i-80 Gold Corp (IAU) AI Stock Analysis

• Market Cap: C$701.07M
• Dividend Yield: N/A
• Average Volume (3M): 542.58K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.68
• Revenue Growth: -1.62%
• EPS Growth: -58.16%
• Country: CA
• Employees: 109
• Sector: Basic Materials
• Sector Strength: 73
• Industry: Gold
• EPS (TTM): -0.14
• Shares Outstanding: 811,358,800
• 10 Day Avg. Volume: 527,598
• 30 Day Avg. Volume: 542,576
• PEG Ratio: 0.12
• Price to Book (P/B): 0.85
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -6.03
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 3.17
• Enterprise Value/Gross Profit: -34.97
• Enterprise Value/Ebitda: -1.97
• 1Y Price Target: C$1.75
• Price Target Upside: 98.86% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 51 Neutral
• Price Target: C$1.00 ▲(13.64%Upside)

i-80 Gold Corp's overall score reflects the challenges in financial performance, with ongoing operational and cash flow issues being the most significant concerns. The company's technical analysis shows potential short-term momentum, and strategic corporate events provide some optimism. However, the valuation and financial constraints highlighted in the earnings call still pose significant risks.

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., a mining company, engages in the exploration, development, and production of gold and silver mineral deposits in the United States. It holds a 100% interest in the Lone Tree property covering an area of approximately 12,000 acres located in Battle Mountain-Eureka, Northern Nevada; Ruby Hill property located in Battle Mountain Trend, Northern Nevada; McCoy-Cove project covering 31,000 acres located in Battle Mountain Trend, Nevada; and Buffalo Mountain property located in Battle Mountain Trend, Northern Nevada as well as controls Granite Creek Project located in Getchell Trend, Northern Nevada. The company was incorporated in 2020 and is headquartered in Reno, Nevada.

How the Company Makes Money

i-80 Gold Corp generates revenue through the extraction and sale of gold and other precious metals from its mining operations. The company's primary revenue stream comes from selling the gold it produces to various buyers, including refineries and other entities in the precious metals market. Additionally, the company may engage in strategic partnerships and joint ventures to optimize its mining operations and expand its resource base, which can contribute to its earnings. The ability to effectively manage production costs and increase mineral reserves are significant factors influencing the company's profitability.

i-80 Gold Corp Financial Statement Overview

Summary

i-80 Gold Corp shows modest revenue growth but faces substantial operational challenges. Profitability metrics are negative, with high operational costs. The balance sheet reveals moderate financial leverage and negative return on equity, while cash flow analysis highlights significant cash burn. The company needs to focus on cost control and enhancing cash generation to improve financial health.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	50.34M	54.91M	36.96M	0.00	0.00
Gross Profit	-15.72M	-5.14M	3.57M	-662.00K	-296.00K
EBITDA	-85.27M	-57.82M	-61.82M	97.65M	-6.33M
Net Income	-120.03M	-89.65M	-79.20M	88.22M	-2.92M
Balance Sheet
Total Assets	655.63M	723.69M	641.96M	656.35M	―
Cash, Cash Equivalents and Short-Term Investments	19.00M	16.28M	48.28M	87.66M	―
Total Debt	191.40M	180.27M	115.88M	41.44M	70.60M
Total Liabilities	314.96M	297.43M	308.55M	249.37M	159.77M
Stockholders Equity	340.66M	426.26M	333.41M	406.98M	―
Cash Flow
Free Cash Flow	-84.52M	-94.13M	-96.06M	-19.02M	-3.13M
Operating Cash Flow	-82.50M	-54.62M	-45.84M	-13.01M	4.87M
Investing Cash Flow	-1.59M	-42.51M	-54.73M	-137.59M	-9.87M
Financing Cash Flow	82.67M	65.16M	61.43M	222.90M	-6.55M

i-80 Gold Corp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.88
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 0.88 is above the 20-day moving average (MA) of 0.86, above the 50-day MA of 0.84, and below the 200-day MA of 0.93, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 52.13 is Neutral, neither overbought nor oversold. The STOCH value of 58.33 is Neutral, 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	77 Outperform	C$464.79M	11.62	39.70%	―	56.13%	98.44%
ELE	73 Outperform	C$524.70M	87.14	2.36%	―	109.11%	―
IAU	51 Neutral	C$701.07M	―	-38.15%	―	-1.62%	-58.16%
Sector *	44 Neutral	C$980.54M	-6.82	-13.68%	1.81%	17.37%	-32.98%
WRLGF	―	$213.85M	―	-143.63%	―	―	―
ODV	―	$327.41M	―	-20.94%	―	―	―
NFGC	―	$402.30M	―	-75.61%	―	―	―

i-80 Gold Corp Corporate Events

i-80 Gold Corp Advances Nevada Projects with New Development Plan

i-80 Gold Corp has provided an update on its new development plan, which includes advancing Nevada gold projects and creating a mid-tier gold producer. The company is making progress on several fronts, including drilling, feasibility studies, and permitting efforts for its projects. The Granite Creek Underground operation is ramping up, with a predictive hydrogeological model aiding dewatering efforts. The Lone Tree autoclave processing facility is undergoing feasibility optimization, and the Archimedes Underground mine is nearing the final stages of permitting. These developments are expected to enhance i-80’s operational capabilities and strategic positioning in the gold mining industry.

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. Reports 2025 Shareholder Meeting Results

i-80 Gold Corp. announced the results of its 2025 annual and special meeting of shareholders, where 53.1% of the company’s outstanding shares were voted. Shareholders approved setting the number of directors at seven, elected all director nominees, reappointed Grant Thornton LLP as auditors, and approved an Advance Notice Policy for director nominations. These decisions are expected to support i-80 Gold’s strategic goals and operational efficiency as it continues to develop its asset portfolio in Nevada.

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. 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.