i-80 Gold Corp (IAU) AI Stock Analysis

• Market Cap: C$323.65M
• Dividend Yield: N/A
• Average Volume (3M): 750.72K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.67
• Revenue Growth: -6.60%
• EPS Growth: -35.75%
• Country: CA
• Employees: 109
• Sector: Basic Materials
• Sector Strength: 52
• Industry: Gold
• EPS (TTM): -0.44
• Shares Outstanding: 443,358,830
• 10 Day Avg. Volume: 625,908
• 30 Day Avg. Volume: 750,719
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 5.09
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• 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$2.00
• Price Target Upside: 163.16% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

i-80 Gold Corp's overall stock score reflects significant financial challenges, highlighted by negative profitability and cash flow metrics. Despite strategic initiatives and positive corporate events, the financial instability, bearish technical indicators, and unattractive valuation weigh heavily on the score. While there are steps towards future growth, the immediate financial and operational hurdles are substantial.

Positive Factors

Company Strategy

Management has initiated a two-phase recapitalization plan to generate free cash flow and reschedule or refinance existing debt obligations.

Leadership

Richard Young brings extensive financial, development, and operational expertise to i-80.

Negative Factors

Asset Value

The company's NAV has decreased by 30% to $2.16/sh, indicating a significant drop in asset value.

Funding Challenges

The biggest risk to this new plan is the outside capital required, with $300m needed to support ongoing and planned development activities as well as service debt obligations.

Production Challenges

Gold sales of 3.063koz fell below the estimate due to underground water issues.

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 extraction and sale of gold and other precious metals. The company's revenue model revolves around mining operations where it explores and develops mineral-rich properties. Once the gold is extracted, it is processed and sold at market prices, which can fluctuate based on global demand and supply dynamics. Key revenue streams include the sale of mined gold and any by-products obtained during the mining process. Strategic partnerships and joint ventures with other mining companies or stakeholders may also contribute to its revenue by enhancing operational capabilities and expanding market reach.

i-80 Gold Corp Financial Statement Overview

Summary

i-80 Gold Corp faces significant profitability challenges with persistent negative margins across income statement metrics. The balance sheet indicates moderate leverage but negative returns, while cash flow issues suggest potential liquidity concerns. The company needs to focus on improving operational efficiency and cash generation to enhance financial stability.

Income Statement

The company has shown negative profitability with a declining gross profit margin and net profit margin in the TTM (Trailing-Twelve-Months). Revenue growth is volatile, and both EBIT and EBITDA margins are negative, indicating operational challenges.

Balance Sheet

The debt-to-equity ratio is moderate, suggesting some level of financial leverage. However, the return on equity is negative, reflecting lack of profitability. The equity ratio is stable, indicating a reasonable proportion of equity financing.

Cash Flow

Cash flow from operations is negative, indicating potential liquidity challenges. Free cash flow has improved marginally but remains negative. The operating cash flow to net income ratio reflects weak cash flow generation relative to reported losses.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
52.94M	54.91M	36.96M	0.00	0.00	10.46M
	Gross Profit
-13.90M	-5.14M	3.57M	-387.00K	-314.00K	4.96M
	EBIT
-68.97M	-68.80M	-68.67M	111.03M	-6.29M	-3.89M
	EBITDA
-79.61M	-35.97M	-62.48M	-24.07M	-6.06M	-3.24M
	Net Income Common Stockholders
-122.53M	-65.20M	-79.20M	88.22M	-12.49M	-8.10M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
―	16.28M	48.28M	87.66M	―	26.21M
	Total Assets
―	723.69M	641.96M	656.35M	―	162.25M
	Total Debt
70.60M	180.27M	115.88M	41.44M	70.60M	70.68M
	Net Debt
70.60M	164.00M	67.60M	-46.22M	70.60M	44.47M
	Total Liabilities
159.77M	297.43M	308.55M	249.37M	159.77M	176.36M
	Stockholders Equity
―	426.26M	333.41M	406.98M	―	-14.11M
Cash Flow		Free Cash Flow
-82.54M	-94.13M	-96.06M	-19.02M	-2.97M	22.60M
	Operating Cash Flow
-63.27M	-54.62M	-45.84M	-13.01M	4.62M	55.53M
	Investing Cash Flow
-14.76M	-42.51M	-54.73M	-137.59M	-9.38M	-31.69M
	Financing Cash Flow
61.39M	65.16M	61.43M	222.90M	-6.22M	-4.55M

