i-80 Gold Corp (IAUX)

In Q1 2025, i-80 Gold reported revenue of $14.0 million, up from $8.4 million, but a loss of $0.10 per share. In Q2 2025, revenue increased to $27.8 million from $7.2 million, with gold sales of 8,400 ounces at $3,301 per ounce, and the company raised $185.5 million through offerings, increasing its cash balance to $133.7 million. In Q3 2025, the company announced a new development plan, reporting revenue of $11.5 million and gold sales of 3,063 ounces at $2,422 per ounce, resulting in a loss of $0.10 per share, with the cash position decreasing to $21.8 million; the stock gained +2.1% following the Q3 earnings announcement.

The demand for i-80 Gold Corp.'s primary products, gold and silver, is influenced by broader market seasonality, with gold prices typically experiencing a seasonal low in early July and rising through late summer and fall due to increased jewelry demand and its role as a safe-haven asset. While specific demand seasonality for i-80 Gold Corp.'s operations is not detailed, the company's revenue and profitability are generally influenced by these broader seasonal and market demand patterns for precious metals.

i-80 Gold Corp. is a Nevada-focused mining company involved in the exploration, development, and production of gold, silver, and polymetallic deposits in the United States, operating within the Basic Materials sector, specifically in the Gold industry. Its principal assets include the McCoy-Cove gold properties, the Granite Creek gold project, the Lone Tree project, the Ruby Hill mine, and the FAD property, all located in Nevada. The company aims to become a mid-tier gold producer by developing new open pit and underground mining operations and processing ore at its central Lone Tree complex.

i-80 Gold Corp.'s operations are exclusively focused in Nevada, United States, with key properties like Lone Tree, Ruby Hill, Granite Creek, McCoy-Cove, and FAD located within Nevada's gold-producing trends, including the Battle Mountain-Eureka Trend and the Getchell gold belt.

i-80 Gold Corp.'s brand reputation is closely tied to its financial performance and operational progress. Analyst consensus rates the company as a "Moderate Buy" or "Buy," with an average price target suggesting significant upside potential. The company actively communicates its development plans and progress, including the ramp-up of Granite Creek Underground and the commencement of construction at Archimedes, and published their second annual sustainability report. However, recent financial challenges, including significant losses, declining revenue in Q3 2024, a high cash burn rate, and increasing debt, have led to negative analyst sentiment and concerns about financial stability and potential shareholder dilution.

i-80 Gold Corp. has significant institutional ownership at 60.43%, with 6.77% held by individuals. Major institutional owners include Condire Management, LP, Sprott Inc., Vanguard Group Inc., Van Eck Associates Corp, Nokomis Capital, L.L.C., Pale Fire Capital SE, and Orion Resource Partners LP. Richard Scott Young, the CEO, is the largest individual shareholder, owning 4.34 million shares, representing 0.53% of the company, and insiders have shown more buying than selling activity recently.