Home / Going-concern warnings / i-80 Gold Corp.

4/5i-80 Gold Corp. (IAUX): Going-concern doubt

Filed 2025-04-01 路 Form 10-K 路 Accession 0001628280-25-015753 small

Market data

Price before filing: $0.5818 (2025-03-31 close, split/dividend-adjusted)
Market cap at flag: $345.0M (2025-04-01) 路 Latest: $1.31B (2026-10-16)

What happened next

WindowIAUXSPYvs SPY
30 days+4.4%-0.2%+4.5%2025-05-01
90 days+2.9%+10.8%-7.9%2025-06-30
180 days+69.3%+19.3%+50.0%2025-09-29

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: 6 insiders bought $457K (6 purchases)
30 days after: none reported.

DateInsiderTypeSharesPriceValue10b5-1 planSource
2025-02-28Begeman John Arthur
Director
Purchase44,987$0.55$25KnoForm 4
2025-02-28Gili Matthew David
President and COO
Purchase35,000$0.55$19KnoForm 4
2025-02-28Savarie David Roger
SVP, General Counsel
Purchase31,250$0.55$17KnoForm 4
2025-02-28Seaman John William
Director
Purchase53,500$0.55$30KnoForm 4
2025-02-28Snow Ryan Reid
Chief Financial Officer
Purchase35,000$0.55$19KnoForm 4
2025-02-28Young Richard Scott
Chief Executive Officer, Director
Purchase625,000$0.55$346KnoForm 4
2025-04-01: red flag filed

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-01 to 2025-05-01. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"These conditions, along with other matters as set forth in Note 2, raise substantial doubt about the Company's ability to continue as a going concern."

Quoted from the filing. Source

What this means

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.

Source: management disclosure in Form 10-K (period 2024-12-31)

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

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