I-80 Gold Corp Q3 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Kent Whitaker - KP7 Investors LLC - Analyst : Thank you. A couple of questions. Well, first off, congratulations on instilling some discipline in the company there and actually developing a development plan. So I, first of all, appreciate that. It seems like the market is has some questions on survivability. And I know you addressed your reaction -- the market's reaction to your development plan. But can I just ask, as you come in and you look over the balance sheet, what do you see as the key risks on not just the balance sheet, but also the other obligations that you've got? And how over the next few months or quarters or year or so, will you address those issues?

Question: Kent Whitaker - KP7 Investors LLC - Analyst : Do you feel that Orion is part of the solution here? Or are they part of the problem?

Question: Kent Whitaker - KP7 Investors LLC - Analyst : Just one more follow-up, and I'll pass the line. You got a tremendous portfolio of projects, obviously. And that is a testament to the exploration successes there. And I've heard you talk about your excitement about the quality of these assets. Is one option asset sales? I mean, you obviously have five or more projects that have significant value. Is that part of the strategic thinking, an asset sale or two, to alleviate some of the financial strains that you're going through now? Or are you going to try to get through this without asset sales?

Question: Bryce Adams - CIBC Capital Markets - Analyst : First one is five mines by 2030, that's a pretty strong goal to set. Was there a consideration to simplifying the development plan and focus on less projects and reduce the finance needs?

Question: Bryce Adams - CIBC Capital Markets - Analyst : Got it. Yes, that's helpful. Maybe a follow-on to that. It's a little hard to see from the slides and from my recollection from visiting site a few years ago. But do you foresee any like interaction between those open pit heap leach projects and then the underground? Or are they all distinctly independent of each other?

Question: John Tumazos - John Tumazos Very Independent Research - Analyst : Richard, it's good to be acquainted again. Thank you for taking my question. It's more traditional to build mines or reopen mines one by one and harvest the cash flow from the first project and move on to the second. The term and mathematics is linearly sequential one by one. If the market REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.

Question: Bryce Adams - CIBC Capital Markets - Analyst : One bonus question from me. The comments around the carrying value and the going concern, is that simply a continuation of the language used by previous management? Or is there anything new in that?

Question: Bryce Adams - CIBC Capital Markets - Analyst : Just wanted to see if anything had changed. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.