earnings
confidence high
sentiment neutral
materiality 0.70
i-80 Gold Q1 2025: net loss $41.2M ($0.10/sh), revenue $14.0M; gold sales 4,952 oz at $2,825/oz
i-80 Gold Corp.
2025-Q1 EPS reported
-$0.10
revenue$14,048,000
- Net loss of $41.2M ($0.10/sh) vs $19.7M loss ($0.06/sh) in Q1 2024; loss widened due to revaluation losses from gold prepay and silver purchase agreement.
- Revenue increased to $14.0M from $8.4M YoY, driven by higher gold ounces sold and higher average realized gold price of $2,825/oz.
- Gold sales totaled 4,952 oz at avg realized price $2,825/oz, compared to 4,061 oz at $2,063/oz in prior year period.
- Cash used in operations $22.7M; cash balance $13.5M as of March 31, 2025, down $5.5M during the quarter.
- Granite Creek Underground ramping up; management expects steady-state gold output in H2 2025; completed $12M working capital facility with Auramet to support recapitalization.