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

Alternate Symbol(s):  IAUX | T.IAU.WT

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 > Important details dragging on the stock in the 2023 stmts
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Post by lumpy13 on Mar 26, 2024 7:20pm

Important details dragging on the stock in the 2023 stmts

If you look at the details of IAU's convertible debt gold instruments and gold prepay and silver purchase obligations, there are various financial interests that are senior to shareholders but also have equity upside.  In addition, every major property has numerous NSRs (altho in many cases the specific NSR is only for specified area, not the entire property). 

Botom line, it's very hard to get a true sense of what IAUs cashflow will be, given all these different interests that get a cut of the revenues before we do. For those that do in depth financial analysis, this may be of significant concern and are a reason behnd IAU's declining stock price.  Mgmt loves to talk about the properties and their great mining characteristics , but never really discusses how the company if financially structured and the implications of such structuring.
Comment by metalhead666 on Mar 26, 2024 9:08pm
Textbook case of why all gold miners are garbage.  Even with gold at $2200 most producers still can't make any money .... forget about developers or explorers who sell their souls for just a few more drill holes. Unless you have a Fosterville or Macasa all you'll do is spend every dime you earn back into the ground, paying ever increasing wages, fighting some government, waiting for ...more  
Comment by diggin78 on Mar 27, 2024 9:57am
They may be garbage now but dumpster diving still occassionally yields some gems.
Comment by AlwaysLong683 on Mar 31, 2024 2:15am
IMO: 1) IAU has too many balls in the air re. land packages and the capex still needed to be spent to develop their projects. 2) Underground mines are a higher-risk gamble as they are usually much more costly to bring to first pour vs. open pit. 3) Joint Ventures will further complicate things re. how much an IAU share is worth. Basically, IAU appears to be taking on too much too soon and are ...more  
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