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i-80 Gold Corp. (T:IAU)

Business Focus: Gold (NEC)

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