公司概述
i-80 Gold Corp. operates as a mining company focused on the exploration and advancement of gold and silver mineral deposits within the United States, specifically targeting polymetallic deposits in Nevada. The company was incorporated in 2020 and maintains its headquarters in Reno, Nevada, positioning itself within the Basic Materials sector as an active participant in the Gold industry. In terms of scale, the enterprise carries a market capitalization of $1.43 billion and reports annual revenue of $95.19 million based on trailing twelve-month figures, while employing a workforce of 133 individuals. These valuation metrics, particularly the market cap relative to revenue, indicate that the company commands a significant market valuation that exceeds its current annual revenue multiple, suggesting high market expectations or asset-backed pricing rather than traditional earnings-based valuations common in mature mining firms.
财务健康
The company generated revenue of $95.19 million over the trailing twelve months, yet reported a net income loss of $198,847,000, revealing a cost structure where operating expenses significantly outweigh gross revenue generation. This substantial gap between revenue and net income is further exacerbated by an EBITDA of $-90,938,000, indicating that core operational profitability remains deeply negative despite active exploration efforts. The company's financial flexibility is constrained by a free cash flow of $-64,570,000, which reflects a continuous burn rate that limits the ability to fund expansion without additional capital injection. Margin analysis highlights severe inefficiencies, with a gross margin of -1.0%, an operating margin of -168.3%, and a profit margin of -208.9%, all pointing to costs that exceed revenue and substantial overhead burdens. Liquidity and leverage positions show a cash balance of $63.24 million against total debt of $179.45 million, resulting in a debt-to-equity ratio of 51.75 that characterizes a highly leveraged balance sheet rather than a conservative one. Short-term liquidity is under pressure with a current ratio of 0.73, suggesting that current liabilities exceed current assets and the company may face challenges meeting immediate obligations. Return metrics demonstrate management ineffectiveness in generating capital appreciation, evidenced by a return on equity of -57.9% and a return on assets of -9.0%, confirming that the capital base is being eroded rather than enhanced by current operations.
估值评估
Valuation multiples for i-80 Gold Corp. are unavailable in terms of earnings, as both the P/E ratio (TTM) and Forward P/E are N/A due to the lack of positive net income. Consequently, the price-to-book ratio stands at 4.01, indicating that the market prices the stock at four times its book value, which suggests a significant premium over the net asset value or an expectation of future asset appreciation. Alternative valuation metrics provide further insight, with a price-to-sales ratio of 15.02 and an EV/EBITDA of -16.80, implying that the valuation is derived almost entirely from revenue multiples and asset potential rather than earnings power. Regarding trading ranges, the stock has a 52-week high of $2.24 and a 52-week low of $0.48, meaning the current market price sits within a wide volatility band that encompasses a potential 78.6% decline from the high to the low. The beta value is recorded at 2.05, which signifies that the stock price exhibits more than double the volatility of the broader market, making it highly sensitive to sector-specific shifts and general market sentiment.
Growth & Income
The company experienced a revenue growth rate of -8.3% year-over-year, while earnings growth is N/A due to negative earnings, indicating a contraction in top-line sales rather than a divergence between revenue and earnings expansion. The company does not distribute dividends to shareholders, as reflected by a dividend yield of N/A and a payout ratio of 0.0%. Since the company is not a dividend payer, it does not return cash to investors through payouts, and the zero payout ratio combined with negative earnings suggests that any retained earnings are insufficient to fund growth or are being consumed by operational losses. The overall growth and income profile for i-80 Gold Corp. is defined by negative revenue momentum and a complete absence of income generation through dividends, presenting a high-risk scenario where capital preservation relies on future exploration success rather than current financial performance.