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Develops a portfolio of past-producing Nevada gold properties, including Ruby Hill and Granite Creek.
Develops a portfolio of past-producing Nevada gold properties, including Ruby Hill and Granite Creek.
Sells gold at the market price, so results follow the gold price and how much its mines produce, with output coming from underground mines it has been restarting after earlier owners stopped them. It has relied on outside financing, such as loans from financing partners, to pay for development.
Moat: narrow (installed base, regulatory licence). Owns Nevada infrastructure (mills, permits) from acquired past-producing mines, cutting development time.
Headquarters: Reno, Nevada, US · Founded: 2021 · Employees: 133
Size i-80 Gold (IAU.TO) is a Canada Materials company (Precious Metals) with a market value of $1.24B, the 223rd largest of 420 Canada companies the cockpit tracks. Shares closed at C$2.00 on 6 Nov 2026.
Performance Over six months the shares fell 2.4%, against -8.2% for the median peer and +5.2% for the Canada market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue grew 37.6% over the last twelve months (peer median +54.1%); the operating margin is -103.3% (peer median 11.3%).
Valuation It trades at 5.43× book value against a peer median of 2.80× (8th most expensive of 21).
Price implies The share price implies a return on equity of about 68.3%; i-80 Gold delivers -81.9%, so the price asks more than the business earns today.
Next results Next results expected around 16 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$186M | C$131M | C$72.4M | C$72.8M | C$50.1M |
| Revenue growth | — | +80% | 0% | +45% | — |
| Gross profit | -C$118M | -C$76.6M | -C$84.8M | -C$60.4M | -C$54.1M |
| EBITDA | -C$181M | -C$125M | -C$124M | -C$89.0M | -C$71.4M |
| Net income | -C$377M | -C$273M | -C$175M | -C$86.4M | -C$107M |
| Free cash flow | -C$318M | -C$131M | -C$125M | -C$125M | -C$130M |
| Capital expenditure | C$87.9M | C$13.2M | C$2.90M | C$52.4M | C$68.1M |
| Total debt | C$645M | C$240M | C$275M | C$239M | C$157M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| i-80 Gold IAU.TO | $1.24B | -2% | +38% | -82% | 5.43× | 68.3% |
| Hycroft Mining HYMC | $1.75B | -51% | n/a | -72% | 7.36× | 123.4% |
| Coeur Mining CDE | $15.9B | -17% | +117% | 13% | 1.53× | 17.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | IAU.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.7% | -6.2% | 11th highest of 21 |
| 6-month return | -2.4% | -8.2% | 9th highest of 20 |
| Return on equity | -81.8% | 4.6% | 3rd lowest of 21 |
| Price / book | 5.43× | 2.80× | 8th most expensive of 21 |
| ROE the price implies | 68.3% | 25.5% | 5th most demanding of 21 |
| ROE delivered | -81.9% | 7.5% | 3rd lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| i-80 Gold IAU.TO | Canada | $1.24B | -2% | +38% | -82% | 5.43× | 68.3% | -81.9% |
| EACON 7687.HK | Hong Kong | $1.23B | n/a | +46% | -80% | 9.81× | 25.6% | n/a |
| Minerals 260 MI6.AX | Australia | $1.29B | +1% | n/a | 28% | 4.68× | 54.2% | 28.5% |
| AbraSilver Resource ABRA.TO | Canada | $1.30B | -37% | n/a | -113% | 34.64× | 355.9% | -112.6% |
| Perenti PRN.AX | Australia | $1.31B | -8% | -4% | 5% | 1.07× | 6.9% | 4.5% |
| Vizsla Silver VZLA.TO | Canada | $1.18B | -1% | n/a | -11% | 2.79× | 24.8% | n/a |
| Benz Mining BZ.V | Canada | $1.15B | +120% | n/a | -153% | 22.56× | 218.6% | -152.6% |
| Hemlo Mining HMMC.TO | Canada | $1.09B | -9% | n/a | -14% | 1.77× | 14.5% | n/a |
| Gogold Resources GGD.TO | Canada | $1.08B | +19% | +64% | 11% | 2.18× | 22.3% | 10.9% |
| RIO2 RIO.TO | Canada | $1.08B | -6% | n/a | 23% | 2.81× | 35.2% | 22.7% |
| New Pacific Metals NUAG.TO | Canada | $1.05B | 0% | n/a | -3% | 6.55× | 94.2% | -3.3% |
| Bellevue Gold BGL.AX | Australia | $1.46B | -16% | +14% | 1% | 2.51× | 26.9% | 0.9% |
| Orezone Gold ORE.TO | Canada | $1.46B | +31% | +93% | 25% | 2.26× | 18.1% | 25.4% |
| EQ Resources EQR.AX | Australia | $1.01B | +6% | +150% | 7% | 9.28× | 35.7% | 7.5% |
| Yunding Technology 000409.SZ | China | $960M | -18% | +6% | 5% | 3.35× | 21.0% | 4.6% |
| McEwen MUX.TO | Canada | $954M | -31% | +54% | 14% | 1.31× | 17.6% | 13.5% |
| Alkane Resources ALK.AX | Australia | $1.63B | +11% | +403% | 31% | 2.11× | 25.3% | 31.3% |
| Beijing Xiaocheng Technology Stock 300139.SZ | China | $1.64B | -25% | +39% | 12% | 9.54× | 93.2% | 12.5% |
| Southern Cross Gold Consolidated SXGC.TO | Canada | $1.65B | -9% | n/a | -4% | 8.80× | 32.9% | -3.5% |
| Highlander Silver HSLV.TO | Canada | $906M | -23% | n/a | 1% | 2.22× | 21.6% | 1.2% |
| Tongguan Gold 0340.HK | Hong Kong | $1.73B | -14% | +65% | 26% | 2.77× | 11.8% | 25.5% |