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Bullboard - Stock Discussion Forum I-80 Gold Corp T.IAU

Alternate Symbol(s):  IAUX | T.IAU.W

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... see more

TSX:IAU - Post Discussion

I-80 Gold Corp > At $1.80
View:
Post by NineLives on Nov 02, 2023 10:51am

At $1.80

This stock is a steal. But buyers will only realise this when normalcy returns to the Gold sector.
GLTA.
Comment by Aurum79 on Nov 02, 2023 11:07am
   Cash burn rate is too high. Another major financing isn't too far off and at these prices it's just going to take more and more diluted shares to get to the finish line. It's a beast that feeds itself. Majors are making a killing and will gobble this thing up cheap next year. It's a sad story, I had high hopes for this one 
Comment by AlwaysLong683 on Nov 03, 2023 3:00am
I stay away from companies that are developing multiple projects with a large number of claims packages at various stages while eating through cash at a rapid rate. I'd rather own a company with one good land package (eg. NFG, ARTG) than one with many balls in the air trying to fund each, especially when higher interest rates and inflation are a factor.
Comment by Ridgeback on Nov 03, 2023 8:13am
One gold miner in decline today was Ewan Downie and Matthew Gili's I-80 Gold Corp. (IAU). It fell 12 cents to $1.78 on 1.01 million shares on word it lost $17.6-million (U.S.) in its third quarter. The company's operating loss has now grown to nearly $62-million (U.S.) this year and even its mining cash flow has a distinct reddish hue. Mr. Downie, CEO, and Mr. Gili, president ...more  
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