i-80 Gold Corp. (NYSE:IAUX) Q3 2024 Earnings Conference Call November 13, 2024 10:00 AM ET
Company Participants
Richard Young - CEO
Matt Gili - President & COO
Ryan Snow - CFO
Dave Savarie - SVP, General Counsel
Leily Omoumi - VP, Corporate Development & Strategy
Conference Call Participants
Kent Whitaker - KP7 Investors
Bryce Adams - CIBC Capital Markets
John Tumazos - John Tumazos Very Independent Research
José Cánovas - Global Income
William Siegel - WJ Siegel Consultants
Operator
Good morning. My name is John, and I will be your conference operator today. At this time, I would like to welcome everyone to the i-80 Gold Corp. Q3 2024 Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions].
Thank you. Mr. Young, you may begin your conference.
Richard Young
Well, thank you, John, and welcome, everyone.
Turning to Slide 2. I'd like to draw everyone's attention to our Safe Harbor language as we will be making forward-looking statements through the course of today's presentation.
Joining me on the call is our President and COO, Matt Gili; our CFO, Ryan Snow; and two new hires, Dave Savarie, our Senior Vice President, General Counsel; and Leily Omoumi who is our new Vice President, Corporate Development and Strategy.
Turning to Slide 3. Before we begin our formal remarks, I'd like to address today's share reaction -- share price reaction to our announcement and the team internally we expected the stock could trade down for a period of time as the market absorbed the new plan and the strategy moving forward. I think we would say internally that the market's overreacted.
I think when you look at any company there are three things that you look at. The first is the quality of the people. And I'll tell you that this is a great team that I'm joining. As the press release indicated, we've added further bench strength that will address some of the issues that we'll talk about today mainly the balance sheet. The quality of the asset base and the location are perfect. And we have a new development plan that would see this company move to a mid-tier gold producer with Nevada production of 400,000 to 500,000 ounces per year. And the capital intensity for these five projects is very low. And there's a lot of organic growth within the gold portfolio as well as base metal.