i-80 Gold Corp Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.76
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 0.76 is below the 20-day moving average (MA) of 0.88, below the 50-day MA of 0.95, and below the 200-day MA of 1.14, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 35.04 is Neutral, neither overbought nor oversold. The STOCH value of 7.96 is Positive, 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
Sector *	47 Neutral	$2.44B	-2.84	-22.09%	3.51%	4.02%	-28.91%
IAU	45 Neutral	C$323.65M	―	-30.59%	―	-6.60%	-35.75%

i-80 Gold Corp Corporate Events

i-80 Gold Corp. Announces Executive Transition as COO Steps Down

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.

Spark’s Take on TSE:IAU Stock

According to Spark, TipRanks’ AI Analyst, TSE:IAU is a Neutral.

i-80 Gold Corp’s overall stock score reflects significant financial challenges, highlighted by negative profitability and cash flow metrics. Despite strategic initiatives and positive corporate events, the financial instability, bearish technical indicators, and unattractive valuation weigh heavily on the score. While there are steps towards future growth, the immediate financial and operational hurdles are substantial.

To see Spark’s full report on TSE:IAU stock, click here.

i-80 Gold Corp. Files Technical Reports for Key Nevada Projects

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.

i-80 Gold Corp Reports 2024 Results and Strategic Developments

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.

i-80 Gold Corp. Updates Reporting Schedule for 2024

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.

i-80 Gold Corp. Secures Key Processing Agreements to Boost Operations

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.

i-80 Gold Corp. Ends Equity Program, Prepares Economic Assessments for Gold Projects

i-80 Gold Corp. announced the expiration of its at-the-market equity program, which was initially set up to provide financial flexibility for growth. The company remains in a trading blackout and is engaging with debt providers to advance its recapitalization plan, aiming to maximize shareholder value. Additionally, i-80 Gold plans to file Preliminary Economic Assessments for its five gold projects by the end of March 2025, highlighting the significant value of its gold portfolio.

i-80 Gold Corp Reports Positive Economic Assessment for Granite Creek Project

i-80 Gold Corp has announced a positive preliminary economic assessment for its Granite Creek Underground Project in Nevada, projecting significant economic potential with an after-tax NPV of $155 million at a gold price of $2,175/oz. The project is expected to produce an average of 60,000 ounces of gold annually over its eight-year mine life, with substantial resource growth potential. The company plans to enhance production and cash flow by refurbishing its Lone Tree autoclave by 2028, which will improve gold recovery rates. The project is strategically located near major gold complexes, offering extensive exploration opportunities.

i-80 Gold Advances Recapitalization with Key Amendments and Placement

i-80 Gold Corp has completed amendments to its $65 million convertible debenture indenture and closed a concurrent private placement, as part of its recapitalization plan. These steps are aimed at improving the company’s liquidity and refinancing flexibility, aligning its capital structure with its long-term growth and development plans. The amendments include revised conversion price definitions, subordinate security rights, and a redemption right for the company.

i-80 Gold Corp. to Host Investor Day on March 6, 2025

i-80 Gold Corp. has announced an Investor Day event scheduled for March 6, 2025, in Toronto, where the company will present its growth strategy and recapitalization plan. This event, which includes a live webcast and Q&A sessions with the management team, aims to provide insights into the company’s future direction and its portfolio of gold projects, potentially impacting its market positioning and stakeholder interests.

i-80 Gold Corp Announces Positive Economic Assessment for Cove Project

i-80 Gold Corp has announced a positive updated Preliminary Economic Assessment (PEA) for its Cove Project in Nevada, indicating a strong potential for integration into the company’s broader mining strategy. The updated 2025 PEA shows an after-tax NPV of $271 million and an after-tax IRR of 30%, suggesting significant profitability at a gold price of $2,175/oz. This development marks a pivotal step in i-80 Gold’s regional strategy, with plans to later update assessments for other projects. The project has a life of mine of approximately 8 years, with expected annual gold production of 100,000 ounces and substantial economic benefits under varying market conditions.

