i-80 Gold Corp (IAU) AI Stock Analysis

• Market Cap: C$1.73B
• Dividend Yield: N/A
• Average Volume (3M): 1.09M
• Price to Earnings (P/E): ―
• Beta (1Y): 3.23
• Revenue Growth: 70.93%
• EPS Growth: 37.37%
• Country: CA
• Employees: 109
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.05
• Shares Outstanding: 800,569,460
• 10 Day Avg. Volume: 1,431,698
• 30 Day Avg. Volume: 1,087,304
• PEG Ratio: -0.47
• Price to Book (P/B): 0.51
• Price to Sales (P/S): 3.42
• P/FCF Ratio: -2.04
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$3.50
• Price Target Upside: 62.04% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: C$2.50 ▲(15.74% Upside)

The score is held back primarily by weak financial performance (loss-making margins and negative operating/free cash flow) despite strong revenue growth. Technicals are a key positive with a strong uptrend and supportive momentum. Earnings call commentary is cautiously constructive on execution and guidance, but financing and cost pressures remain meaningful risks, and valuation is constrained by negative earnings and no dividend.

Positive Factors

Rising gold sales and revenue

Sustained increases in ounces sold and revenue reflect operational progress toward production scale. Higher physical gold output supports future cash generation potential, reduces per-ounce fixed costs over time, and strengthens the company’s ability to fund development and repay project financing.

High-grade drilling and project advancement

High-grade intercepts and active development at Granite Creek materially enhance resource quality and reserve conversion prospects. Robust drill results de-risk long-term mine plans, improve expected mine economics, and justify investment in infrastructure and sequencing toward sustained production.

Recapitalization funding secured

Committed financing for near-term construction and technical work materially reduces execution risk for key projects. Access to targeted capital preserves development timelines, enables milestone delivery, and lowers immediate dilution risk versus relying solely on equity markets for funding.

Negative Factors

Persistent net losses

Ongoing net losses indicate the company remains in a capital-intensive development phase and cannot yet self-fund growth. Persisting losses constrain retained earnings, limit balance sheet resilience, and increase dependence on external financing to complete project builds and transition to positive cash flow.

Weak operating cash generation

Negative operating and free cash flow are structural challenges for a developer moving toward production. Poor cash generation increases refinancing and liquidity risk, forces reliance on debt or asset sales, and can delay project milestones if incremental funding cannot be secured on favorable terms.

Groundwater and higher operating costs

Ongoing dewatering and water management issues drive capital and operating expenditures and can disrupt schedules. Persistent hydrogeological constraints raise unit costs, complicate mining sequencing, and may require sustained investment to maintain production reliability and protect long-term margin sustainability.

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 primarily through the exploration and development of gold mining projects, with a focus on advancing its properties to production. The company benefits from various key revenue streams, including potential future gold production, joint ventures, and partnerships with other mining companies that may provide funding, technical expertise, or shared resources. Significant partnerships with established industry players can enhance i-80 Gold's operational capabilities and reduce exploration risks, ultimately contributing to its earnings as projects move closer to production and begin generating cash flow from gold sales.

i-80 Gold Corp Financial Statement Overview

Summary

Despite strong TTM revenue growth (26.77%), profitability is weak with negative gross, EBIT/EBITDA, and net margins. Cash flow is also a concern with negative operating and free cash flow, while leverage appears manageable (debt-to-equity 0.42) but ROE is negative.

Income Statement

The company has shown a significant revenue growth rate of 26.77% in the TTM period, indicating a positive trajectory in sales. However, profitability remains a concern with negative gross profit, net profit, EBIT, and EBITDA margins, reflecting operational challenges and high costs relative to revenue.

Balance Sheet

The debt-to-equity ratio of 0.42 in the TTM period suggests moderate leverage, which is manageable. However, the negative return on equity indicates that the company is not generating profits from its equity base, highlighting inefficiencies in utilizing shareholder funds.

Cash Flow

The company faces cash flow challenges, with negative operating and free cash flows in the TTM period. The free cash flow to net income ratio of 1.49 suggests that despite losses, cash flow management is relatively better, but overall cash generation remains weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	97.13M	50.34M	54.91M	36.96M	0.00	0.00
Gross Profit	5.52M	-15.72M	-5.14M	3.57M	-662.00K	-296.00K
EBITDA	-110.53M	-85.27M	-57.82M	-67.71M	97.65M	-5.99M
Net Income	-144.21M	-121.53M	-89.65M	-79.20M	88.22M	-2.92M
Balance Sheet
Total Assets	756.22M	655.63M	723.69M	641.96M	656.35M	0.00
Cash, Cash Equivalents and Short-Term Investments	102.87M	19.00M	16.28M	48.28M	87.66M	0.00
Total Debt	175.91M	191.40M	180.27M	115.88M	41.44M	70.60M
Total Liabilities	333.22M	314.96M	297.43M	308.55M	249.37M	159.77M
Stockholders Equity	423.00M	340.66M	426.26M	333.41M	406.98M	0.00
Cash Flow
Free Cash Flow	-47.75M	-84.52M	-94.13M	-96.06M	-19.02M	-3.13M
Operating Cash Flow	-43.88M	-82.50M	-54.62M	-45.84M	-13.01M	4.87M
Investing Cash Flow	-3.87M	-1.59M	-42.51M	-54.73M	-137.59M	-9.87M
Financing Cash Flow	106.98M	82.67M	65.16M	61.43M	222.90M	-6.55M

