Sector: Basic Materials | Industry: Gold |
Company Contact | |
Address: | 5190 Neil Road, Suite 110 RENO NV 89820 |
Tel: | N/A |
Website: | https://www.i80gold.com |
IR: | See website |
Key People | ||
Matthew Gili President, Chief Operating Officer | Ewan S. Downie Chief Executive Officer, Director | Ryan Snow Chief Financial Officer |
Matthew Gollat Executive Vice President - Business and Corporate Development | Jacklynn Hunt Corporate Secretary |
Business Overview |
i-80 Gold Corp. is a mining company. The Company is a gold and silver producer engaged in the exploration, development and production of gold, silver mineral and poly-metallic deposits. Its operations include Lone Tree, Ruby Hill, Granite Creek and McCoy-Cove. The Company owns a 100% interest in the Lone Tree and Buffalo Mountain gold deposits and Lone Tree processing complex (collectively, the Lone Tree Project). The total land package of the Lone Tree property consists of approximately 12,000 acres. The Ruby Hill Project is an advanced-stage development project with residual heap leach production, located within the Battle Mountain-Eureka Trend. It owns a 100% interest in the Granite Creek gold project located at the intersection of the Getchell gold belt and the Battle Mountain-Eureka Trend in Humboldt County, Nevada. It owns a 100% interest in the McCoy-Cove project. It holds a 100% interest in the FAD project located along the Battle Mountain-Eureka Trend in Eureka County, Nevada. |
Financial Overview |
For the fiscal year ended 31 December 2023, I-80 Gold Corp revenues increased 49% to $54.9M. Net loss decreased 18% to $65.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Gain (loss) on Convertible Loans derivat increase from $9.9M (expense) to $21.8M (income), Gain (loss) on warrants increase from $1M (expense) to $16.7M (income). |
Employees: | 116 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $734.51M as of Dec 31, 2023 |
Annual revenue (TTM): | $74.50M as of Dec 31, 2023 |
EBITDA (TTM): | -$91.11M as of Dec 31, 2023 |
Net annual income (TTM): | -$88.45M as of Dec 31, 2023 |
Free cash flow (TTM): | -$127.71M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $222.49M as of Dec 31, 2023 |
Shares outstanding: | 299,755,335 as of Mar 14, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |