i-80 Gold Corp (IAU) AI Stock Analysis

• Market Cap: C$1.68B
• 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): -0.06
• 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: 65.88% 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$2.00 ▼(-5.21% Downside)

i-80 Gold Corp's overall stock score is primarily impacted by its financial performance, which is weak due to profitability and cash flow challenges. Despite strong technical indicators suggesting bullish momentum, the negative valuation metrics and ongoing operational challenges weigh heavily on the score. Positive developments from the earnings call and corporate events provide some optimism, but the company needs to address its financial inefficiencies to improve its overall standing.

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

i-80 Gold Corp shows strong revenue growth but struggles with profitability and cash flow management. The balance sheet reflects moderate leverage, yet the negative return on equity and cash flow issues indicate financial instability. The company needs to focus on improving operational efficiency and cash flow generation to enhance financial health.

Income Statement

The company has shown significant revenue growth of 36.9% in the TTM period, indicating strong top-line expansion. However, profitability remains a concern with negative gross, net, EBIT, and EBITDA margins, reflecting operational inefficiencies and high costs relative to revenue. The consistent negative margins suggest challenges in achieving profitability.

Balance Sheet

The debt-to-equity ratio has improved to 0.38 in the TTM period, indicating a moderate leverage level. However, the negative return on equity highlights the company's inability to generate positive returns for shareholders. The equity ratio is stable, suggesting a solid capital structure, but the negative ROE remains a significant concern.

Cash Flow

The company has a high free cash flow to net income ratio of 1.45, indicating efficient cash generation relative to net income. However, negative operating and free cash flows in the TTM period highlight liquidity challenges. The decline in free cash flow growth further emphasizes the need for improved cash management.

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: Positive
• Last Price: 2.11
• 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 Positive. The current price of 2.11 is above the 20-day moving average (MA) of 2.04, above the 50-day MA of 1.69, and above the 200-day MA of 1.15, indicating a bullish trend. The MACD of 0.11 indicates Positive momentum. The RSI at 64.52 is Neutral, neither overbought nor oversold. The STOCH value of 76.10 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	76 Outperform	C$740.45M	19.93	29.30%	―	45.36%	-14.35%
ELE	68 Neutral	C$1.58B	83.85	2.92%	―	131.18%	150.47%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
IAU	56 Neutral	C$1.68B	-6.64	-37.59%	―	70.93%	37.37%
NFG	56 Neutral	$1.41B	-19.24	-50.06%	―	―	28.06%
WRLG	50 Neutral	C$412.17M	-2.84	-143.63%	―	―	―
ODV	49 Neutral	C$1.25B	-3.17	-46.07%	―	-1.73%	37.26%

i-80 Gold Corp Corporate Events

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.

i-80 Gold Corp. Announces Board Resignation of Eva Bellissimo

i-80 Gold Corp. announced the resignation of Eva Bellissimo from its Board of Directors, effective October 31, 2025, as she focuses on her expanded role at McCarthy Tétrault LLP. Bellissimo, who has been with the company since its inception and previously served as Chair of the Corporate Governance and Nominating Committee, has been praised for her valuable contributions to the company’s growth. The company plans to maintain a Board composition of at least seven seats and seeks a new candidate to help advance its development plan towards becoming a Nevada-focused mid-tier gold producer.

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.