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i-80 Gold Corp (TSE:IAU)
TSX:IAU

i-80 Gold Corp (IAU) AI Stock Analysis

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i-80 Gold Corp

(TSX:IAU)

Rating:59Neutral
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 (IAU) vs. iShares MSCI Canada ETF (EWC)

i-80 Gold Corp Business Overview & Revenue Model

Company Descriptioni-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 Moneyi-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 Earnings Call Summary

Earnings Call Date:May 05, 2025
(Q1-2025)
|
% Change Since: 13.75%|
Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a strategic advancement in i-80 Gold Corp's development plans with significant financial and operational milestones achieved. However, financial constraints and a net loss were also highlighted, balancing the positive outlook with present challenges.
Q1-2025 Updates
Positive Updates
Recapitalization and Improved Cash Position
Completed a working capital facility with Auramet, increasing the cash balance from $13 million to approximately $25 million. Engaged in discussions for a senior debt facility and other financing options to support the development plan.
Positive Technical Studies
Filed technical studies highlighting the operating and financial potential of assets, with a development path towards producing 0.5 million ounces of gold by the early 2030s.
Increased Gold Sales and Revenue
Gold sales totaled approximately 5,000 ounces, with revenue from gold sales increasing to approximately $14 million for the quarter.
Advancement of Granite Creek and Archimedes Projects
Improved mining rates and development at Granite Creek, and commenced construction activities for the Archimedes Underground project, expected to contribute to production by end of 2026 or early 2027.
Negative Updates
Net Loss Recorded
The quarter concluded in a net loss position due to non-cash losses from revaluing the gold prepay and silver purchase agreements.
Operational and Balance Sheet Constraints
Share price not reflecting the new development plan and ongoing balance sheet constraints impacting the execution of business strategies.
Company Guidance
In the recent i-80 Gold Corp. Q1 2025 Financial and Operating Results Conference Call, the company outlined a comprehensive guidance for its growth and development strategy. The company aims to position itself as a mid-tier gold producer with a target to produce 0.5 million ounces of gold by the early 2030s. This goal is supported by recently released technical studies revealing a combined net present value of $1.6 billion at a gold price of $2,175 per ounce, and $4.5 billion at $2,900 per ounce. The company is actively pursuing a recapitalization plan, including a senior debt facility, non-core asset sales, and royalty sales, to raise capital. i-80 Gold finished Q1 with $13 million in cash, which increased to approximately $25 million after completing a working capital facility with Auramet. The production outlook for 2025 includes extracting between 30,000 to 40,000 ounces of gold, with 20,000 to 30,000 ounces from Granite Creek Underground and approximately 10,000 ounces from Ruby Hill and Lone Tree operations. The company also plans to spend between $40 million and $50 million on growth expenditures, focusing on permitting, feasibility studies, and development work.

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
30
Negative
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
45
Neutral
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
35
Negative
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
TTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income StatementTotal Revenue
55.97M50.34M54.91M36.96M0.000.00
Gross Profit
-19.36M-15.72M-5.14M3.57M-662.00K-296.00K
EBIT
-92.97M-89.09M-100.95M-61.86M111.03M-6.23M
EBITDA
-111.34M-85.27M-57.82M-61.82M97.65M-6.33M
Net Income Common Stockholders
-147.02M-120.03M-89.65M-79.20M88.22M-2.92M
Balance SheetCash, Cash Equivalents and Short-Term Investments
13.47M19.00M16.28M48.28M87.66M
Total Assets
658.97M655.63M723.69M641.96M656.35M
Total Debt
197.47M191.40M180.27M115.88M41.44M70.60M
Net Debt
184.00M172.40M164.00M67.60M-46.22M70.60M
Total Liabilities
341.01M314.96M297.43M308.55M249.37M159.77M
Stockholders Equity
317.96M340.66M426.26M333.41M406.98M
Cash FlowFree 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-13.01M4.87M
Investing Cash Flow
-4.26M-1.59M-42.51M-54.73M-137.59M-9.87M
Financing Cash Flow
83.72M82.67M65.16M61.43M222.90M-6.55M

i-80 Gold Corp Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.91
Price Trends
50DMA
0.80
Positive
100DMA
0.87
Positive
200DMA
1.01
Negative
Market Momentum
MACD
0.03
Negative
RSI
64.43
Neutral
STOCH
81.86
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

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
TSMKO
76
Outperform
C$423.04M11.9339.70%56.13%98.44%
TSELE
72
Outperform
C$385.85M64.082.36%109.11%
TSODV
61
Neutral
C$416.79M-20.94%-90.67%42.62%
TSIAU
59
Neutral
C$714.01M-38.15%-1.62%-58.16%
51
Neutral
$2.03B-1.27-21.09%3.98%2.91%-30.50%
TSNFG
43
Neutral
$417.58M-75.61%41.94%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:IAU
i-80 Gold Corp
0.91
-0.52
-36.36%
TSE:ODV
Osisko Development
3.05
0.31
11.31%
TSE:ELE
Elemental Royalties
1.57
0.48
44.04%
TSE:MKO
Mako Mining Corp
5.30
2.01
61.09%
TSE:NFG
New Found Gold
2.08
-2.28
-52.29%

i-80 Gold Corp Corporate Events

Private Placements and FinancingBusiness Operations and Strategy
i-80 Gold Corp. Secures US$11 Million in Private Placement to Fuel Nevada Expansion
Positive
May 26, 2025

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.

Private Placements and FinancingBusiness Operations and Strategy
i-80 Gold Corp. Upsizes Bought Deal Offering Amid Strong Demand
Positive
May 9, 2025

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.

Private Placements and FinancingBusiness Operations and Strategy
i-80 Gold Corp. Announces $135 Million Public Offering to Support Growth
Positive
May 9, 2025

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.

Private Placements and FinancingBusiness Operations and StrategyFinancial Disclosures
i-80 Gold Corp Reports Q1 2025 Results, Advances Recapitalization Strategy
Neutral
May 5, 2025

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.

Private Placements and FinancingBusiness Operations and StrategyFinancial Disclosures
i-80 Gold Corp Advances Gold Projects Amid Financial Challenges
Neutral
May 5, 2025

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.

Executive/Board ChangesBusiness Operations and Strategy
i-80 Gold Corp. Appoints New COO to Drive Growth
Positive
Apr 24, 2025

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.

Executive/Board ChangesBusiness Operations and Strategy
i-80 Gold Corp. Announces Executive Transition as COO Steps Down
Neutral
Apr 11, 2025

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.

Business Operations and StrategyRegulatory Filings and Compliance
i-80 Gold Corp. Files Technical Reports for Key Nevada Projects
Positive
Apr 1, 2025

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.

Business Operations and StrategyFinancial Disclosures
i-80 Gold Corp Reports 2024 Results and Strategic Developments
Neutral
Apr 1, 2025

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.

Financial DisclosuresRegulatory Filings and Compliance
i-80 Gold Corp. Updates Reporting Schedule for 2024
Neutral
Mar 26, 2025

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.

Business Operations and Strategy
i-80 Gold Corp. Secures Key Processing Agreements to Boost Operations
Positive
Mar 19, 2025

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.