IAUX Earnings Prediction
The chart below shows how IAUX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, IAUX sees a -0.15% change in stock price 10 days leading up to the earnings, and a -6.68% change 10 days following the report. On the earnings day itself, the stock moves by -1.60%. This data can give you a slight idea of what to expect for the next quarter's release.
IAUX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
11.51M
-12.91%
60.20%
Gross Margin
-39.03%
990.22%
-76.41%
Operating Margin
-159.94%
19.89%
-54.82%
Net Margin
-330.71%
940.95%
-35.49%
EPS
-0.10
-900.00%
-0.00%
No Data Available
IAUX Earnings Analysis
i-80 Gold Corp. Corporation (IAUX.A) Earnings Conference Call
Positive
Production Capacity Expansion: 1. Increased Production Capacity: Granite Creek underground mining rates increased by nearly 50% compared to Q3 of last year, with positive ore control reconciliation showing a 40% better grade and a 90% increase in ounces mined.
Gold Price Surge: 2. High Average Gold Price: The average realized gold price for the third quarter was $2,422 per ounce, significantly higher than the $1,895 per ounce in the same quarter of the previous year, contributing to revenue generation.
Cash Reserves Strength: 3. Strong Cash Position: The company ended the quarter with $21.8 million in cash, providing a solid foundation for ongoing operations and development plans.
Capital Raising Success: 4. Successful Capital Raising: i-80 Gold Corp. raised $13.1 million through the issuance of 11.5 million shares under its at-the-market equity program, enhancing its financial flexibility.
Mid-Tier Gold Production Goals: 5. Strategic Development Plan: The company aims to become a mid-tier gold producer with a target of 400,000 to 500,000 ounces of gold per year by the early 2030s, supported by a low capital intensity development plan.
Negative
Revenue Decline Analysis: 1. Declining Revenue: Q3 2024 revenues fell to $11.5 million, down from $13.2 million in Q3 2023, primarily due to lower gold sales volumes.
Rising Losses Per Share: 2. Increased Losses: The company reported a loss per share of $0.10 for Q3 2024, compared to a loss of $0.01 per share in the same quarter last year, largely due to $10.3 million in expenses related to derivative instruments.
Cash Reserves Decline: 3. Cash Depletion: Cash reserves decreased by $26 million from the previous quarter, ending Q3 2024 with only $21.8 million, raising concerns about liquidity.
Cash Flow Challenges Ahead: 4. Negative Cash Flow Expectations: Granite Creek is not expected to generate free cash flow until late 2025 or early 2026, necessitating a recapitalization of the balance sheet.
Deferred High-Risk Projects: 5. Deferred Projects: Higher-risk projects have been deferred due to balance sheet constraints, limiting potential growth opportunities until financial stability is achieved.
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IAUX Earning Call Sentiment
i-80 Gold Corp. (IAUX) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
IAUX.A
-0.35%Positive
The earnings call reveals significant challenges, including declining revenue, increased losses, and cash position deterioration. The termination of joint ventures, project deferrals, and regulatory challenges add to uncertainties. The Q&A section highlights concerns about debt restructuring and lack of clear guidance on the recapitalization plan. Despite efforts to minimize shareholder dilution, the absence of a buyback or dividend program further dampens sentiment. Overall, the negative financial performance and strategic uncertainties suggest a negative stock price reaction in the near term.
