I-80 Gold Corp T.IAU

RE:From I-80 Gold

[Angelique01]

60PlusWhoCares wrote: Given the Company's working capital deficit, current operating losses and Management's expectation of future losses until it has fully executed its new development plan, the inability of the Company to arrange appropriate financing in a timely manner could result in the carrying value of the Company's assets being subject to material adjustment. These conditions indicate the existence of material uncertainties which cast significant doubt as to the Company's ability to continue as a going concern.

 So what?   That is nothing new. . Here is an excerpt from their December 31, 2023 audited report  It is a legal and accounting requirement to disclose.going concern issues.

Going concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company has negative cash flows from operations of $54.6 million and incurred a net loss of $65.2 million during the year ended December 31, 2023, and as of that date, the Company’s current liabilities exceeded its current assets by $21.0 million. These conditions, along with other matters as set forth in Note 2, raise substantial doubt about its ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 2.