i-80 Gold Corp Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.16
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 Neutral. The current price of 2.16 is below the 20-day moving average (MA) of 2.28, above the 50-day MA of 2.00, and above the 200-day MA of 1.27, indicating a neutral trend. The MACD of 0.12 indicates Positive momentum. The RSI at 46.31 is Neutral, neither overbought nor oversold. The STOCH value of 46.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
ORE	73 Outperform	C$1.50B	12.95	22.92%	―	34.05%	80.47%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
RIO	59 Neutral	C$1.40B	335.05	3.01%	―	―	―
NFG	56 Neutral	$1.26B	-17.17	-50.06%	―	―	28.06%
IAU	56 Neutral	C$1.73B	-6.80	-37.59%	―	70.93%	37.37%
ODV	49 Neutral	C$1.17B	-2.96	-46.07%	―	-1.73%	37.26%
ASE	43 Neutral	C$1.47B	-2.81	-1186.80%	―	8.01%	-816.99%

i-80 Gold Corp Corporate Events

i-80 Gold Bolsters Board with Three Independent Directors to Support Nevada Growth Strategy

i-80 Gold Corp. has strengthened its board of directors with the appointment of three new independent directors – Ronald Butler Jr., Michael Jalonen and Steven Yopps – effective 1 February 2026, expanding the board to nine members. The additions bring deep expertise in mining operations, finance, mineral processing and capital markets, directly aligned with the company’s strategy to develop five gold projects and refurbish its Lone Tree autoclave facility in Nevada. Management highlighted that Butler’s long-standing financial and governance experience, Jalonen’s decades as a top-ranked precious metals analyst and Yopps’ extensive metallurgical and Nevada operational background are expected to enhance governance, technical oversight and strategic execution as i-80 Gold advances its plan to become a leading mid-tier gold producer in the state.

The most recent analyst rating on (TSE:IAU) stock is a Hold with a C$2.50 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 Drilling at Granite Creek Underscores High-Grade Growth and Resource Upside

i-80 Gold reported new high-grade assay results from its 2025 drilling campaign at the Granite Creek Underground Project in northern Nevada, with 40 new holes in the South Pacific Zone confirming robust mineralization and supporting the potential to expand resources to the north and at depth. The 16,000-metre program, largely focused on infill drilling, delivered several standout intercepts and is intended to convert inferred resources to the indicated category, feed an updated resource estimate, and underpin a feasibility study expected in early 2026, reinforcing the mine’s potential beyond the roughly eight-year life outlined in the prior economic study and supporting the company’s broader growth plans at its other Nevada projects.

The most recent analyst rating on (TSE:IAU) stock is a Hold with a C$2.50 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’s Lone Tree Study Points to Higher Margins and Fast Payback on US$430 Million Plant Refurbishment

i-80 Gold has released an engineering study outlining plans to refurbish and upgrade its Lone Tree processing plant in Northern Nevada into a modern pressure oxidation and carbon‑in‑leach facility with nameplate capacity of roughly 2,268 tonnes per day. The project carries an AACE Class 3 capital cost estimate of about US$430 million including spares, higher than earlier expectations due to inflation, design refinements and expanded tailings capacity, but is projected to materially improve economics by shifting the company from toll‑milling to an owner‑operated model that could boost margins by an estimated US$1,000–US$1,500 per ounce and deliver a payback in 12 to 24 months once in operation. Early works have started under a limited notice to proceed, with full construction contingent on completing a recapitalization that management aims to finish by mid‑2026, and the plant is targeted for construction start in the second half of 2026 and commissioning by the end of 2027, positioning i‑80 Gold to centralize processing of ore from its three underground mines and strengthen its competitive standing alongside Nevada Gold Mines as one of the only autoclave operators in the state.

The most recent analyst rating on (TSE:IAU) stock is a Buy with a C$3.50 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 Unveils High-Grade Resource Estimate for FAD Project

i-80 Gold Corp announced a high-grade mineral resource estimate for its FAD Project, highlighting significant gold, silver, lead, and zinc mineralization. The project, located in Nevada, presents a substantial opportunity due to its high-grade nature and growth potential. Despite its potential, the FAD Project is considered non-core, and the company is contemplating its sale to support recapitalization objectives. The company remains focused on its core projects and aims to leverage the near-surface gold mineralization at the Gold Hill deposit through heap leaching at nearby facilities.

The most recent analyst rating on (TSE:IAU) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on i-80 Gold Corp stock, see the TSE:IAU Stock Forecast page.