i-80 Gold Corp Unveils Promising Economic Assessment for Nevada’s Mineral Point Project

i-80 Gold Corp has announced positive results from the preliminary economic assessment (PEA) of its Mineral Point Open Pit Project located in the Ruby Hill Complex in Nevada. The project is expected to become a flagship asset, offering significant production scale with an estimated life of mine of 17 years and an annual production of approximately 280,000 ounces of gold equivalent. With an after-tax NPV of $614 million and an IRR of 12% based on a gold price of $2,175/oz, the project demonstrates robust economic potential. The company plans to fund the project through a combination of cash flow from existing operations and a corporate debt facility, aiming to enhance its industry positioning as a mid-tier gold producer.

i-80 Gold Corp Reports Positive Economic Assessment for Archimedes Project

i-80 Gold Corp announced a positive Preliminary Economic Assessment (PEA) for its Archimedes Underground Project in Nevada, revealing a significant potential contribution to the company’s hub-and-spoke strategy. The project boasts a 10-year mine life with an estimated annual production of 100,000 ounces of gold and highlights the company’s leverage to gold prices. With an after-tax NPV of $127 million and an IRR of 23% at a gold price of $2,175/oz, the project is set to enhance i-80 Gold’s regional positioning despite higher costs and lower grades compared to other projects.

i-80 Gold’s Cove Project Shows Strong Economic Potential in Updated Assessment

i-80 Gold Corp has released an updated Preliminary Economic Assessment (PEA) for its Cove Project in Nevada, indicating a robust financial outlook with an after-tax NPV of $271 million and an IRR of 30% at a gold price of $2,175/oz. This update reflects improved mining geometry, revised costs, and precious metal pricing, enhancing the company’s position in the mining industry. The assessment underscores the potential for the Cove Project to become a significant contributor to the company’s regional mining strategy, with plans to integrate high-grade material from multiple mines into a central processing facility. The PEA also highlights the project’s long-term viability, with a mine life of approximately 8 years and potential for extension through further exploration.

i-80 Gold Corp. Completes C$22.57 Million Prospectus Offering

i-80 Gold Corp. has successfully closed its upsized prospectus offering, raising approximately C$22.57 million through the issuance of over 28 million common shares. This capital raise is aimed at supporting the company’s strategic objectives, potentially enhancing its position within the gold mining industry and creating value for stakeholders by expanding its operations in Nevada.

i-80 Gold Upsizes Share Offering to Bolster Growth

i-80 Gold Corp. has filed a prospectus supplement for an upsized offering of common shares, aiming to raise up to C$29 million. This offering, increased from US$10 million to US$20 million, is expected to close by January 31, 2025, and is pending regulatory approvals. Concurrently, a private placement involving key company insiders is set to raise additional funds, with proceeds earmarked for working capital and corporate purposes. This financial maneuver is part of i-80 Gold’s broader strategy to strengthen its operational and market position as it progresses towards becoming a mid-tier Nevada gold producer.

i-80 Gold Corp. Prices Prospectus Offering to Advance Nevada Projects

i-80 Gold Corp. has announced the pricing of its prospectus offering of common shares, set at C$0.80, intended to raise US$10,000,000. The proceeds will support the development of the company’s projects in Nevada and facilitate the second phase of its recapitalization plan. The offering is subject to regulatory approvals and customary closing conditions, and no commission or finder’s fee will be paid. This move is part of i-80 Gold’s strategy to enhance its positioning in the Nevada gold mining sector as a mid-tier producer.

i-80 Gold Amends Credit Agreement and Launches Financing Initiative

i-80 Gold Corp. has successfully amended and restated its convertible credit agreement with Orion Mine Finance, including extending the maturity date and issuing five million common share purchase warrants. This move is part of i-80 Gold’s broader recapitalization plan, which includes a US$10 million financing initiative to fund Nevada project developments and support working capital, with significant participation anticipated from major shareholders.

i-80 Gold Advances Recapitalization with Debenture Amendments

i-80 Gold Corp. has reached an agreement with certain convertible debenture holders to amend the terms of its convertible debentures, marking a significant step in the second phase of its recapitalization plan. These amendments, which include adjustments to conversion prices, aim to facilitate the company’s financial restructuring efforts, expected to be completed by the first quarter of 2025, thereby potentially enhancing its operational stability and market positioning.