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i-80 Gold Corp (TSE:IAU)
TSX:IAU
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Earnings Data
Report Date
Mar 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.01Last Year’s EPS
-0.1Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 11, 2021
|% Change Since: -34.92%
|Next Earnings Date:May 11, 2021
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook with a strong new development plan and promising ore reconciliation results. However, the company faces significant financial challenges, including balance sheet constraints and operational issues at Granite Creek. While the strategic plan is ambitious and positions the company for future growth, immediate financial and operational hurdles present substantial risks.Company Guidance
During the i-80 Gold Corp. earnings call for Q3 2024, the executives provided comprehensive guidance on the company's strategic direction and financial outlook. They outlined a new development plan to transform i-80 Gold into a mid-tier gold producer, targeting annual production of 400,000 to 500,000 ounces by the early 2030s. The plan includes ramping up and developing five gold projects, with a focus on near-term cash flow generation. The projects include three underground mines and two large oxide open-pit deposits, emphasizing low capital intensity and leveraging existing infrastructure. Financially, i-80 Gold is engaged in a two-step recapitalization process to align debt obligations with cash flow capabilities, with the goal of completing this process by Q1 2025. The third quarter saw revenues of $11.5 million, with gold sales totaling 3,063 ounces at an average realized price of $2,422 per ounce. The company recorded a loss per share of $0.10, attributed to derivative losses and increased costs. i-80 Gold ended the quarter with $21.8 million in cash, down $26 million from the previous quarter, and is actively managing its capital requirements to support its development strategy.New Development Plan
The company introduced a new development plan focused on ramping up, permitting, and developing five gold deposits, including three underground mines and two large oxide open pit deposits. This is expected to transform the company into a mid-tier gold producer by the early 2030s.
Positive Ore Control Reconciliation
At Granite Creek, the ore control reconciliation showed positive results with more tons (+40%), better grade (+37%), and more ounces (+90%) than initially planned.
Potential of Mineral Point
Mineral Point is anticipated to become a flagship mine with a large gold and silver resource and has the potential for multi-hundred thousand ounce production at solid costs.
Organizational Strengthening
The company has promoted four senior technical personnel and hired four new senior positions to support the new development plan and reduce execution risk.
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TSE:IAU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:IAU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | C$1.26 | C$0.53 | -57.94% |
| Aug 12, 2024 | C$1.26 | C$1.25 | -0.79% |
| May 13, 2024 | C$1.58 | C$1.66 | +5.06% |
| Mar 12, 2024 | C$2.08 | C$2.17 | +4.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does i-80 Gold Corp (TSE:IAU) report earnings?
i-80 Gold Corp (TSE:IAU) is schdueled to report earning on Mar 18, 2025, TBA Not Confirmed.
What is i-80 Gold Corp (TSE:IAU) earnings time?
i-80 Gold Corp (TSE:IAU) earnings time is at Mar 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:IAU EPS forecast?
TSE:IAU EPS forecast for the fiscal quarter 2024 (Q4) is -0.01.
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