leadership roles at Centerra Gold and Teranga Gold. His expertise is expected to be instrumental in advancing i-80 Gold’s development plan, which aims to transform the company into a mid-tier gold producer. This strategic appointment comes at a pivotal time as the company seeks to leverage its high-grade resources and expand its operations in Nevada, potentially impacting its market positioning and growth trajectory.

i-80 Gold Corp. Announces Executive Transition as COO Steps Down

i-80 Gold Corp. announced that Matthew Gili, the President and Chief Operating Officer, will be stepping down from his role, with CEO Richard Young assuming the President position temporarily. Gili, who has been instrumental since the company’s inception in 2021, contributed significantly to advancing the company’s projects, including the Granite Creek Underground project. The company has initiated a search for a new COO to continue its growth trajectory and maintain its development timelines, ensuring the transition does not disrupt its strategic objectives.

i-80 Gold Corp. Files Technical Reports for Key Nevada Projects

i-80 Gold Corp. has filed independent technical reports for its Cove, Ruby Hill, Granite Creek, and Lone Tree projects in Nevada. These reports, prepared in accordance with industry standards, support the company’s disclosures and highlight the economic potential of its mineral resources, reinforcing its strategic position in the gold mining industry.

i-80 Gold Corp Reports 2024 Results and Strategic Developments

i-80 Gold Corp reported its financial and operational results for the fourth quarter and full year of 2024, highlighting a strategic shift with a new development plan and recapitalization initiatives. The company aims to ramp up its Granite Creek Underground Project and strengthen its balance sheet to support growth. Despite lower revenue due to decreased sales volumes, the company has initiated a recapitalization plan and updated Preliminary Economic Assessments for its projects, positioning itself for future growth and improved economic outcomes.

i-80 Gold Corp. Updates Reporting Schedule for 2024

i-80 Gold Corp. has announced an updated schedule for filing its technical reports and financial results for Q4 and the full year 2024. The company will file eight technical reports, including those for its Lone Tree property, on March 31, 2025, in compliance with relevant regulations. Additionally, as a new US domestic issuer, i-80 Gold will transition from IFRS to US GAAP and file its Form 10-K on the same date. A conference call and webcast to discuss the financial results will be held on April 1, 2025. This announcement underscores i-80 Gold’s commitment to transparency and regulatory compliance as it continues to develop its gold projects in Nevada.

i-80 Gold Corp. Secures Key Processing Agreements to Boost Operations

i-80 Gold Corp. has finalized two third-party processing agreements for toll milling and ore sales of refractory and oxide material, effective until December 31, 2027. These agreements are crucial for advancing the development of two of the company’s underground gold mines and the refurbishment of its Lone Tree autoclave facility, which is expected to become the central processing hub for its mining operations. The completion of these agreements supports i-80 Gold’s strategic growth and operational efficiency in the competitive Nevada gold mining industry.